Barclays PLC Grows Stock Position in International Game Technology PLC (NYSE:IGT)

Barclays PLC lifted its stake in International Game Technology PLC (NYSE:IGT - Free Report) by 49.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 291,626 shares of the company's stock after buying an additional 96,019 shares during the quarter. Barclays PLC owned approximately 0.15% of International Game Technology worth $6,212,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of IGT. Segall Bryant & Hamill LLC purchased a new stake in International Game Technology in the 3rd quarter worth approximately $1,209,000. Massachusetts Financial Services Co. MA boosted its position in International Game Technology by 0.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,790,889 shares of the company's stock worth $165,946,000 after purchasing an additional 47,442 shares in the last quarter. Qsemble Capital Management LP grew its holdings in International Game Technology by 230.0% in the third quarter. Qsemble Capital Management LP now owns 42,941 shares of the company's stock valued at $915,000 after purchasing an additional 29,929 shares during the period. Zacks Investment Management purchased a new stake in shares of International Game Technology in the third quarter valued at approximately $645,000. Finally, BBR Partners LLC acquired a new position in shares of International Game Technology during the 3rd quarter worth approximately $639,000. 44.33% of the stock is currently owned by hedge funds and other institutional investors.

International Game Technology Price Performance

Shares of International Game Technology stock traded up $0.15 during mid-day trading on Friday, reaching $17.22. 2,462,002 shares of the stock traded hands, compared to its average volume of 1,106,086. The company has a quick ratio of 2.31, a current ratio of 2.36 and a debt-to-equity ratio of 2.85. The business has a 50-day moving average of $19.80 and a 200 day moving average of $20.72. The stock has a market capitalization of $3.43 billion, a PE ratio of 28.70 and a beta of 1.91. International Game Technology PLC has a fifty-two week low of $16.96 and a fifty-two week high of $27.89.

International Game Technology (NYSE:IGT - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.22 by ($0.24). International Game Technology had a net margin of 4.17% and a return on equity of 16.17%. The firm 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 company posted $0.52 earnings per share. The firm's revenue for the quarter was down 2.3% compared to the same quarter last year. On average, analysts predict that International Game Technology PLC will post 1 EPS for the current year.

International Game Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 26th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $0.80 dividend on an annualized basis and a yield of 4.65%. International Game Technology's payout ratio is presently 133.33%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of International Game Technology from a "hold" rating to a "buy" rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, International Game Technology presently has an average rating of "Moderate Buy" and a consensus target price of $28.67.

International Game Technology 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.