Capital Fund Management S.A. reduced its stake in shares of International Game Technology PLC (NYSE:IGT - Free Report) by 32.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 74,251 shares of the company's stock after selling 35,878 shares during the period. Capital Fund Management S.A.'s holdings in International Game Technology were worth $1,311,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its position in International Game Technology by 22.2% in the third quarter. Stifel Financial Corp now owns 56,179 shares of the company's stock valued at $1,197,000 after purchasing an additional 10,193 shares during the last quarter. State Street Corp grew its stake in shares of International Game Technology by 1.0% in the third quarter. State Street Corp now owns 2,103,275 shares of the company's stock worth $44,800,000 after purchasing an additional 21,295 shares during the last quarter. Barclays PLC raised its position in International Game Technology by 49.1% during the 3rd quarter. Barclays PLC now owns 291,626 shares of the company's stock valued at $6,212,000 after purchasing an additional 96,019 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of International Game Technology by 2.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 56,048 shares of the company's stock worth $990,000 after buying an additional 1,442 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of International Game Technology during the fourth quarter valued at approximately $45,000. Institutional investors own 44.33% of the company's stock.
International Game Technology Stock Down 1.1 %
Shares of International Game Technology stock traded down $0.17 during trading on Monday, hitting $15.89. 172,798 shares of the stock traded hands, compared to its average volume of 1,169,079. International Game Technology PLC has a 52-week low of $13.81 and a 52-week high of $24.13. The stock's fifty day simple moving average is $16.76 and its 200 day simple moving average is $18.09. The firm has a market cap of $3.21 billion, a P/E ratio of 26.53 and a beta of 1.66. The company has a current ratio of 2.36, a quick ratio of 2.31 and a debt-to-equity ratio of 2.85.
International Game Technology (NYSE:IGT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.10). The business had revenue of $651.00 million during the quarter, compared to the consensus estimate of $657.84 million. International Game Technology had a net margin of 4.17% and a return on equity of 16.17%. The company's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 EPS. On average, equities analysts predict that International Game Technology PLC will post 1.24 earnings per share for the current fiscal year.
International Game Technology Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.80 annualized dividend and a yield of 5.03%. International Game Technology's dividend payout ratio (DPR) is presently 46.78%.
Analyst Ratings Changes
A number of analysts have recently weighed in on IGT shares. Truist Financial reduced their target price on shares of International Game Technology from $23.00 to $20.00 and set a "hold" rating on the stock in a research report on Tuesday, January 14th. StockNews.com lowered International Game Technology from a "buy" rating to a "hold" rating in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $28.25.
Check Out Our Latest Stock Report on IGT
About International Game Technology
(
Free Report)
International Game Technology PLC operates and provides gaming technology products and services in the United States, Canada, Italy, The United Kingdom, rest of Europe, and internationally. It operates through three segments: Global Lottery, Global Gaming, and PlayDigital. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services, as well as iLottery solutions and services.
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