Vanguard Group Inc. Acquires 3,821 Shares of TransAct Technologies Incorporated (NASDAQ:TACT)

Vanguard Group Inc. grew its holdings in shares of TransAct Technologies Incorporated (NASDAQ:TACT) by 0.9% in the first quarter, Holdings Channel.com reports. The firm owned 408,192 shares of the technology company’s stock after buying an additional 3,821 shares during the period. Vanguard Group Inc.’s holdings in TransAct Technologies were worth $2,139,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. bought a new position in TransAct Technologies during the fourth quarter worth about $73,000. Bard Financial Services Inc. bought a new position in shares of TransAct Technologies in the first quarter valued at approximately $79,000. Summit Trail Advisors LLC grew its stake in TransAct Technologies by 15.0% during the fourth quarter. Summit Trail Advisors LLC now owns 18,983 shares of the technology company’s stock valued at $133,000 after acquiring an additional 2,483 shares in the last quarter. Finally, Bard Associates Inc. grew its stake in 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 acquiring an additional 1,750 shares in the last quarter. Institutional investors own 74.46% of the company’s stock.

TransAct Technologies Price Performance

TACT stock opened at $4.50 on Tuesday. TransAct Technologies Incorporated has a one year low of $3.32 and a one year high of $7.97. The stock has a market cap of $45 million, a PE ratio of 73.50 and a beta of 1.72. The firm has a 50 day simple moving average of $3.83 and a two-hundred day simple moving average of $4.83.

TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings results on Thursday, August 8th. The technology company reported ($0.03) 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 in the previous year, the company earned $0.22 EPS. On average, research analysts expect that TransAct Technologies Incorporated will post -0.26 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on TACT shares. StockNews.com started coverage on shares of TransAct Technologies in a research note on Thursday, August 15th. They set a “buy” rating for the company. Craig Hallum reduced their price objective on shares of TransAct Technologies from $9.00 to $7.50 and set a “buy” rating for the company in a research note on Wednesday, May 8th.

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.