Fox Run Management L.L.C. increased its holdings in shares of International Game Technology PLC (NYSE:IGT - Free Report) by 283.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,033 shares of the company's stock after buying an additional 52,516 shares during the quarter. Fox Run Management L.L.C.'s holdings in International Game Technology were worth $1,254,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently made changes to their positions in IGT. Segall Bryant & Hamill LLC bought a new stake in International Game Technology during the third quarter worth approximately $1,209,000. Massachusetts Financial Services Co. MA raised its stake in shares of International Game Technology by 0.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,790,889 shares of the company's stock valued at $165,946,000 after buying an additional 47,442 shares in the last quarter. Qsemble Capital Management LP increased its stake 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 acquiring an additional 29,929 shares during the period. Zacks Investment Management bought a new position in shares of International Game Technology during the 3rd quarter worth approximately $645,000. Finally, Stifel Financial Corp lifted its holdings in shares of International Game Technology by 22.2% during the third quarter. Stifel Financial Corp now owns 56,179 shares of the company's stock valued at $1,197,000 after acquiring an additional 10,193 shares during the period. Institutional investors and hedge funds own 44.33% of the company's stock.
International Game Technology Stock Performance
IGT stock traded up $0.07 during mid-day trading on Wednesday, hitting $16.95. 1,094,716 shares of the company were exchanged, compared to its average volume of 1,108,401. International Game Technology PLC has a 1-year low of $16.42 and a 1-year high of $24.13. The stock has a market capitalization of $3.43 billion, a PE ratio of 28.26 and a beta of 1.86. The business has a 50 day simple moving average of $17.28 and a 200-day simple moving average of $18.88. 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 (NYSE:IGT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.10). International Game Technology had a return on equity of 16.17% and a net margin of 4.17%. The firm had revenue of $651.00 million for the quarter, compared to the consensus estimate of $657.84 million. During the same quarter in the previous year, the business earned $0.56 EPS. The firm's quarterly revenue was down 4.4% on a year-over-year basis. On average, equities analysts forecast that International Game Technology PLC will post 1.24 earnings per share for the current year.
International Game Technology Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend was Tuesday, March 11th. International Game Technology's dividend payout ratio is presently 46.78%.
Analyst Ratings Changes
Several equities research analysts have weighed in on IGT shares. StockNews.com upgraded shares of International Game Technology from a "hold" rating to a "buy" rating in a research report on Tuesday. 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $28.25.
View Our Latest Stock Analysis on International Game Technology
About International Game Technology
(
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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