Connors Investor Services Inc. Has $104,000 Stock Position in TransAct Technologies Incorporated (NASDAQ:TACT)

Connors Investor Services Inc. boosted its holdings in TransAct Technologies Incorporated (NASDAQ:TACT) by 56.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,699 shares of the technology company’s stock after buying an additional 9,999 shares during the period. Connors Investor Services Inc. owned approximately 0.28% of TransAct Technologies worth $104,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Victory Capital Management Inc. bought a new stake in shares of TransAct Technologies in the fourth quarter valued at about $73,000. Bard Financial Services Inc. bought a new stake in shares of TransAct Technologies during the first quarter valued at approximately $79,000. Bard Associates Inc. raised its stake in shares of TransAct Technologies by 1.1% in 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. Vanguard Group Inc. raised its stake in shares of TransAct Technologies by 0.9% in the first 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, Silverberg Bernstein Capital Management LLC lifted its position in TransAct Technologies by 0.7% in the second quarter. Silverberg Bernstein Capital Management LLC now owns 412,390 shares of the technology company’s stock worth $1,555,000 after purchasing an additional 3,000 shares during the period. 74.46% of the stock is currently owned by institutional investors and hedge funds.

TransAct Technologies Stock Up 0.2 %

Shares of TACT opened at $4.33 on Wednesday. The company has a 50-day moving average price of $4.12 and a two-hundred day moving average price of $4.38. The stock has a market cap of $43.28 million, a price-to-earnings ratio of 72.17 and a beta of 1.73. TransAct Technologies Incorporated has a 12 month low of $3.32 and a 12 month high of $7.97.

TransAct Technologies (NASDAQ:TACT) last announced its earnings results on Thursday, August 8th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.14. TransAct Technologies had a negative net margin of 0.97% and a negative return on equity of 1.31%. The business had revenue of $11.60 million during the quarter, compared to analysts’ expectations of $10.25 million. During the same quarter last year, the company posted $0.22 EPS. Equities research analysts expect that TransAct Technologies Incorporated will post -0.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of TransAct Technologies in a research note on Monday. They issued a “buy” rating for the company.

TransAct Technologies Company Profile

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.