Strs Ohio holds an $871,000 stake in International Game Technology PLC (NYSE:IGT)
Strs Ohio increased its position in shares of International Game Technology PLC (New York Stock Exchange: IGT – Get a rating) by 26.1% in Q1, according to the company in its latest filing with the Securities and Exchange Commission (SEC). The fund held 35,300 shares of the company after buying an additional 7,300 shares during the quarter. Strs Ohio’s holdings in International Game Technology were worth $871,000 when it was last filed with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently changed their positions in IGT. Spire Wealth Management acquired a new stake in shares of International Game Technology during Q4, valued at approximately $122,000. Kestra Advisory Services LLC increased its holding in shares of International Game Technology by 1.8% during the 4th quarter. Kestra Advisory Services LLC now owns 26,178 shares of the company valued at $757,000 after purchasing an additional 459 shares in the last quarter. National Bank of Canada FI acquired a new stake in International Game Technology in the 4th quarter worth approximately $60,000. Janney Montgomery Scott LLC increased its holdings in International Game Technology by 1,330.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 345,009 shares of the company worth $9,974,000 after purchasing an additional 320,884 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in International Game Technology in Q4 worth approximately $1,040,000. Institutional investors and hedge funds own 44.33% of the company’s shares.
Several equity research analysts have weighed in on the company recently. Jefferies Financial Group upgraded International Game Technology from a “hold” rating to a “buy” rating and reduced its target price for the stock from $30.00 to $26.00 in a Thursday, May 12 report . StockNews.com upgraded International Game Technology from a “hold” rating to a “buy” rating in a Wednesday, June 15 report. Finally, Deutsche Bank Aktiengesellschaft cut its price target on International Game Technology from $37.00 to $35.00 and set a “buy” rating for the company in a report released Thursday. Six equity research analysts rated the stock with a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $40.40.
Shares of IGT share opened at $16.87 on Friday. International Game Technology PLC has a 12-month low of $16.46 and a 12-month high of $32.95. The company has a market capitalization of $3.44 billion, a PE ratio of 7.40 and a beta of 1.91. The stock has a 50-day moving average of $19.83 and a 200-day moving average of $23.84. The company has a quick ratio of 1.33, a current ratio of 1.43 and a debt ratio of 3.51.
International game technology (New York Stock Exchange: IGT – Get a rating) last released its quarterly results on Tuesday, May 10. The company reported EPS of $0.39 for the quarter, beating analyst consensus estimates of $0.34 by $0.05. International Game Technology achieved a return on equity of 3.35% and a net margin of 11.37%. The company posted revenue of $1.05 billion in the quarter, compared to analysts’ estimates of $1.04 billion. During the same period of the previous year, the company made earnings per share of $0.38. The company’s quarterly revenue increased by 3.5% compared to the same quarter last year. As a group, stock analysts predict that International Game Technology PLC will post EPS of 1.4 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 7. Shareholders of record on Tuesday, May 24 received a dividend of $0.20 per share. This represents a dividend of $0.80 on an annualized basis and a dividend yield of 4.74%. The ex-dividend date was Monday, May 23. International Game Technology’s dividend payout ratio is currently 35.09%.
About International Gaming Technology (Get a rating)
International Game Technology PLC operates and provides game 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 the 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.
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