Y Intercept Hong Kong Ltd Reduces Stock Position in International Game Technology PLC (NYSE:IGT)

Y Intercept Hong Kong Ltd cut its holdings in International Game Technology PLC (NYSE:IGT - Free Report) by 59.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,219 shares of the company's stock after selling 17,713 shares during the period. Y Intercept Hong Kong Ltd's holdings in International Game Technology were worth $216,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC acquired a new position in International Game Technology in the third quarter valued at approximately $1,209,000. Massachusetts Financial Services Co. MA lifted its holdings in International Game Technology by 0.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,790,889 shares of the company's stock valued at $165,946,000 after acquiring an additional 47,442 shares during the last quarter. Qsemble Capital Management LP lifted its holdings 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 last quarter. Zacks Investment Management acquired a new position in International Game Technology in the third quarter valued at approximately $645,000. Finally, Stifel Financial Corp lifted its holdings in International Game Technology by 22.2% in 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 last quarter. 44.33% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

IGT has been the topic of a number of research reports. StockNews.com cut International Game Technology from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Truist Financial decreased their price target on 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. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $28.00.

International Game Technology Stock Down 1.9 %

Shares of International Game Technology stock traded down $0.35 during trading hours on Friday, reaching $17.56. 940,961 shares of the company were exchanged, compared to its average volume of 1,428,676. International Game Technology PLC has a 1 year low of $16.42 and a 1 year high of $25.63. The stock's fifty day moving average is $17.41 and its 200 day moving average is $19.34. The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.31 and a current ratio of 2.36. The firm has a market cap of $3.55 billion, a PE ratio of 29.26 and a beta of 1.91.

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 analysts' consensus estimates 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 company had revenue of $651.00 million for the quarter, compared to analysts' expectations of $657.84 million. During the same period in the prior year, the company posted $0.56 EPS. The firm's revenue was down 4.4% compared to the same quarter last year. As a group, equities research analysts forecast that International Game Technology PLC will post 1.24 earnings per share for the current year.

International Game Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend is Tuesday, March 11th. International Game Technology's dividend payout ratio (DPR) is presently 46.78%.

International Game Technology Company 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.