American Century Companies Inc. Buys 8,739 Shares of Tactile Systems Technology, Inc. $TCMD

American Century Companies Inc. increased its stake in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 22.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,900 shares of the company’s stock after acquiring an additional 8,739 shares during the period. American Century Companies Inc. owned about 0.21% of Tactile Systems Technology worth $633,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. SummerHaven Investment Management LLC boosted its stake in shares of Tactile Systems Technology by 1.3% in the first quarter. SummerHaven Investment Management LLC now owns 66,220 shares of the company’s stock valued at $875,000 after buying an additional 821 shares during the period. Hohimer Wealth Management LLC grew its holdings in Tactile Systems Technology by 4.5% during the 1st quarter. Hohimer Wealth Management LLC now owns 24,035 shares of the company’s stock worth $318,000 after acquiring an additional 1,040 shares during the period. Northern Trust Corp grew its holdings in Tactile Systems Technology by 0.7% during the 4th quarter. Northern Trust Corp now owns 205,914 shares of the company’s stock worth $3,527,000 after acquiring an additional 1,371 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Tactile Systems Technology by 11.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,008 shares of the company’s stock worth $343,000 after acquiring an additional 2,006 shares during the period. Finally, Virtus Fund Advisers LLC grew its stake in shares of Tactile Systems Technology by 142.0% in the 4th quarter. Virtus Fund Advisers LLC now owns 4,199 shares of the company’s stock valued at $72,000 after buying an additional 2,464 shares during the period. Institutional investors own 83.43% of the company’s stock.

Wall Street Analyst Weigh In

TCMD has been the subject of several research reports. B. Riley restated a “neutral” rating and issued a $13.00 target price (up from $12.00) on shares of Tactile Systems Technology in a research note on Tuesday, August 5th. Wall Street Zen raised shares of Tactile Systems Technology from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, William Blair raised shares of Tactile Systems Technology to a “strong-buy” rating in a research report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.50.

Insider Activity

In related news, CEO Sheri Louise Dodd sold 7,762 shares of the business’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $12.36, for a total transaction of $95,938.32. Following the transaction, the chief executive officer owned 173,479 shares in the company, valued at $2,144,200.44. The trade was a 4.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is owned by corporate insiders.

Tactile Systems Technology Stock Performance

Tactile Systems Technology stock opened at $13.42 on Friday. The company has a quick ratio of 3.36, a current ratio of 3.79 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $299.13 million, a PE ratio of 21.65 and a beta of 1.04. The firm has a fifty day simple moving average of $11.34 and a two-hundred day simple moving average of $11.97. Tactile Systems Technology, Inc. has a twelve month low of $8.61 and a twelve month high of $21.10.

Tactile Systems Technology (NASDAQ:TCMD) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $78.91 million during the quarter, compared to the consensus estimate of $73.93 million. Tactile Systems Technology had a net margin of 5.06% and a return on equity of 7.72%. Tactile Systems Technology has set its FY 2025 guidance at EPS. Research analysts expect that Tactile Systems Technology, Inc. will post 0.7 EPS for the current year.

Tactile Systems Technology Company Profile

Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices to treat underserved chronic diseases in the United States. It offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema in the home setting; and Entre Plus System, a portable pneumatic compression device for the at-home treatment of venous disorders, such as lymphedema and chronic venous insufficiency, including venous leg ulcers.