Quantbot Technologies LP Buys Shares of 121,982 International Game Technology PLC (NYSE:IGT)

Quantbot Technologies LP acquired a new position in shares of International Game Technology PLC (NYSE:IGT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 121,982 shares of the company's stock, valued at approximately $2,154,000. Quantbot Technologies LP owned approximately 0.06% of International Game Technology at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of International Game Technology during the 4th quarter valued at $45,000. Cibc World Markets Corp bought a new stake in shares of International Game Technology during the fourth quarter worth $188,000. Point72 DIFC Ltd raised its stake in shares of International Game Technology by 7.9% in the 3rd quarter. Point72 DIFC Ltd now owns 12,870 shares of the company's stock valued at $274,000 after purchasing an additional 947 shares during the period. Victory Capital Management Inc. raised its position in International Game Technology by 7.2% in the 3rd quarter. Victory Capital Management Inc. now owns 14,897 shares of the company's stock valued at $317,000 after buying an additional 996 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of International Game Technology in the third quarter worth $500,000. Institutional investors own 44.33% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on IGT. StockNews.com upgraded International Game Technology from a "hold" rating to a "buy" rating in a report on Tuesday. Truist Financial reduced their price objective on International Game Technology from $23.00 to $20.00 and set a "hold" rating for the company in a report on Tuesday, January 14th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $28.25.

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International Game Technology Price Performance

IGT stock traded down $0.49 during midday trading on Thursday, reaching $16.48. The company had a trading volume of 1,397,106 shares, compared to its average volume of 1,109,597. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 27.46 and a beta of 1.86. 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 PLC has a 1-year low of $16.42 and a 1-year high of $24.13. The stock has a 50 day moving average price of $17.27 and a 200-day moving average price of $18.87.

International Game Technology (NYSE:IGT - Get Free Report) last posted 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). 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 analyst estimates of $657.84 million. During the same quarter in the prior year, the business posted $0.56 EPS. The business's revenue was down 4.4% on a year-over-year basis. Equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend was Tuesday, March 11th. International Game Technology's dividend payout ratio (DPR) is presently 46.78%.

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.