TransAct Technologies (TACT) Getting Somewhat Favorable Press Coverage, Analysis Finds

Media headlines about TransAct Technologies (NASDAQ:TACT) have trended somewhat positive on Saturday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TransAct Technologies earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 45.2037952689292 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

A number of brokerages have recently weighed in on TACT. Zacks Investment Research upgraded TransAct Technologies from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Saturday, November 4th. ValuEngine upgraded TransAct Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, B. Riley reiterated a “buy” rating and issued a $11.00 price objective on shares of TransAct Technologies in a research report on Friday, October 27th.

Shares of TransAct Technologies (TACT) opened at $14.15 on Friday. The firm has a market capitalization of $106.44, a P/E ratio of 21.57 and a beta of 0.75. TransAct Technologies has a 1 year low of $6.00 and a 1 year high of $15.55.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, November 20th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.36 annualized dividend and a dividend yield of 2.54%. TransAct Technologies’s dividend payout ratio is presently 53.73%.

In related news, CFO Steven A. Demartino sold 2,583 shares of TransAct Technologies stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $9.75, for a total transaction of $25,184.25. Following the sale, the chief financial officer now directly owns 47,419 shares in the company, valued at $462,335.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tracey S. Chernay sold 14,250 shares of TransAct Technologies stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $14.02, for a total value of $199,785.00. Following the sale, the senior vice president now owns 3,000 shares in the company, valued at $42,060. The disclosure for this sale can be found here. Insiders have sold 117,312 shares of company stock worth $1,410,044 over the last 90 days. 11.57% of the stock is currently owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for TransAct Technologies (NASDAQ:TACT)

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