Northern Trust Corp Has $217,000 Stake in TransAct Technologies Incorporated (NASDAQ:TACT)

Northern Trust Corp lifted its holdings in TransAct Technologies Incorporated (NASDAQ:TACT) by 33.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,956 shares of the technology company’s stock after acquiring an additional 13,386 shares during the quarter. Northern Trust Corp owned approximately 0.53% of TransAct Technologies worth $217,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Legato Capital Management LLC acquired a new position in TransAct Technologies in the fourth quarter worth $44,000. Quinn Opportunity Partners LLC acquired a new position in TransAct Technologies during the 4th quarter worth about $156,000. Essex Investment Management Co. LLC grew its holdings in TransAct Technologies by 20.3% during the 4th quarter. Essex Investment Management Co. LLC now owns 43,841 shares of the technology company’s stock worth $179,000 after acquiring an additional 7,402 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in shares of TransAct Technologies by 3.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 145,000 shares of the technology company’s stock worth $593,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of TransAct Technologies by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock worth $1,434,000 after purchasing an additional 8,015 shares in the last quarter. 74.46% of the stock is currently owned by institutional investors.

TransAct Technologies Stock Performance

TACT opened at $3.64 on Tuesday. The company has a fifty day moving average price of $3.59 and a two-hundred day moving average price of $3.96. The firm has a market capitalization of $36.64 million, a PE ratio of -18.17 and a beta of 1.17. TransAct Technologies Incorporated has a 52 week low of $3.12 and a 52 week high of $5.11.

TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.00 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.10. The company had revenue of $13.05 million for the quarter, compared to analysts’ expectations of $11.04 million. TransAct Technologies had a negative net margin of 4.24% and a negative return on equity of 5.08%. Equities analysts forecast that TransAct Technologies Incorporated will post -0.3 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Roth Capital reissued a “buy” rating on shares of TransAct Technologies in a research note on Wednesday, May 14th. Roth Mkm lowered their price objective on TransAct Technologies from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Wednesday, May 14th. Finally, Wall Street Zen started coverage on shares of TransAct Technologies in a research report on Thursday, May 15th. They set a “hold” rating on the stock.

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.