Equities research analysts at StockNews.com initiated coverage on shares of TransAct Technologies (NASDAQ:TACT – Get Free Report) in a report issued on Monday. The brokerage set a “buy” rating on the technology company’s stock.
Separately, Craig Hallum reduced their price target on shares of TransAct Technologies from $9.00 to $7.50 and set a “buy” rating on the stock in a research note on Wednesday, May 8th.
Read Our Latest Analysis on TACT
TransAct Technologies Price Performance
TransAct Technologies (NASDAQ:TACT – Get Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.06. TransAct Technologies had a return on equity of 5.06% and a net margin of 0.94%. The company had revenue of $10.69 million during the quarter, compared to analysts’ expectations of $11.20 million. Equities research analysts expect that TransAct Technologies will post -0.45 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. Silverberg Bernstein Capital Management LLC bought a new position in shares of TransAct Technologies during the 4th quarter worth $2,873,000. Victory Capital Management Inc. purchased a new position in TransAct Technologies during the 4th quarter valued at about $73,000. Bard Financial Services Inc. bought a new stake in shares of TransAct Technologies in the 1st quarter valued at about $79,000. Vanguard Group Inc. raised its holdings in shares of TransAct Technologies by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock valued at $2,139,000 after purchasing an additional 3,821 shares in the last quarter. Finally, Bard Associates Inc. boosted its stake in shares of TransAct Technologies by 1.1% during the fourth quarter. Bard Associates Inc. now owns 155,975 shares of the technology company’s stock valued at $1,089,000 after purchasing an additional 1,750 shares in the last quarter. 74.46% of the stock is currently owned by hedge funds and other institutional investors.
About TransAct Technologies
TransAct Technologies Incorporated designs, develops, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal printers and terminals to generate labels, coupons, and transaction records, such as receipts, tickets, and other documents.
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