30,260 Shares in International Game Technology PLC (NYSE:IGT) Bought by Zacks Investment Management

Zacks Investment Management purchased a new stake in International Game Technology PLC (NYSE:IGT - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,260 shares of the company's stock, valued at approximately $645,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IGT. Signaturefd LLC acquired a new stake in International Game Technology during the third quarter worth $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of International Game Technology during the 2nd quarter worth $31,000. Blue Trust Inc. purchased a new position in shares of International Game Technology in the 2nd quarter valued at about $44,000. Industrial Alliance Investment Management Inc. lifted its position in shares of International Game Technology by 100.9% during the 2nd quarter. Industrial Alliance Investment Management Inc. now owns 2,310 shares of the company's stock worth $47,000 after buying an additional 1,160 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of International Game Technology by 156.7% during the second quarter. CWM LLC now owns 2,321 shares of the company's stock worth $47,000 after purchasing an additional 1,417 shares during the last quarter. Institutional investors and hedge funds own 44.33% of the company's stock.

International Game Technology Stock Up 0.2 %

Shares of NYSE:IGT traded up $0.03 during trading on Wednesday, hitting $19.10. The company's stock had a trading volume of 810,114 shares, compared to its average volume of 1,102,567. The company has a market capitalization of $3.80 billion, a PE ratio of 31.83 and a beta of 1.91. International Game Technology PLC has a fifty-two week low of $18.56 and a fifty-two week high of $28.82. The stock's 50-day moving average price is $20.16 and its two-hundred day moving average price is $20.82. The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.31 and a current ratio of 2.36.

International Game Technology (NYSE:IGT - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.24). International Game Technology had a return on equity of 16.17% and a net margin of 4.17%. The company had revenue of $587.00 million during the quarter, compared to analyst estimates of $591.50 million. During the same period in the prior year, the business earned $0.52 earnings per share. International Game Technology's quarterly revenue was down 2.3% on a year-over-year basis. As a group, sell-side analysts expect that International Game Technology PLC will post 1 EPS for the current year.

International Game Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 26th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $0.80 annualized dividend and a dividend yield of 4.19%. International Game Technology's dividend payout ratio (DPR) is presently 133.34%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded International Game Technology from a "hold" rating to a "buy" rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, International Game Technology currently has an average rating of "Moderate Buy" and an average price target of $28.67.

International Game Technology Company Profile

International Game Technology PLC operates and provides gaming technology products and services in the United States, Canada, Italy, The United Kingdom, rest of Europe, and internationally. It operates through three segments: Global Lottery, Global Gaming, and PlayDigital. 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.