International Game Technology PLC (IGT) Shares Bought by Boston Partners
Boston Partners raised its position in International Game Technology PLC (NYSE:IGT) by 27.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 269,736 shares of the company’s stock after acquiring an additional 58,307 shares during the quarter. Boston Partners’ holdings in International Game Technology were worth $6,269,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. Stephens Inc. AR raised its holdings in International Game Technology by 12.9% during the 1st quarter. Stephens Inc. AR now owns 23,525 shares of the company’s stock worth $629,000 after buying an additional 2,689 shares during the period. Trexquant Investment LP raised its holdings in International Game Technology by 11.9% during the 1st quarter. Trexquant Investment LP now owns 31,924 shares of the company’s stock worth $853,000 after buying an additional 3,403 shares during the period. American Century Companies Inc. raised its holdings in International Game Technology by 38.6% during the 1st quarter. American Century Companies Inc. now owns 655,435 shares of the company’s stock worth $17,520,000 after buying an additional 182,409 shares during the period. W. E. Donoghue & Co. LLC acquired a new stake in International Game Technology during the 1st quarter worth approximately $537,000. Finally, Victory Capital Management Inc. raised its holdings in International Game Technology by 62.4% during the 1st quarter. Victory Capital Management Inc. now owns 837,655 shares of the company’s stock worth $22,390,000 after buying an additional 321,830 shares during the period. Institutional investors own 39.89% of the company’s stock.
Several brokerages have commented on IGT. Credit Suisse Group began coverage on shares of International Game Technology in a report on Tuesday. They set a “neutral” rating and a $24.00 target price on the stock. Union Gaming Research upgraded shares of International Game Technology from a “hold” rating to a “buy” rating in a report on Friday, June 15th. They noted that the move was a valuation call. ValuEngine downgraded shares of International Game Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 2nd. Jefferies Financial Group restated a “buy” rating and set a $35.00 target price on shares of International Game Technology in a report on Wednesday, August 1st. Finally, UBS Group upgraded shares of International Game Technology from a “hold” rating to a “buy” rating in a report on Friday, June 15th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. International Game Technology presently has an average rating of “Buy” and an average target price of $32.00.
International Game Technology (NYSE:IGT) last announced its earnings results on Tuesday, July 31st. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.06). The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. International Game Technology had a positive return on equity of 12.26% and a negative net margin of 13.37%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the business posted $0.15 earnings per share. analysts forecast that International Game Technology PLC will post 1.27 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 28th. Stockholders of record on Tuesday, August 14th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, August 13th. This represents a $0.80 annualized dividend and a dividend yield of 3.97%. International Game Technology’s dividend payout ratio is currently 52.63%.
International Game Technology Company Profile
International Game Technology PLC operates and provides technology products and services across lotteries, electronic gaming machines, sports betting, and interactive gaming markets worldwide. The company operates through: North America Gaming and Interactive, North America Lottery, International, and Italy segments.
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