Sei Investments Co. Sells 59,832 Shares of International Game Technology PLC (NYSE:IGT)

Sei Investments Co. trimmed its position in International Game Technology PLC (NYSE:IGT - Free Report) by 26.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,052 shares of the company's stock after selling 59,832 shares during the period. Sei Investments Co. owned approximately 0.08% of International Game Technology worth $2,968,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IGT. Zacks Investment Management acquired a new position in International Game Technology during the third quarter worth $645,000. Stifel Financial Corp raised its holdings in shares of International Game Technology by 22.2% in the 3rd quarter. Stifel Financial Corp now owns 56,179 shares of the company's stock worth $1,197,000 after acquiring an additional 10,193 shares during the last quarter. Barclays PLC lifted its position in International Game Technology by 49.1% in the 3rd quarter. Barclays PLC now owns 291,626 shares of the company's stock valued at $6,212,000 after acquiring an additional 96,019 shares in the last quarter. FMR LLC lifted its position in International Game Technology by 19.4% in the 3rd quarter. FMR LLC now owns 3,050,447 shares of the company's stock valued at $64,975,000 after acquiring an additional 495,962 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in International Game Technology by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,163,601 shares of the company's stock valued at $20,549,000 after purchasing an additional 31,408 shares during the last quarter. Institutional investors own 44.33% of the company's stock.

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International Game Technology Trading Down 1.9 %

Shares of NYSE IGT traded down $0.29 during midday trading on Tuesday, reaching $14.43. The company had a trading volume of 2,956,537 shares, compared to its average volume of 1,174,971. The company has a quick ratio of 2.31, a current ratio of 2.36 and a debt-to-equity ratio of 2.85. International Game Technology PLC has a one year low of $13.81 and a one year high of $24.13. The stock has a market cap of $2.92 billion, a PE ratio of 24.06 and a beta of 1.66. The firm's fifty day moving average price is $16.94 and its 200-day moving average price is $18.44.

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

International Game Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, March 11th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.54%. International Game Technology's dividend payout ratio is currently 46.78%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Truist Financial dropped their target price on 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 raised shares of International Game Technology from a "hold" rating to a "buy" rating in a research report on Tuesday, March 25th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $28.25.

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.