International Game Technology PLC (NYSE:IGT) Shares Purchased by Northern Trust Corp

Northern Trust Corp boosted its stake in shares of International Game Technology PLC (NYSE:IGT - Free Report) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 969,560 shares of the company's stock after buying an additional 18,775 shares during the period. Northern Trust Corp owned 0.49% of International Game Technology worth $17,122,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Quarry LP lifted its stake in International Game Technology by 103.9% during the 4th quarter. Quarry LP now owns 6,185 shares of the company's stock worth $109,000 after acquiring an additional 3,151 shares in the last quarter. Aquatic Capital Management LLC lifted its stake in International Game Technology by 14.8% during the 4th quarter. Aquatic Capital Management LLC now owns 61,785 shares of the company's stock worth $1,091,000 after acquiring an additional 7,985 shares in the last quarter. Nebula Research & Development LLC lifted its stake in International Game Technology by 70.9% during the 4th quarter. Nebula Research & Development LLC now owns 45,605 shares of the company's stock worth $805,000 after acquiring an additional 18,913 shares in the last quarter. Antara Capital LP lifted its stake in International Game Technology by 575.7% during the 4th quarter. Antara Capital LP now owns 400,000 shares of the company's stock worth $7,064,000 after acquiring an additional 340,800 shares in the last quarter. Finally, Voya Investment Management LLC lifted its stake in International Game Technology by 23.0% during the 4th quarter. Voya Investment Management LLC now owns 183,984 shares of the company's stock worth $3,249,000 after acquiring an additional 34,362 shares in the last quarter. Institutional investors and hedge funds own 44.33% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. StockNews.com lowered International Game Technology from a "buy" rating to a "hold" rating in a research note on Monday, April 14th. Truist Financial reduced their price target on International Game Technology from $20.00 to $18.00 and set a "hold" rating on the stock in a research report on Wednesday, April 23rd. Susquehanna reaffirmed a "positive" rating and issued a $25.00 price target (down previously from $30.00) on shares of International Game Technology in a research report on Wednesday. Finally, Stifel Nicolaus reduced their price target on International Game Technology from $26.00 to $22.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $23.75.

International Game Technology Stock Up 1.5%

Shares of IGT traded up $0.25 during mid-day trading on Friday, reaching $16.88. The company's stock had a trading volume of 2,476,902 shares, compared to its average volume of 1,226,119. International Game Technology PLC has a 12-month low of $13.81 and a 12-month high of $24.13. The stock has a market cap of $3.41 billion, a PE ratio of 28.13 and a beta of 1.61. The company has a debt-to-equity ratio of 2.85, a current ratio of 2.36 and a quick ratio of 2.31. The company's 50 day moving average is $16.35 and its 200 day moving average is $17.59.

International Game Technology (NYSE:IGT - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.05). International Game Technology had a net margin of 4.17% and a return on equity of 16.17%. The business had revenue of $583.00 million during the quarter, compared to analysts' expectations of $630.30 million. Equities analysts anticipate that International Game Technology PLC will post 1.24 EPS for the current fiscal year.

International Game Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th will be issued a $0.20 dividend. The ex-dividend date is Thursday, May 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.74%. International Game Technology's payout ratio is currently 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.