Segall Bryant & Hamill LLC Takes Position in International Game Technology PLC (NYSE:IGT)

Segall Bryant & Hamill LLC purchased a new position in International Game Technology PLC (NYSE:IGT - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 56,764 shares of the company's stock, valued at approximately $1,209,000.

Several other institutional investors have also made changes to their positions in the stock. M&G Plc purchased a new position in shares of International Game Technology during the 2nd quarter valued at $8,850,000. Solel Partners LP purchased a new position in International Game Technology in the second quarter valued at about $43,478,000. Seven Eight Capital LP acquired a new position in International Game Technology in the 2nd quarter worth about $1,182,000. Caprock Group LLC purchased a new stake in shares of International Game Technology during the 2nd quarter worth about $1,252,000. Finally, Toronto Dominion Bank acquired a new stake in shares of International Game Technology during the 1st quarter valued at about $908,000. 44.33% of the stock is currently owned by institutional investors and hedge funds.

International Game Technology Stock Performance

NYSE:IGT traded up $0.25 during midday trading on Friday, reaching $19.24. The stock had a trading volume of 460,282 shares, compared to its average volume of 1,060,960. The stock has a market capitalization of $3.83 billion, a P/E ratio of 32.07 and a beta of 1.96. The firm's fifty day simple moving average is $20.69 and its 200-day simple moving average is $20.89. International Game Technology PLC has a 1-year low of $18.56 and a 1-year high of $28.82. The company has a debt-to-equity ratio of 2.85, a current ratio of 2.36 and a quick ratio of 2.31.

International Game Technology (NYSE:IGT - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $591.50 million. During the same period last year, the firm posted $0.52 EPS. The company's revenue was down 2.3% compared to the same quarter last year. On average, equities research analysts forecast that International Game Technology PLC will post 1 EPS for the current fiscal year.

International Game Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is Tuesday, November 26th. International Game Technology's dividend payout ratio is presently 133.34%.

Wall Street Analyst Weigh In

IGT has been the topic of a number of research reports. Stifel Nicolaus increased their price objective on International Game Technology from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. StockNews.com upgraded shares of International Game Technology from a "hold" rating to a "buy" rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, International Game Technology has an average rating of "Moderate Buy" and an average target price of $28.67.

About International Game Technology

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.