Wellington Management Group LLP Has $23.07 Million Holdings in International Game Technology PLC (NYSE:IGT)

Wellington Management Group LLP decreased its holdings in shares of International Game Technology PLC (NYSE:IGT - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,306,139 shares of the company's stock after selling 79,231 shares during the quarter. Wellington Management Group LLP owned approximately 0.65% of International Game Technology worth $23,066,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of IGT. Quantinno Capital Management LP acquired a new stake in shares of International Game Technology during the 4th quarter worth approximately $291,000. Norges Bank bought a new position in International Game Technology during the 4th quarter worth $25,616,000. Massachusetts Financial Services Co. MA increased its position in International Game Technology by 10.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,578,432 shares of the company's stock worth $151,495,000 after buying an additional 787,543 shares during the period. Deutsche Bank AG lifted its stake in International Game Technology by 9.3% in the fourth quarter. Deutsche Bank AG now owns 446,731 shares of the company's stock valued at $7,889,000 after buying an additional 38,027 shares during the last quarter. Finally, Fox Run Management L.L.C. lifted its stake in International Game Technology by 283.6% in the fourth quarter. Fox Run Management L.L.C. now owns 71,033 shares of the company's stock valued at $1,254,000 after buying an additional 52,516 shares during the last quarter. Institutional investors and hedge funds own 44.33% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on IGT. Stifel Nicolaus reaffirmed a "buy" rating and issued a $20.00 price objective (down previously from $22.00) on shares of International Game Technology in a report on Wednesday, May 21st. Truist Financial dropped their price target on shares of International Game Technology from $20.00 to $18.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Wall Street Zen cut International Game Technology from a "buy" rating to a "hold" rating in a report on Monday, April 14th. Susquehanna reissued a "positive" rating and issued a $25.00 price objective (down from $30.00) on shares of International Game Technology in a report on Wednesday, May 14th. Finally, Argus downgraded International Game Technology from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, International Game Technology has a consensus rating of "Moderate Buy" and a consensus price target of $23.25.

International Game Technology Price Performance

Shares of NYSE:IGT traded up $0.02 during trading on Wednesday, reaching $14.57. The company had a trading volume of 2,818,898 shares, compared to its average volume of 1,296,691. International Game Technology PLC has a twelve month low of $13.81 and a twelve month high of $24.13. The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.31 and a current ratio of 2.36. The firm has a market capitalization of $2.94 billion, a PE ratio of 24.28 and a beta of 1.61. The firm's fifty day moving average is $15.90 and its 200 day moving average is $17.09.

International Game Technology (NYSE:IGT - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.05). The firm had revenue of $583.00 million for the quarter, compared to analyst estimates of $630.30 million. International Game Technology had a net margin of 4.17% and a return on equity of 16.17%. The firm's revenue for the quarter was down 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 earnings per share. On average, equities analysts forecast that International Game Technology PLC will post 1.24 EPS for the current year.

International Game Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date is Thursday, May 29th. International Game Technology's payout ratio is 55.56%.

International Game Technology Company Profile

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.