Municipal Employees Retirement System of Michigan purchased a new position in shares of TransAct Technologies Incorporated (NASDAQ:TACT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 27,130 shares of the technology company’s stock, valued at approximately $244,000. Municipal Employees Retirement System of Michigan owned approximately 0.37% of TransAct Technologies at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Royce & Associates LP acquired a new position in TransAct Technologies in the fourth quarter worth $257,000. North Star Investment Management Corp. boosted its holdings in TransAct Technologies by 13.6% in the fourth quarter. North Star Investment Management Corp. now owns 113,100 shares of the technology company’s stock worth $1,016,000 after purchasing an additional 13,500 shares during the period. Cowen Prime Services LLC boosted its holdings in TransAct Technologies by 39.1% in the fourth quarter. Cowen Prime Services LLC now owns 225,228 shares of the technology company’s stock worth $2,023,000 after purchasing an additional 63,281 shares during the period. Dimensional Fund Advisors LP boosted its holdings in TransAct Technologies by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 296,535 shares of the technology company’s stock worth $2,663,000 after purchasing an additional 2,337 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in TransAct Technologies by 3.2% in the third quarter. Renaissance Technologies LLC now owns 401,500 shares of the technology company’s stock worth $5,782,000 after purchasing an additional 12,400 shares during the period. 43.43% of the stock is owned by institutional investors and hedge funds.

TACT stock opened at $8.76 on Tuesday. The firm has a market capitalization of $66.57 million, a price-to-earnings ratio of 12.51 and a beta of 0.86. TransAct Technologies Incorporated has a 1 year low of $8.40 and a 1 year high of $15.95.

TransAct Technologies (NASDAQ:TACT) last posted its earnings results on Wednesday, March 6th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The company had revenue of $11.76 million during the quarter, compared to the consensus estimate of $13.65 million. TransAct Technologies had a net margin of 9.94% and a return on equity of 20.93%.

TACT has been the subject of a number of research reports. ValuEngine downgraded shares of TransAct Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, March 19th. Zacks Investment Research upgraded TransAct Technologies from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Tuesday, February 5th. Finally, B. Riley set a $14.00 target price on TransAct Technologies and gave the company a “buy” rating in a research note on Thursday, March 7th.

In related news, Director John Dillon bought 10,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were bought at an average cost of $8.81 per share, for a total transaction of $88,100.00. Following the completion of the purchase, the director now owns 23,075 shares of the company’s stock, valued at approximately $203,290.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 12.53% of the company’s stock.

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About TransAct Technologies

TransAct Technologies Incorporated designs, develops, assembles, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal, inkjet, and impact printers and terminals to generate labels and transaction records, such as receipts, tickets, coupons, register journals, and other documents, as well as printed logging and plotting of data.

Read More: Asset Allocation

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Institutional Ownership by Quarter for TransAct Technologies (NASDAQ:TACT)

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