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

Blair William & Co. IL cut its stake in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 280,791 shares of the company’s stock after selling 9,063 shares during the period. Blair William & Co. IL owned about 1.17% of Tactile Systems Technology worth $4,810,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Tactile Systems Technology by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 1,483,692 shares of the company’s stock worth $25,416,000 after acquiring an additional 4,509 shares during the last quarter. Wasatch Advisors LP grew its holdings in shares of Tactile Systems Technology by 9.8% during the third quarter. Wasatch Advisors LP now owns 727,194 shares of the company’s stock worth $10,624,000 after purchasing an additional 64,684 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Tactile Systems Technology by 1.5% during the third quarter. Geode Capital Management LLC now owns 558,667 shares of the company’s stock worth $8,164,000 after purchasing an additional 8,422 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Tactile Systems Technology by 8.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 127,175 shares of the company’s stock valued at $1,858,000 after buying an additional 9,485 shares during the period. Finally, FMR LLC raised its holdings in Tactile Systems Technology by 28.1% in the 3rd quarter. FMR LLC now owns 79,348 shares of the company’s stock valued at $1,159,000 after buying an additional 17,393 shares during the last quarter. 83.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Tactile Systems Technology Price Performance

Tactile Systems Technology stock opened at $13.00 on Monday. The stock’s 50 day moving average is $15.48 and its 200 day moving average is $15.83. Tactile Systems Technology, Inc. has a one year low of $11.12 and a one year high of $21.10. The firm has a market cap of $306.61 million, a P/E ratio of 18.57 and a beta of 1.24. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.36 and a quick ratio of 3.80.

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

Insider Activity at Tactile Systems Technology

In related news, VP Kristie Burns sold 4,830 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $14.65, for a total transaction of $70,759.50. Following the sale, the vice president now owns 84,008 shares in the company, valued at $1,230,717.20. This represents a 5.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Elaine M. Birkemeyer sold 3,778 shares of Tactile Systems Technology stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $14.70, for a total value of $55,536.60. Following the completion of the sale, the chief financial officer now owns 104,098 shares of the company’s stock, valued at approximately $1,530,240.60. The trade was a 3.50 % decrease in their ownership of the stock. 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 quarter. Company insiders own 0.96% of the company’s stock.

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.