Janney Montgomery Scott LLC lowered its stake in shares of International Game Technology PLC (NYSE:IGT – Free Report) by 33.3% in the course of the fourth quarter, in response to the corporate in its most up-to-date disclosure with the Securities & Alternate Fee. The institutional investor owned 106,470 shares of the corporate’s inventory after promoting 53,211 shares in the course of the quarter. Janney Montgomery Scott LLC owned about 0.05% of International Game Technology value $2,918,000 on the finish of the newest reporting interval.
Different institutional buyers and hedge funds have additionally not too long ago purchased and bought shares of the corporate. Venturi Wealth Administration LLC acquired a brand new place in shares of International Game Technology in the course of the fourth quarter valued at roughly $25,000. Highlander Capital Administration LLC acquired a brand new place in shares of International Game Technology within the fourth quarter value about $27,000. Huntington Nationwide Financial institution elevated its place in shares of International Game Technology by 113.2% within the third quarter. Huntington Nationwide Financial institution now owns 921 shares of the corporate’s inventory value $28,000 after buying a further 489 shares within the final quarter. VisionPoint Advisory Group LLC acquired a brand new stake in shares of International Game Technology in the course of the fourth quarter valued at roughly $38,000. Lastly, Altfest L J & Co. Inc. bought a brand new stake in shares of International Game Technology within the 4th quarter valued at roughly $203,000. Institutional buyers personal 44.33% of the corporate’s inventory.
Wall Avenue Analysts Forecast Development
A number of analysis companies have weighed in on IGT. Susquehanna lowered their value goal on shares of International Game Technology from $40.00 to $33.00 and set a “optimistic” score on the inventory in a analysis report on Thursday, Could sixteenth. StockNews.com lowered International Game Technology from a “strong-buy” score to a “purchase” score in a analysis report on Monday, Could thirteenth. B. Riley began protection on International Game Technology in a analysis report on Friday, April fifth. They set a “purchase” score and a $30.00 value goal for the corporate. Argus dropped their goal value on International Game Technology from $30.00 to $27.00 and set a “purchase” score on the inventory in a report on Wednesday, March thirteenth. Lastly, Stifel Nicolaus restated a “maintain” score and set a $24.00 value goal on shares of International Game Technology in a report on Wednesday, Could fifteenth. Three equities analysis analysts have rated the inventory with a maintain score and 4 have given a purchase score to the corporate. Primarily based on information from MarketBeat, the inventory presently has a consensus score of “Reasonable Purchase” and a mean value goal of $27.67.
Check Out Our Latest Stock Report on International Game Technology
International Game Technology Worth Efficiency
NYSE IGT opened at $19.67 on Friday. The corporate has a debt-to-equity ratio of two.59, a present ratio of 0.80 and a fast ratio of 0.67. The agency has a market cap of $3.91 billion, a P/E ratio of 18.73 and a beta of 1.94. The inventory’s 50-day shifting common is $20.70 and its two-hundred day shifting common is $24.36. International Game Technology PLC has a fifty-two week low of $19.48 and a fifty-two week excessive of $33.99.
International Game Technology (NYSE:IGT – Get Free Report) final introduced its earnings outcomes on Tuesday, Could 14th. The corporate reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.17. International Game Technology had a return on fairness of 20.84% and a internet margin of 4.98%. The agency had income of $1.07 billion in the course of the quarter, in comparison with analysts’ expectations of $1.03 billion. Throughout the identical quarter within the prior 12 months, the enterprise earned $0.49 earnings per share. The corporate’s income was up .7% on a year-over-year foundation. On common, analysts anticipate that International Game Technology PLC will submit 1.53 earnings per share for the present fiscal 12 months.
International Game Technology Dividend Announcement
The corporate additionally not too long ago introduced a quarterly dividend, which might be paid on Thursday, June thirteenth. Traders of report on Thursday, Could thirtieth might be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, Could thirtieth. This represents a $0.80 dividend on an annualized foundation and a yield of 4.07%. International Game Technology’s payout ratio is presently 76.19%.
International Game Technology Profile
International Game Technology PLC operates and supplies gaming know-how services and products in america, Canada, Italy, The UK, remainder of Europe, and internationally. It operates via three segments: World Lottery, World Gaming, and PlayDigital. The corporate designs, sells, operates, and leases a collection of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; supplies on-line lottery transaction processing methods; produces on the spot ticket video games; and affords printing providers, reminiscent of on the spot ticket advertising and marketing plans and graphic design, programming, packaging, delivery, and supply providers, in addition to iLottery options and providers.
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