Daktronics, Inc. (DAKT) Shares Sold by First Personal Financial Services
First Personal Financial Services decreased its stake in shares of Daktronics, Inc. (NASDAQ:DAKT) by 0.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 179,979 shares of the technology company’s stock after selling 920 shares during the period. First Personal Financial Services owned 0.41% of Daktronics worth $1,733,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of DAKT. Principal Financial Group Inc. boosted its position in shares of Daktronics by 3.7% in the first quarter. Principal Financial Group Inc. now owns 304,805 shares of the technology company’s stock valued at $2,880,000 after buying an additional 10,975 shares during the period. AQR Capital Management LLC bought a new position in shares of Daktronics during the fourth quarter worth about $173,000. Thrivent Financial For Lutherans boosted its position in shares of Daktronics by 5.9% in the first quarter. Thrivent Financial For Lutherans now owns 22,860 shares of the technology company’s stock worth $216,000 after buying an additional 1,280 shares during the last quarter. AXA bought a new position in shares of Daktronics during the first quarter worth about $183,000. Finally, RidgeWorth Capital Management LLC boosted its position in shares of Daktronics by 15.2% in the first quarter. RidgeWorth Capital Management LLC now owns 1,580,957 shares of the technology company’s stock worth $14,940,000 after buying an additional 209,008 shares during the last quarter. Institutional investors own 50.63% of the company’s stock.
Daktronics, Inc. (NASDAQ DAKT) opened at 9.24 on Friday. The company has a 50 day moving average price of $9.61 and a 200-day moving average price of $9.52. Daktronics, Inc. has a one year low of $6.75 and a one year high of $11.12. The firm has a market capitalization of $408.25 million, a PE ratio of 40.17 and a beta of 1.30.
Daktronics (NASDAQ:DAKT) last issued its earnings results on Wednesday, May 31st. The technology company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.06 by $0.04. The business had revenue of $143.70 million for the quarter, compared to the consensus estimate of $141.50 million. Daktronics had a net margin of 1.76% and a return on equity of 5.14%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) EPS. On average, equities analysts predict that Daktronics, Inc. will post $0.36 EPS for the current year.
DAKT has been the topic of a number of recent research reports. BidaskClub upgraded Daktronics from a “sell” rating to a “hold” rating in a report on Friday. Zacks Investment Research upgraded Daktronics from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $12.17.
In related news, Director John L. Mulligan sold 16,000 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $9.83, for a total value of $157,280.00. Following the completion of the sale, the director now owns 72,953 shares in the company, valued at approximately $717,127.99. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Nancy D. Frame sold 3,525 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $9.84, for a total transaction of $34,686.00. Following the completion of the sale, the director now owns 58,881 shares of the company’s stock, valued at approximately $579,389.04. The disclosure for this sale can be found here. Insiders have sold a total of 67,661 shares of company stock valued at $791,626 in the last quarter. Corporate insiders own 8.20% of the company’s stock.
Daktronics Company Profile
Daktronics, Inc is a supplier of electronic scoreboards, electronic display systems, digital messaging solutions, software and services for sporting, commercial and transportation applications. The Company operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International.
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