TransAct Technologies (TACT) Receives Buy Rating from B. Riley

TransAct Technologies (NASDAQ:TACT)‘s stock had its “buy” rating reissued by equities research analysts at B. Riley in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. They presently have a $17.00 price objective on the technology company’s stock, up from their previous price objective of $13.00. B. Riley’s price target suggests a potential upside of 9.32% from the company’s current price. B. Riley also issued estimates for TransAct Technologies’ Q2 2018 earnings at $0.20 EPS, Q3 2018 earnings at $0.20 EPS and FY2018 earnings at $0.79 EPS.

Several other research analysts have also issued reports on TACT. Zacks Investment Research lowered TransAct Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. ValuEngine upgraded TransAct Technologies from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd.

TransAct Technologies (TACT) opened at $15.55 on Friday. The stock has a market capitalization of $107.91, a P/E ratio of 23.21 and a beta of 0.91. TransAct Technologies has a fifty-two week low of $6.80 and a fifty-two week high of $15.65.

TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.12. The business had revenue of $15.52 million for the quarter, compared to analyst estimates of $14.58 million. TransAct Technologies had a return on equity of 19.99% and a net margin of 8.78%. equities analysts expect that TransAct Technologies will post 0.62 earnings per share for the current fiscal year.

In other news, Chairman Bart C. Shuldman sold 11,950 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $13.03, for a total value of $155,708.50. Following the completion of the sale, the chairman now directly owns 17,814 shares of the company’s stock, valued at $232,116.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Graham Y. Tanaka sold 2,095 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $13.39, for a total value of $28,052.05. Following the completion of the sale, the director now directly owns 194,153 shares of the company’s stock, valued at $2,599,708.67. The disclosure for this sale can be found here. Over the last three months, insiders sold 102,663 shares of company stock valued at $1,360,511. Company insiders own 11.57% of the company’s stock.

Institutional investors have recently modified their holdings of the company. B. Riley Financial Inc. raised its stake in shares of TransAct Technologies by 80.3% in the third quarter. B. Riley Financial Inc. now owns 132,047 shares of the technology company’s stock worth $1,305,000 after purchasing an additional 58,793 shares during the last quarter. Algert Global LLC raised its stake in shares of TransAct Technologies by 30.3% in the third quarter. Algert Global LLC now owns 53,883 shares of the technology company’s stock worth $525,000 after purchasing an additional 12,529 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of TransAct Technologies in the third quarter worth approximately $123,000. Acadian Asset Management LLC raised its stake in shares of TransAct Technologies by 732.9% in the fourth quarter. Acadian Asset Management LLC now owns 21,497 shares of the technology company’s stock worth $284,000 after purchasing an additional 18,916 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of TransAct Technologies by 2.4% in the third quarter. Dimensional Fund Advisors LP now owns 243,683 shares of the technology company’s stock worth $2,376,000 after purchasing an additional 5,607 shares during the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

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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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