Shares of TransAct Technologies Incorporated (NASDAQ:TACT) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Analysts have set a 12-month consensus price target of $17.00 for the company and are anticipating that the company will post $0.14 earnings per share for the current quarter, according to Zacks. Zacks has also assigned TransAct Technologies an industry rank of 202 out of 265 based on the ratings given to related companies.

A number of equities analysts recently issued reports on TACT shares. ValuEngine raised shares of TransAct Technologies from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research raised shares of TransAct Technologies from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Saturday, November 4th. Finally, B. Riley reissued a “buy” rating and issued a $11.00 price objective on shares of TransAct Technologies in a report on Friday, October 27th.

Shares of TransAct Technologies (NASDAQ:TACT) traded up $0.25 during midday trading on Thursday, hitting $14.00. 18,160 shares of the stock were exchanged, compared to its average volume of 45,236. The stock has a market cap of $103.12, a P/E ratio of 20.90 and a beta of 0.93. TransAct Technologies has a 12-month low of $6.80 and a 12-month high of $15.80.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 20th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Friday, February 16th. TransAct Technologies’s payout ratio is 53.73%.

In other TransAct Technologies news, SVP Tracey S. Chernay sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $13.70, for a total transaction of $41,100.00. Following the sale, the senior vice president now owns 3,000 shares in the company, valued at approximately $41,100. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Tracey S. Chernay sold 14,250 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $14.02, for a total transaction of $199,785.00. Following the sale, the senior vice president now owns 3,000 shares in the company, valued at approximately $42,060. The disclosure for this sale can be found here. In the last three months, insiders sold 39,961 shares of company stock worth $544,104. 11.57% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. bought a new stake in TransAct Technologies during the 3rd quarter worth approximately $123,000. Northern Trust Corp raised its stake in TransAct Technologies by 7.0% during the 2nd quarter. Northern Trust Corp now owns 26,419 shares of the technology company’s stock worth $223,000 after acquiring an additional 1,730 shares during the period. Acadian Asset Management LLC raised its stake in TransAct Technologies by 732.9% during the 4th quarter. Acadian Asset Management LLC now owns 21,497 shares of the technology company’s stock worth $284,000 after acquiring an additional 18,916 shares during the period. Algert Global LLC raised its stake in TransAct Technologies by 30.3% during the 3rd quarter. Algert Global LLC now owns 53,883 shares of the technology company’s stock worth $525,000 after acquiring an additional 12,529 shares during the period. Finally, LSV Asset Management raised its stake in TransAct Technologies by 8.3% during the 4th quarter. LSV Asset Management now owns 58,600 shares of the technology company’s stock worth $776,000 after acquiring an additional 4,500 shares during the period. Institutional investors own 38.55% of the company’s stock.

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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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