Victory Capital Management Inc. buys 36,643 shares of International Game Technology PLC (NYSE:IGT)


Victory Capital Management Inc. increased its stake in International Game Technology PLC (New York Stock Exchange: IGTGet a rating) by 4.9% in the first quarter, according to its most recent Form 13F filed with the Securities & Exchange Commission. The company held 785,664 shares of the company 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 when it last filed with the Securities & Exchange Commission.

Other major investors have also recently changed their positions in the company. Calamos Advisors LLC purchased a new stake in shares of International Game Technology in the first quarter for a value of approximately $3,114,000. Rockefeller Capital Management LP increased its position in International Game Technology by 1,028.1% during the fourth quarter. Rockefeller Capital Management LP now owns 7,468 shares of the company valued at $215,000 after purchasing an additional 6,806 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased 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 valued at $469,000 after purchasing an additional 1,079 shares during the period. 140 Summer Partners LP increased 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 valued at $73,901,000 after purchasing an additional 1,589,548 shares during the period. Finally, Lazard Asset Management LLC increased 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 valued at $173,074,000 after purchasing an additional 828,482 shares during the period. 44.33% of the shares are currently held by institutional investors.

Changes to analyst ratings

Several analysts have recently released reports on the stock. StockNews.com downgraded shares of International Game Technology from a “buy” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus lowered his price target on shares of International Game Technology from $36.00 to $26.00 in a report on Monday. Truist Financial lowered its price target on shares of International Game Technology from $36.00 to $30.00 and set a “buy” rating on the stock in a Wednesday, July 20 report. Jefferies Financial Group moved shares of International Game Technology from a “hold” rating to a “buy” rating and lowered its price target for the company from $30.00 to $26.00 in a report from the Thursday May 12. Finally, Deutsche Bank Aktiengesellschaft lowered its 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 assigned the stock a buy rating. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $35.00.

International Gaming Technology Awards Performance

IGT share 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 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 (New York Stock Exchange: IGTGet a rating) last released its results on Tuesday, May 10. The company reported EPS of $0.39 for the quarter, beating the consensus estimate of $0.34 by $0.05. The company posted revenue of $1.05 billion for the quarter, versus a consensus estimate of $1.04 billion. International Game Technology achieved a net margin of 3.87% and a return on equity of 14.56%. The company’s quarterly revenue increased by 3.5% compared to the same quarter last year. In the same quarter a year earlier, the company earned earnings per share of $0.38. On average, stock analysts expect International Game Technology PLC to post EPS of 1.2 for the current fiscal year.

International Game Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 30. Investors of record on Tuesday, August 16 will receive a dividend of $0.20 per share. This represents a dividend of $0.80 on an annualized basis and a yield of 3.89%. The ex-dividend date is Monday, August 15. International Game Technology’s payout rate is 103.90%.

About International Gaming Technology

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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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Institutional ownership by quarter for International Game Technology (NYSE:IGT)



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