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

Northern Trust Corp raised its holdings in shares of International Game Technology PLC (NYSE:IGT - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 969,560 shares of the company's stock after purchasing an additional 18,775 shares during the period. Northern Trust Corp owned 0.49% of International Game Technology worth $17,122,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of IGT. Norges Bank acquired a new stake in shares of International Game Technology during the fourth quarter worth $25,616,000. T. Rowe Price Investment Management Inc. acquired a new position in shares of International Game Technology in the 4th quarter valued at $19,453,000. Massachusetts Financial Services Co. MA raised its stake in International Game Technology by 10.1% during the 4th 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. Orvieto Partners L.P. bought a new stake in International Game Technology in the 4th quarter valued at $8,292,000. Finally, Antara Capital LP lifted its stake in International Game Technology by 575.7% in the 4th quarter. Antara Capital LP now owns 400,000 shares of the company's stock valued at $7,064,000 after acquiring an additional 340,800 shares in the last quarter. 44.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on IGT. Stifel Nicolaus dropped their price target on International Game Technology from $26.00 to $22.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Susquehanna restated a "positive" rating and set a $25.00 target price (down previously from $30.00) on shares of International Game Technology in a research note on Wednesday, May 14th. StockNews.com lowered shares of 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 report on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $23.75.

International Game Technology Price Performance

International Game Technology stock traded down $0.23 during mid-day trading on Tuesday, reaching $15.84. The company had a trading volume of 426,199 shares, compared to its average volume of 1,233,475. The business has a fifty day simple moving average of $16.34 and a 200 day simple moving average of $17.51. 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 PLC has a fifty-two week low of $13.81 and a fifty-two week high of $24.13. The company has a market cap of $3.20 billion, a P/E ratio of 26.34 and a beta of 1.61.

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

International Game Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date is Thursday, May 29th. International Game Technology's dividend payout ratio (DPR) 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.