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 reissued a buy rating and issued a $11.00 target price on shares of TransAct Technologies in a research note on Tuesday, August 9th.
TransAct Technologies (NASDAQ:TACT) last released its earnings results on Thursday, August 4th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The firm earned $14.80 million during the quarter, compared to analyst estimates of $14.89 million. TransAct Technologies had a net margin of 5.30% and a return on equity of 11.66%.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Friday, August 19th were paid a dividend of $0.08 per share. The ex-dividend date was Wednesday, August 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.41%. TransAct Technologies’s dividend payout ratio (DPR) is presently 84.21%.
In related news, Chairman Bart C. Shuldman sold 6,000 shares of TransAct Technologies stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $7.33, for a total transaction of $43,980.00. Following the completion of the sale, the chairman now directly owns 7,914 shares of the company’s stock, valued at $58,009.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 11.57% of the company’s stock.
Several large investors have recently made changes to their positions in TACT. Punch & Associates Investment Management Inc. bought a new stake in shares of TransAct Technologies during the second quarter worth approximately $807,000. TIAA CREF Trust Co. FSB MO bought a new stake in shares of TransAct Technologies during the second quarter worth approximately $200,000. Spark Investment Management LLC bought a new stake in shares of TransAct Technologies during the second quarter worth approximately $163,000. O Shaughnessy Asset Management LLC boosted its stake in shares of TransAct Technologies by 462.5% in the second quarter. O Shaughnessy Asset Management LLC now owns 15,406 shares of the company’s stock worth $124,000 after buying an additional 12,667 shares during the period. Finally, LSV Asset Management boosted its stake in shares of TransAct Technologies by 50.3% in the second quarter. LSV Asset Management now owns 28,700 shares of the company’s stock worth $230,000 after buying an additional 9,600 shares during the period. 35.59% of the stock is 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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