SG Americas Securities LLC Acquires 5,598 Shares of International Game Technology PLC (NYSE:IGT)

Posted by Defense World Staff on Aug 7th, 2023

SG Americas Securities LLC boosted its holdings in International Game Technology PLC (NYSE:IGT – Free Report) by 83.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,314 shares of the company’s stock after acquiring an additional 5,598 shares during the period. SG Americas Securities LLC’s holdings in International Game Technology were worth $330,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in IGT. Parkside Financial Bank & Trust grew its holdings in International Game Technology by 84.9% in the 1st quarter. Parkside Financial Bank & Trust now owns 1,163 shares of the company’s stock valued at $29,000 after buying an additional 534 shares in the last quarter. Penserra Capital Management LLC grew its holdings in International Game Technology by 50.0% in the 1st quarter. Penserra Capital Management LLC now owns 1,554 shares of the company’s stock valued at $41,000 after buying an additional 518 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of International Game Technology in the first quarter worth $49,000. IFP Advisors Inc increased its position in shares of International Game Technology by 34.2% in the fourth quarter. IFP Advisors Inc now owns 1,899 shares of the company’s stock worth $60,000 after purchasing an additional 484 shares during the period. Finally, CoreCap Advisors LLC bought a new position in shares of International Game Technology in the fourth quarter worth $64,000. Institutional investors own 44.33% of the company’s stock.

International Game Technology Stock Performance

Shares of IGT stock opened at $32.50 on Monday. The business’s 50-day moving average price is $30.94 and its 200-day moving average price is $27.94. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 2.95. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 24.62 and a beta of 1.93. International Game Technology PLC has a 12 month low of $15.01 and a 12 month high of $33.99.

International Game Technology (NYSE:IGT – Get Free Report) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. International Game Technology had a return on equity of 27.29% and a net margin of 6.30%. Equities research analysts forecast that International Game Technology PLC will post 1.77 EPS for the current year.

International Game Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Tuesday, August 15th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Monday, August 14th. International Game Technology’s dividend payout ratio is currently 60.61%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Susquehanna raised their price target on International Game Technology from $49.00 to $54.00 and gave the stock a “positive” rating in a research report on Wednesday, August 2nd. Truist Financial lifted their target price on International Game Technology from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus lifted their target price on International Game Technology from $32.00 to $38.00 in a research report on Monday, June 26th. StockNews.com cut International Game Technology from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, B. Riley started coverage on International Game Technology in a research note on Thursday, April 20th. They set a “buy” rating and a $43.00 price target on the stock. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $45.17.

International Game Technology Profile

(Free Report)

International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. 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.