Versor Investments LP Invests $808,000 in Daktronics, Inc. $DAKT

Versor Investments LP acquired a new stake in Daktronics, Inc. (NASDAQ:DAKT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 38,600 shares of the technology company’s stock, valued at approximately $808,000. Versor Investments LP owned 0.08% of Daktronics as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DAKT. CSM Advisors LLC acquired a new stake in shares of Daktronics in the 2nd quarter valued at approximately $6,242,000. Invesco Ltd. raised its position in shares of Daktronics by 399.2% during the 2nd quarter. Invesco Ltd. now owns 510,243 shares of the technology company’s stock worth $7,715,000 after purchasing an additional 408,037 shares during the last quarter. Progeny 3 Inc. lifted its position in shares of Daktronics by 7.3% in the second quarter. Progeny 3 Inc. now owns 2,650,037 shares of the technology company’s stock valued at $40,069,000 after acquiring an additional 179,529 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Daktronics by 7.0% during the 2nd quarter. American Century Companies Inc. now owns 1,619,937 shares of the technology company’s stock worth $24,493,000 after purchasing an additional 105,313 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of Daktronics by 366.7% in the third quarter. SG Americas Securities LLC now owns 97,923 shares of the technology company’s stock valued at $2,049,000 after purchasing an additional 76,940 shares during the period. Institutional investors and hedge funds own 61.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Daktronics in a research report on Monday, December 29th. Zacks Research raised shares of Daktronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Daktronics Stock Up 1.9%

DAKT stock opened at $26.42 on Wednesday. The company has a market capitalization of $1.29 billion, a P/E ratio of 203.25, a PEG ratio of 0.76 and a beta of 1.73. The firm has a 50 day simple moving average of $20.77 and a 200-day simple moving average of $19.56. The company has a current ratio of 2.23, a quick ratio of 1.71 and a debt-to-equity ratio of 0.18. Daktronics, Inc. has a twelve month low of $10.24 and a twelve month high of $26.80.

Daktronics (NASDAQ:DAKT) last announced its quarterly earnings results on Wednesday, December 10th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.08. The company had revenue of $229.25 million during the quarter, compared to the consensus estimate of $213.93 million. Daktronics had a net margin of 0.96% and a return on equity of 15.42%. During the same quarter in the previous year, the company posted $0.27 earnings per share. On average, equities research analysts predict that Daktronics, Inc. will post 0.96 earnings per share for the current fiscal year.

Daktronics Company Profile

Daktronics, Inc (NASDAQ: DAKT) is a leading designer and manufacturer of electronic display systems, video boards, scoreboards and related control systems. Founded in 1968 in Brookings, South Dakota by Al Kurtenbach and Duane Sander, the company has built a reputation for delivering custom visual display solutions to a wide range of markets. Its product portfolio includes large-format LED video displays, programmable message centers, digital billboards, and audio-visual solutions tailored to sports venues, transportation authorities, retail environments and live event producers.

The company’s primary business activities encompass the engineering, fabrication and installation of display systems for customers around the world.