Barclays PLC Sells 98,349 Shares of International Game Technology PLC (NYSE:IGT)

Barclays PLC trimmed its stake in shares of International Game Technology PLC (NYSE:IGT - Free Report) by 33.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 193,277 shares of the company's stock after selling 98,349 shares during the quarter. Barclays PLC owned about 0.10% of International Game Technology worth $3,413,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of IGT. Mirae Asset Global Investments Co. Ltd. bought a new stake in International Game Technology during the fourth quarter worth about $45,000. Sterling Capital Management LLC raised its position in shares of International Game Technology by 782.5% in the 4th quarter. Sterling Capital Management LLC now owns 3,124 shares of the company's stock valued at $55,000 after buying an additional 2,770 shares in the last quarter. Cibc World Markets Corp bought a new stake in shares of International Game Technology during the 4th quarter worth approximately $188,000. Summit Investment Advisors Inc. boosted 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 worth $210,000 after acquiring an additional 655 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in International Game Technology by 4.2% in the fourth quarter. Victory Capital Management Inc. now owns 15,519 shares of the company's stock valued at $274,000 after acquiring an additional 622 shares during the last quarter. 44.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IGT has been the subject of several recent analyst reports. Stifel Nicolaus cut their target price on 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 report 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 on the stock in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $25.75.

International Game Technology Price Performance

Shares of NYSE:IGT traded up $0.22 during trading on Friday, hitting $16.64. 800,492 shares of the company were exchanged, compared to its average volume of 1,171,599. International Game Technology PLC has a 1-year low of $13.81 and a 1-year high of $24.13. The company has a market capitalization of $3.36 billion, a P/E ratio of 27.73 and a beta of 1.61. 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 business's 50 day moving average is $16.51 and its 200-day moving average is $17.83.

International Game Technology (NYSE:IGT - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $651.00 million during the quarter, compared to analyst estimates of $657.84 million. During the same period in the previous year, the company earned $0.56 EPS. International Game Technology's revenue for the quarter was down 4.4% on a year-over-year basis. Equities analysts forecast that International Game Technology PLC will post 1.24 earnings per share for the current year.

International Game Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date was Tuesday, March 11th. International Game Technology's payout ratio is 46.78%.

International Game Technology 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.