Connors Investor Services Inc. Buys 9,999 Shares of TransAct Technologies Incorporated (NASDAQ:TACT)

Connors Investor Services Inc. grew its stake in TransAct Technologies Incorporated (NASDAQ:TACT) by 56.5% in the second quarter, HoldingsChannel.com reports. The fund owned 27,699 shares of the technology company’s stock after acquiring an additional 9,999 shares during the period. Connors Investor Services Inc.’s holdings in TransAct Technologies were worth $104,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Victory Capital Management Inc. acquired a new position in shares of TransAct Technologies in the 4th quarter valued at $73,000. Bard Associates Inc. lifted its holdings in TransAct Technologies by 1.1% during the fourth quarter. Bard Associates Inc. now owns 155,975 shares of the technology company’s stock worth $1,089,000 after acquiring an additional 1,750 shares in the last quarter. Bard Financial Services Inc. acquired a new position in TransAct Technologies in the first quarter valued at about $79,000. Vanguard Group Inc. grew its stake in 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 acquiring an additional 3,821 shares during the period. Finally, Silverberg Bernstein Capital Management LLC raised its position in shares of TransAct Technologies by 0.7% during 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 owned by institutional investors.

TransAct Technologies Stock Up 0.2 %

Shares of TACT stock opened at $4.33 on Wednesday. TransAct Technologies Incorporated has a 12-month low of $3.32 and a 12-month high of $7.97. The firm has a fifty day moving average of $4.12 and a 200-day moving average of $4.38. The company has a market capitalization of $43.28 million, a price-to-earnings ratio of 72.17 and a beta of 1.73.

TransAct Technologies (NASDAQ:TACT) last announced its earnings results on Thursday, August 8th. The technology company reported ($0.03) earnings per share 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 firm had revenue of $11.60 million during the quarter, compared to analyst estimates of $10.25 million. During the same period in the prior year, the business earned $0.22 EPS. On average, equities analysts expect that TransAct Technologies Incorporated will post -0.26 EPS for the current year.

Analysts Set New Price Targets

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

About TransAct Technologies

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.