According to Zacks, “TransAct Technologies, Incorporated, designs, develops, manufactures and markets transaction-based printers and related products under the ITHACA and MAGNETEC and TRANSACT.COM brand names. The company focuses on five vertical markets: point-of-sale(POS), gaming and lottery, financial services, kiosk and Internet. The company’s printers are trusted world-wide to provide crisp, clean transaction records from receipts, tickets and coupons, register journal and other documents. “
Separately, B. Riley restated a buy rating and set a $11.00 price target on shares of TransAct Technologies in a research report on Tuesday, August 9th.
TransAct Technologies (NASDAQ:TACT) traded down 0.3453% on Thursday, hitting $7.2449. 3,074 shares of the stock traded hands. The company’s 50 day moving average price is $7.44 and its 200-day moving average price is $7.75. The stock has a market capitalization of $54.04 million, a P/E ratio of 19.5808 and a beta of 0.68. TransAct Technologies has a 12-month low of $6.43 and a 12-month high of $10.30.
TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.01. TransAct Technologies had a net margin of 5.30% and a return on equity of 11.66%. The firm had revenue of $14.80 million for the quarter, compared to the consensus estimate of $14.89 million. Analysts predict that TransAct Technologies will post $0.47 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, August 19th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 4.40%. The ex-dividend date was Wednesday, August 17th. TransAct Technologies’s dividend payout ratio (DPR) is 84.21%.
In other TransAct Technologies news, Chairman Bart C. Shuldman sold 6,000 shares of the business’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $7.33, for a total value of $43,980.00. Following the sale, the chairman now directly owns 7,914 shares of the company’s stock, valued at $58,009.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.57% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in TACT. Punch & Associates Investment Management Inc. bought a new stake in TransAct Technologies during the second quarter valued at approximately $807,000. TIAA CREF Trust Co. FSB MO bought a new stake in TransAct Technologies during the second quarter valued at approximately $200,000. Spark Investment Management LLC bought a new stake in TransAct Technologies during the second quarter valued at approximately $163,000. O Shaughnessy Asset Management LLC increased its stake in TransAct Technologies by 462.5% in the second quarter. O Shaughnessy Asset Management LLC now owns 15,406 shares of the company’s stock valued at $124,000 after buying an additional 12,667 shares during the period. Finally, LSV Asset Management increased its stake in TransAct Technologies by 50.3% in the second quarter. LSV Asset Management now owns 28,700 shares of the company’s stock valued at $230,000 after buying an additional 9,600 shares during the period. 35.59% of the stock is currently owned by institutional investors and hedge funds.
About TransAct Technologies
TransAct Technologies Incorporated (TransAct) designs, develops and sells market-specific solutions, including printers, terminals, software and other products for transaction-based and other industries. The Company operates through the segment, which includes design, development, assembly and marketing of transaction printers and terminals, and providing printer and terminal related software, services, supplies and spare parts.
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