Blair William & Co. IL Has $4.81 Million Stock Position in Tactile Systems Technology, Inc. (NASDAQ:TCMD)

Blair William & Co. IL lessened its position in Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 3.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 280,791 shares of the company’s stock after selling 9,063 shares during the period. Blair William & Co. IL’s holdings in Tactile Systems Technology were worth $4,810,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its holdings in shares of Tactile Systems Technology by 28.1% in the 3rd quarter. FMR LLC now owns 79,348 shares of the company’s stock worth $1,159,000 after purchasing an additional 17,393 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of Tactile Systems Technology by 9.8% in the third quarter. Wasatch Advisors LP now owns 727,194 shares of the company’s stock valued at $10,624,000 after purchasing an additional 64,684 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Tactile Systems Technology by 9.9% during the fourth quarter. Principal Financial Group Inc. now owns 20,401 shares of the company’s stock valued at $349,000 after buying an additional 1,836 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Tactile Systems Technology during the fourth quarter worth $1,328,000. Finally, Geode Capital Management LLC lifted its stake in Tactile Systems Technology by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 558,667 shares of the company’s stock valued at $8,164,000 after acquiring an additional 8,422 shares in the last quarter. Institutional investors own 83.43% of the company’s stock.

Insider Buying and Selling at Tactile Systems Technology

In other news, CFO Elaine M. Birkemeyer sold 3,778 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $14.70, for a total transaction of $55,536.60. Following the transaction, the chief financial officer now owns 104,098 shares of the company’s stock, valued at $1,530,240.60. This represents a 3.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kristie Burns sold 4,830 shares of Tactile Systems Technology stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $14.65, for a total value of $70,759.50. Following the completion of the sale, the vice president now directly owns 84,008 shares of the company’s stock, valued at approximately $1,230,717.20. This trade represents a 5.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,546 shares of company stock worth $285,444 over the last three months. 0.96% of the stock is currently owned by insiders.

Tactile Systems Technology Stock Performance

Shares of Tactile Systems Technology stock opened at $13.00 on Monday. The business’s fifty day simple moving average is $15.48 and its 200 day simple moving average is $15.83. The company has a current ratio of 4.36, a quick ratio of 3.80 and a debt-to-equity ratio of 0.11. Tactile Systems Technology, Inc. has a 12 month low of $11.12 and a 12 month high of $21.10. The firm has a market capitalization of $306.61 million, a P/E ratio of 18.57 and a beta of 1.24.

Tactile Systems Technology (NASDAQ:TCMD) last released its earnings results on Tuesday, February 18th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.09. The company had revenue of $85.59 million for the quarter, compared to analysts’ expectations of $85.39 million. Tactile Systems Technology had a return on equity of 9.37% and a net margin of 5.79%. As a group, analysts anticipate that Tactile Systems Technology, Inc. will post 0.7 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TCMD shares. B. Riley downgraded shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $23.00 to $18.00 in a report on Wednesday, February 19th. StockNews.com cut shares of Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday.

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.