Raymond James Financial Inc. bought a new position in shares of International Game Technology PLC (NYSE:IGT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 35,671 shares of the company's stock, valued at approximately $630,000.
Other large investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of International Game Technology during the fourth quarter worth approximately $45,000. Cibc World Markets Corp purchased a new stake in International Game Technology in the 4th quarter valued at about $188,000. Victory Capital Management Inc. boosted its position in shares of International Game Technology by 4.2% during the 4th quarter. Victory Capital Management Inc. now owns 15,519 shares of the company's stock worth $274,000 after purchasing an additional 622 shares during the period. Van ECK Associates Corp raised its holdings in shares of International Game Technology by 5.1% in the 4th quarter. Van ECK Associates Corp now owns 23,749 shares of the company's stock valued at $419,000 after buying an additional 1,145 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of International Game Technology by 17.4% during the fourth quarter. Legal & General Group Plc now owns 24,560 shares of the company's stock worth $434,000 after purchasing an additional 3,648 shares in the last quarter. 44.33% of the stock is currently owned by institutional investors and hedge funds.
International Game Technology Stock Performance
Shares of International Game Technology stock traded down $0.04 on Friday, hitting $17.23. The stock had a trading volume of 943,362 shares, compared to its average volume of 1,174,294. The company's 50 day moving average price is $16.43 and its 200 day moving average price is $17.73. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 28.72 and a beta of 1.61. 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 52-week low of $13.81 and a 52-week high of $24.13.
International Game Technology (NYSE:IGT - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.10). The business had revenue of $651.00 million during the quarter, compared to analyst estimates of $657.84 million. International Game Technology had a net margin of 4.17% and a return on equity of 16.17%. The business's revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.56 earnings per share. On average, research analysts anticipate that International Game Technology PLC will post 1.24 EPS for the current year.
International Game Technology Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were paid 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 is presently 46.78%.
Wall Street Analyst Weigh In
Several brokerages have weighed in on IGT. StockNews.com downgraded International Game Technology from a "buy" rating to a "hold" rating in a report on Monday, April 14th. Truist Financial lowered their target price on shares of 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. Finally, Stifel Nicolaus cut 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. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $25.75.
Read Our Latest Report on IGT
About International Game Technology
(
Free Report)
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.
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