TransAct Technologies Incorporated (NASDAQ:TACT) declared a quarterly dividend on Tuesday, February 6th, Wall Street Journal reports. Investors of record on Tuesday, February 20th will be paid a dividend of 0.09 per share by the technology company on Thursday, March 15th. This represents a $0.36 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Friday, February 16th.
Shares of TransAct Technologies (TACT) opened at $14.50 on Thursday. The company has a market cap of $102.75, a P/E ratio of 20.82 and a beta of 0.94. TransAct Technologies has a one year low of $6.80 and a one year high of $15.80.
A number of brokerages have recently commented on TACT. Zacks Investment Research raised shares of TransAct Technologies from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Wednesday, January 31st. B. Riley reaffirmed a “buy” rating and set a $17.00 price objective (up previously from $13.00) on shares of TransAct Technologies in a research note on Friday, January 26th. Finally, ValuEngine raised shares of TransAct Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st.
An institutional investor recently raised its position in TransAct Technologies stock. Northern Trust Corp increased its holdings in shares of TransAct Technologies Incorporated (NASDAQ:TACT) by 7.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,419 shares of the technology company’s stock after buying an additional 1,730 shares during the period. Northern Trust Corp owned about 0.36% of TransAct Technologies worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 40.00% of the company’s stock.
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.
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