TransAct Technologies Incorporated (NASDAQ:TACT) Director Thomas R. Schwarz sold 12,500 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $11.79, for a total value of $147,375.00. Following the transaction, the director now directly owns 59,859 shares in the company, valued at approximately $705,737.61. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
TransAct Technologies Incorporated (NASDAQ:TACT) opened at $12.10 on Wednesday. The firm has a market capitalization of $89.13, a price-to-earnings ratio of 20.17 and a beta of 0.97. TransAct Technologies Incorporated has a 52-week low of $7.84 and a 52-week high of $15.80.
TransAct Technologies (NASDAQ:TACT) last issued its earnings results on Monday, March 5th. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.02). The firm had revenue of $13.19 million during the quarter, compared to analysts’ expectations of $14.84 million. TransAct Technologies had a return on equity of 17.98% and a net margin of 5.70%. analysts predict that TransAct Technologies Incorporated will post 0.79 EPS for the current year.
TransAct Technologies declared that its Board of Directors has authorized a stock repurchase program on Monday, March 5th that permits the company to repurchase $5.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.
A number of research analysts have weighed in on the company. Zacks Investment Research raised TransAct Technologies from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Wednesday, January 31st. B. Riley reissued a “buy” rating and set a $17.00 price target (up previously from $13.00) on shares of TransAct Technologies in a research note on Friday, January 26th. Finally, ValuEngine raised TransAct Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st.
Several institutional investors and hedge funds have recently modified their holdings of TACT. Algert Global LLC raised its position in shares of TransAct Technologies by 202.2% in the 4th quarter. Algert Global LLC now owns 162,820 shares of the technology company’s stock worth $2,157,000 after buying an additional 108,937 shares during the period. B. Riley Financial Inc. raised its position in shares of TransAct Technologies by 80.3% in the 3rd quarter. B. Riley Financial Inc. now owns 132,047 shares of the technology company’s stock worth $1,305,000 after buying an additional 58,793 shares during the period. EAM Investors LLC purchased a new position in shares of TransAct Technologies in the 4th quarter worth $631,000. Renaissance Technologies LLC raised its position in shares of TransAct Technologies by 8.3% in the 4th quarter. Renaissance Technologies LLC now owns 451,100 shares of the technology company’s stock worth $5,977,000 after buying an additional 34,500 shares during the period. Finally, Municipal Employees Retirement System of Michigan purchased a new position in shares of TransAct Technologies in the 4th quarter worth $359,000. 39.18% of the stock is currently owned by institutional investors and hedge funds.
TransAct Technologies Company Profile
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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