Deprince Race & Zollo Inc. Grows Stock Holdings in International Game Technology PLC (NYSE:IGT)

Deprince Race & Zollo Inc. boosted its position in International Game Technology PLC (NYSE:IGT - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,783,234 shares of the company's stock after buying an additional 98,502 shares during the period. International Game Technology makes up 1.0% of Deprince Race & Zollo Inc.'s holdings, making the stock its 25th biggest holding. Deprince Race & Zollo Inc. owned about 1.40% of International Game Technology worth $49,152,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of International Game Technology during the 4th quarter valued at about $45,000. Sterling Capital Management LLC grew its position in shares of International Game Technology by 782.5% during the 4th quarter. Sterling Capital Management LLC now owns 3,124 shares of the company's stock worth $55,000 after buying an additional 2,770 shares during the period. Quarry LP increased its stake in shares of International Game Technology by 103.9% in the 4th quarter. Quarry LP now owns 6,185 shares of the company's stock valued at $109,000 after acquiring an additional 3,151 shares in the last quarter. Cibc World Markets Corp acquired a new position in shares of International Game Technology during the 4th quarter valued at $188,000. Finally, Summit Investment Advisors Inc. lifted its position in shares of International Game Technology by 5.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 11,903 shares of the company's stock valued at $210,000 after acquiring an additional 655 shares during the period. Institutional investors own 44.33% of the company's stock.

International Game Technology Stock Down 0.2 %

IGT stock traded down $0.04 during mid-day trading on Friday, reaching $17.23. 943,362 shares of the company traded hands, compared to its average volume of 1,175,787. The company has a quick ratio of 2.31, a current ratio of 2.36 and a debt-to-equity ratio of 2.85. The firm's 50 day moving average price is $16.43 and its 200 day moving average price is $17.71. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 28.72 and a beta of 1.61. International Game Technology PLC has a fifty-two week low of $13.81 and a fifty-two week high of $24.13.

International Game Technology (NYSE:IGT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.10). International Game Technology had a return on equity of 16.17% and a net margin of 4.17%. The company had revenue of $651.00 million for the quarter, compared to the consensus estimate of $657.84 million. During the same quarter last year, the company posted $0.56 EPS. The company's quarterly revenue was down 4.4% compared to the same quarter last year. As a group, equities research analysts predict that International Game Technology PLC will post 1.24 EPS for the current fiscal year.

International Game Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.64%. The ex-dividend date of this dividend was Tuesday, March 11th. International Game Technology's dividend payout ratio (DPR) is presently 46.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on IGT shares. Stifel Nicolaus decreased their price target on shares of International Game Technology from $26.00 to $22.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. StockNews.com downgraded International Game Technology from a "buy" rating to a "hold" rating in a research note on Monday, April 14th. Finally, Truist Financial reduced their price objective on International Game Technology from $20.00 to $18.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.75.

About International Game Technology

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.