International Game Technology PLC (NYSE:IGT - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $16.55 and last traded at $16.53, with a volume of 9152 shares traded. The stock had previously closed at $17.02.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on IGT shares. Truist Financial reduced their price objective on shares of International Game Technology from $23.00 to $20.00 and set a "hold" rating on the stock in a research note on Tuesday, January 14th. StockNews.com raised International Game Technology from a "hold" rating to a "buy" rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, International Game Technology presently has a consensus rating of "Moderate Buy" and an average price target of $28.00.
Check Out Our Latest Stock Report on IGT
International Game Technology Stock Down 1.3 %
The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 27.86 and a beta of 1.91. The firm's fifty day moving average price is $17.81 and its two-hundred day moving average price is $19.97. 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 quarterly earnings results on Tuesday, November 12th. The company reported ($0.02) earnings per share (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 firm had revenue of $587.00 million during the quarter, compared to the consensus estimate of $591.50 million. The firm's revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.52 EPS. Sell-side analysts forecast that International Game Technology PLC will post 1.23 earnings per share for the current fiscal year.
International Game Technology Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 26th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, November 26th. This represents a $0.80 dividend on an annualized basis and a yield of 4.79%. International Game Technology's dividend payout ratio (DPR) is presently 133.33%.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Hexagon Capital Partners LLC raised its holdings in shares of International Game Technology by 26.1% in the 3rd quarter. Hexagon Capital Partners LLC now owns 2,798 shares of the company's stock worth $60,000 after acquiring an additional 579 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of International Game Technology by 4.2% in the fourth quarter. Victory Capital Management Inc. now owns 15,519 shares of the company's stock worth $274,000 after purchasing an additional 622 shares during the last quarter. Point72 DIFC Ltd lifted its holdings in shares of International Game Technology by 7.9% in the third quarter. Point72 DIFC Ltd now owns 12,870 shares of the company's stock valued at $274,000 after purchasing an additional 947 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of International Game Technology by 5.1% during the fourth quarter. Van ECK Associates Corp now owns 23,749 shares of the company's stock valued at $419,000 after buying an additional 1,145 shares during the last quarter. Finally, Signaturefd LLC bought a new stake in International Game Technology during the third quarter worth $26,000. 44.33% of the stock is owned by institutional investors.
About International Game Technology
(
Get Free Report)
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.
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