Money Concepts Capital Corp Sells 32,452 Shares of Daktronics, Inc. $DAKT

Money Concepts Capital Corp cut its holdings in shares of Daktronics, Inc. (NASDAQ:DAKT) by 22.4% during the third quarter, Holdings Channel reports. The fund owned 112,248 shares of the technology company’s stock after selling 32,452 shares during the period. Money Concepts Capital Corp’s holdings in Daktronics were worth $2,348,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of DAKT. State of Wyoming grew its holdings in shares of Daktronics by 76.9% during the third quarter. State of Wyoming now owns 22,647 shares of the technology company’s stock worth $474,000 after purchasing an additional 9,846 shares during the last quarter. Retirement Solution LLC acquired a new position in Daktronics during the 3rd quarter worth about $209,000. AlphaQuest LLC grew its holdings in Daktronics by 82.4% during the 3rd quarter. AlphaQuest LLC now owns 17,189 shares of the technology company’s stock worth $360,000 after acquiring an additional 7,764 shares during the last quarter. New York State Common Retirement Fund increased its position in Daktronics by 23.9% in the 3rd quarter. New York State Common Retirement Fund now owns 12,421 shares of the technology company’s stock valued at $260,000 after acquiring an additional 2,400 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Daktronics by 38.8% in the third quarter. Federated Hermes Inc. now owns 102,266 shares of the technology company’s stock worth $2,139,000 after acquiring an additional 28,612 shares during the last quarter. Institutional investors own 61.69% of the company’s stock.

Daktronics Stock Up 1.8%

NASDAQ:DAKT opened at $23.56 on Tuesday. Daktronics, Inc. has a 12-month low of $10.24 and a 12-month high of $24.38. The company has a quick ratio of 1.71, a current ratio of 2.23 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $1.15 billion, a P/E ratio of 181.24, a P/E/G ratio of 0.68 and a beta of 1.72. The stock’s fifty day simple moving average is $20.04 and its 200-day simple moving average is $19.19.

Daktronics (NASDAQ:DAKT) last issued its earnings results on Wednesday, December 10th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. The firm had revenue of $229.25 million for the quarter, compared to analysts’ expectations of $213.93 million. Daktronics had a return on equity of 15.42% and a net margin of 0.96%.During the same quarter last year, the business earned $0.27 earnings per share. Equities research analysts expect that Daktronics, Inc. will post 0.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DAKT. Zacks Research raised shares of Daktronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Daktronics in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

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.