Victory Capital Management Inc. Buys 36,643 Shares of International Game Technology PLC (NYSE:IGT)
Posted by admin on Aug 5th, 2022
Victory Capital Management Inc. lifted its stake in International Game Technology PLC (NYSE:IGT – Get Rating) by 4.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 785,664 shares of the company’s stock after acquiring an additional 36,643 shares during the quarter. Victory Capital Management Inc.’s holdings in International Game Technology were worth $19,390,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Calamos Advisors LLC bought a new stake in shares of International Game Technology in the first quarter worth approximately $3,114,000. Rockefeller Capital Management L.P. grew its position in International Game Technology by 1,028.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 7,468 shares of the company’s stock valued at $215,000 after buying an additional 6,806 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its position in International Game Technology by 7.1% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 16,211 shares of the company’s stock valued at $469,000 after buying an additional 1,079 shares during the period. 140 Summer Partners LP grew its position in International Game Technology by 164.4% during the fourth quarter. 140 Summer Partners LP now owns 2,556,259 shares of the company’s stock valued at $73,901,000 after buying an additional 1,589,548 shares during the period. Finally, Lazard Asset Management LLC grew its position in International Game Technology by 16.1% during the fourth quarter. Lazard Asset Management LLC now owns 5,986,714 shares of the company’s stock valued at $173,074,000 after buying an additional 828,482 shares during the period. 44.33% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. StockNews.com lowered shares of International Game Technology from a “buy” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus lowered their price target on shares of International Game Technology from $36.00 to $26.00 in a report on Monday. Truist Financial lowered their price target on shares of International Game Technology from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, July 20th. Jefferies Financial Group raised shares of International Game Technology from a “hold” rating to a “buy” rating and lowered their price target for the company from $30.00 to $26.00 in a report on Thursday, May 12th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of International Game Technology from $35.00 to $30.00 in a report on Wednesday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $35.00.
International Game Technology Price Performance
IGT stock opened at $20.54 on Friday. International Game Technology PLC has a one year low of $16.46 and a one year high of $32.95. The company’s fifty day moving average price is $19.44 and its 200-day moving average price is $22.85. The company has a debt-to-equity ratio of 3.53, a quick ratio of 1.33 and a current ratio of 1.56. The company has a market capitalization of $4.18 billion, a PE ratio of 26.68 and a beta of 1.83.
International Game Technology (NYSE:IGT – Get Rating) last released its earnings results on Tuesday, May 10th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.34 by $0.05. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. International Game Technology had a net margin of 3.87% and a return on equity of 14.56%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 earnings per share. On average, equities analysts anticipate that International Game Technology PLC will post 1.2 EPS for the current fiscal year.
International Game Technology Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 30th. Investors of record on Tuesday, August 16th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend is Monday, August 15th. International Game Technology’s payout ratio is 103.90%.
About International Game Technology
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.
Read More
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