International Game Technology PLC (NYSE:IGT) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp increased its holdings in shares of International Game Technology PLC (NYSE:IGT - Free Report) by 56.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,161 shares of the company's stock after purchasing an additional 31,982 shares during the period. Stifel Financial Corp's holdings in International Game Technology were worth $1,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IGT. Massachusetts Financial Services Co. MA lifted its stake in shares of International Game Technology by 10.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,578,432 shares of the company's stock valued at $151,495,000 after purchasing an additional 787,543 shares during the period. Norges Bank acquired a new position in shares of International Game Technology in the fourth quarter worth about $25,616,000. Vanguard Group Inc. grew its position in shares of International Game Technology by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 1,328,460 shares of the company's stock valued at $23,461,000 after acquiring an additional 29,780 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of International Game Technology by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,163,601 shares of the company's stock valued at $20,549,000 after purchasing an additional 31,408 shares in the last quarter. Finally, Peregrine Capital Management LLC raised its holdings in International Game Technology by 1.7% in the 4th quarter. Peregrine Capital Management LLC now owns 640,864 shares of the company's stock worth $11,318,000 after purchasing an additional 10,901 shares during the period. 44.33% of the stock is currently owned by institutional investors and hedge funds.

International Game Technology Price Performance

Shares of International Game Technology stock traded down $0.04 during trading hours on Friday, reaching $17.23. 943,362 shares of the company's stock were exchanged, compared to its average volume of 1,175,787. The business has a fifty day moving average of $16.43 and a two-hundred day moving average of $17.71. The company has a market capitalization of $3.48 billion, a P/E ratio of 28.72 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. International Game Technology PLC has a 1 year low of $13.81 and a 1 year high of $24.13.

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 for the quarter, missing the consensus estimate 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 company had revenue of $651.00 million for the quarter, compared to analyst estimates of $657.84 million. During the same quarter in the prior year, the firm earned $0.56 earnings per share. The company's revenue for the quarter was down 4.4% on a year-over-year basis. As a group, research analysts predict that International Game Technology PLC will post 1.24 earnings per share for the current fiscal year.

International Game Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date of this dividend was Tuesday, March 11th. International Game Technology's payout ratio is 46.78%.

Analyst Upgrades and Downgrades

Several brokerages have commented on IGT. Truist Financial dropped their price objective on International Game Technology from $20.00 to $18.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Stifel Nicolaus cut their price target on shares of International Game Technology from $26.00 to $22.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, StockNews.com downgraded shares of International Game Technology from a "buy" rating to a "hold" rating in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.75.

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.