Charles Schwab Investment Management Inc. Has $20.55 Million Stock Holdings in International Game Technology PLC (NYSE:IGT)

Charles Schwab Investment Management Inc. increased its holdings in shares of International Game Technology PLC (NYSE:IGT - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,163,601 shares of the company's stock after acquiring an additional 31,408 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.58% of International Game Technology worth $20,549,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Massachusetts Financial Services Co. MA increased 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 acquiring an additional 47,442 shares during the period. FMR LLC increased its position in International Game Technology by 19.4% during the third quarter. FMR LLC now owns 3,050,447 shares of the company's stock worth $64,975,000 after acquiring an additional 495,962 shares during the period. State Street Corp increased its position in International Game Technology by 1.0% during the third quarter. State Street Corp now owns 2,103,275 shares of the company's stock worth $44,800,000 after acquiring an additional 21,295 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in International Game Technology by 80.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,202,620 shares of the company's stock worth $25,616,000 after acquiring an additional 537,330 shares during the period. Finally, Peregrine Capital Management LLC increased its holdings in International Game Technology by 1.7% in the 4th quarter. Peregrine Capital Management LLC now owns 640,864 shares of the company's stock valued at $11,318,000 after buying an additional 10,901 shares during the period. 44.33% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several research firms have commented on IGT. Truist Financial decreased their target price on shares of International Game Technology from $23.00 to $20.00 and set a "hold" rating on the stock in a report on Tuesday, January 14th. StockNews.com lowered shares of International Game Technology from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $28.25.

International Game Technology Price Performance

IGT stock traded down $0.10 during mid-day trading on Friday, hitting $17.04. The stock had a trading volume of 2,140,321 shares, compared to its average volume of 1,105,839. The company has a current ratio of 2.36, a quick ratio of 2.31 and a debt-to-equity ratio of 2.85. International Game Technology PLC has a 52 week low of $16.42 and a 52 week high of $24.13. The firm has a market capitalization of $3.44 billion, a P/E ratio of 28.39 and a beta of 1.86. The firm has a fifty day simple moving average of $17.30 and a 200 day simple moving average of $18.97.

International Game Technology (NYSE:IGT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.10). The company had revenue of $651.00 million for the quarter, compared to the consensus estimate of $657.84 million. International Game Technology had a net margin of 4.17% and a return on equity of 16.17%. The company's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period last year, the firm posted $0.56 earnings per share. As a group, research analysts forecast that International Game Technology PLC will post 1.24 EPS for the current year.

International Game Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend is Tuesday, March 11th. International Game Technology's dividend payout ratio (DPR) is presently 46.78%.

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.