Cerity Partners LLC Takes Position in International Game Technology PLC (NYSE:IGT)

Cerity Partners LLC acquired a new position in shares of International Game Technology PLC (NYSE:IGT - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 31,714 shares of the company's stock, valued at approximately $676,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in shares of International Game Technology by 14.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 30,965 shares of the company's stock worth $700,000 after acquiring an additional 3,935 shares in the last quarter. Tidal Investments LLC purchased a new position in International Game Technology during the 1st quarter valued at about $455,000. CWM LLC increased its stake in shares of International Game Technology by 156.7% during the 2nd quarter. CWM LLC now owns 2,321 shares of the company's stock worth $47,000 after purchasing an additional 1,417 shares in the last quarter. SG Americas Securities LLC raised its position in shares of International Game Technology by 178.7% during the 2nd quarter. SG Americas Securities LLC now owns 23,986 shares of the company's stock worth $491,000 after purchasing an additional 15,379 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its holdings in International Game Technology by 1,633.6% in the 2nd quarter. Hexagon Capital Partners LLC now owns 2,219 shares of the company's stock valued at $45,000 after purchasing an additional 2,091 shares in the last quarter. 44.33% of the stock is currently owned by hedge funds and other institutional investors.

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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, International Game Technology currently has an average rating of "Moderate Buy" and a consensus price target of $28.67.

International Game Technology Trading Up 1.0 %

Shares of International Game Technology stock traded up $0.20 during trading on Friday, hitting $19.68. The stock had a trading volume of 726,671 shares, compared to its average volume of 1,024,373. The company has a market capitalization of $3.92 billion, a PE ratio of 32.80 and a beta of 1.91. International Game Technology PLC has a 1 year low of $18.56 and a 1 year high of $28.82. 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 stock has a 50 day simple moving average of $20.27 and a 200 day simple moving average of $20.83.

International Game Technology (NYSE:IGT - Get Free Report) last announced its quarterly earnings results 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 return on equity of 16.17% and a net margin of 4.17%. The business had revenue of $587.00 million for the quarter, compared to analyst estimates of $591.50 million. During the same quarter last year, the company earned $0.52 EPS. The business's revenue for the quarter was down 2.3% compared to the same quarter last year. On average, research analysts expect that International Game Technology PLC will post 1 EPS for the current fiscal year.

International Game Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 26th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Tuesday, November 26th. International Game Technology's payout ratio is presently 133.34%.

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.