TransAct Technologies (NASDAQ:TACT) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of TransAct Technologies (NASDAQ:TACT) to a hold rating in a research report report published on Saturday morning.

Other equities analysts also recently issued research reports about the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of TransAct Technologies in a report on Tuesday, June 9th. Zacks Research upgraded shares of TransAct Technologies to a “hold” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, TransAct Technologies presently has an average rating of “Reduce”.

TransAct Technologies Price Performance

Shares of NASDAQ:TACT opened at $5.23 on Friday. The stock has a market capitalization of $53.76 million, a P/E ratio of -104.60 and a beta of 1.21. The business has a 50-day moving average of $4.74 and a two-hundred day moving average of $3.97. TransAct Technologies has a fifty-two week low of $3.06 and a fifty-two week high of $6.02.

TransAct Technologies (NASDAQ:TACT) last issued its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.11. TransAct Technologies had a negative return on equity of 1.56% and a negative net margin of 0.93%.The business had revenue of $14.41 million for the quarter, compared to analyst estimates of $12.60 million. As a group, research analysts expect that TransAct Technologies will post -0.05 EPS for the current fiscal year.

TransAct Technologies declared that its board has approved a share repurchase program on Wednesday, May 13th that allows the company to repurchase $3.00 million in outstanding shares. This repurchase authorization allows the technology company to purchase up to 8.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On TransAct Technologies

Several large investors have recently made changes to their positions in TACT. Geode Capital Management LLC lifted its holdings in shares of TransAct Technologies by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 115,552 shares of the technology company’s stock worth $462,000 after buying an additional 4,742 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in shares of TransAct Technologies by 3.4% in the first quarter. Gamco Investors INC. ET AL now owns 150,000 shares of the technology company’s stock worth $494,000 after acquiring an additional 5,000 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of TransAct Technologies by 33.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 20,464 shares of the technology company’s stock worth $82,000 after acquiring an additional 5,100 shares during the last quarter. Silverberg Bernstein Capital Management LLC increased its position in TransAct Technologies by 1.7% during the first quarter. Silverberg Bernstein Capital Management LLC now owns 591,179 shares of the technology company’s stock worth $1,945,000 after acquiring an additional 10,156 shares during the period. Finally, Coldstream Capital Management Inc. bought a new position in TransAct Technologies during the third quarter worth $58,000. Institutional investors and hedge funds own 74.46% of the company’s stock.

TransAct Technologies Company Profile

TransAct Technologies Inc designs, manufactures and distributes secure card issuance systems and embedded transactional printing solutions for a variety of industries. The company’s portfolio includes high-speed card printers, card personalization and issuance software, as well as embedded printers used in kiosks, point-of-sale terminals, lottery machines and gaming applications. TransAct’s products are built to deliver reliable, on-demand printing and secure card encoding for markets that require rapid, accurate issuance of payment cards, identification badges and tickets.

Within its secure card solutions segment, TransAct offers turnkey systems that integrate card printing, magnetic stripe encoding, smart card personalization and instant card issuance software.