Scientific Games Corp (NASDAQ:SGMS) Director Barry F. Schwartz bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The shares were bought at an average price of $24.76 per share, with a total value of $123,800.00. Following the completion of the purchase, the director now owns 106,852 shares in the company, valued at $2,645,655.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of SGMS stock traded up $1.55 during mid-day trading on Tuesday, reaching $26.45. The company’s stock had a trading volume of 122,686 shares, compared to its average volume of 1,378,510. Scientific Games Corp has a 1-year low of $24.60 and a 1-year high of $62.80. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of -11.12 and a beta of 2.32. The company has a debt-to-equity ratio of -3.90, a quick ratio of 1.58 and a current ratio of 1.92.

Scientific Games (NASDAQ:SGMS) last announced its quarterly earnings data on Thursday, August 2nd. The technology company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). The business had revenue of $844.70 million during the quarter, compared to analyst estimates of $853.64 million. During the same quarter in the prior year, the company posted ($0.44) EPS. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. sell-side analysts predict that Scientific Games Corp will post -0.67 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. Fine Capital Partners L.P. grew its holdings in shares of Scientific Games by 53.2% in the 1st quarter. Fine Capital Partners L.P. now owns 3,724,612 shares of the technology company’s stock worth $154,944,000 after purchasing an additional 1,293,675 shares during the last quarter. Whale Rock Capital Management LLC grew its holdings in shares of Scientific Games by 25.0% in the 2nd quarter. Whale Rock Capital Management LLC now owns 2,610,625 shares of the technology company’s stock worth $128,312,000 after purchasing an additional 522,724 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Scientific Games by 6.3% in the 2nd quarter. BlackRock Inc. now owns 6,072,629 shares of the technology company’s stock worth $298,469,000 after purchasing an additional 361,648 shares during the last quarter. RWC Asset Management LLP grew its holdings in shares of Scientific Games by 71.4% in the 2nd quarter. RWC Asset Management LLP now owns 600,000 shares of the technology company’s stock worth $29,490,000 after purchasing an additional 250,000 shares during the last quarter. Finally, Matarin Capital Management LLC bought a new stake in shares of Scientific Games in the 1st quarter worth about $9,227,000. Institutional investors own 70.64% of the company’s stock.

Several equities analysts recently commented on the stock. ValuEngine cut shares of Scientific Games from a “hold” rating to a “sell” rating in a research note on Tuesday, September 4th. Credit Suisse Group initiated coverage on shares of Scientific Games in a research note on Tuesday, August 14th. They issued an “underperform” rating and a $31.00 price objective for the company. TheStreet cut shares of Scientific Games from a “c-” rating to a “d+” rating in a research note on Friday, August 3rd. Jefferies Financial Group dropped their price objective on shares of Scientific Games from $61.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, August 7th. Finally, BidaskClub cut shares of Scientific Games from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 7th. Three analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $51.29.

Scientific Games Company Profile

Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and interactive gaming industries worldwide. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals (VLTs), conversion game kits, and spare parts; slot, casino, and table-management systems; table products, including shufflers; and perpetual licenses to proprietary table games.

Featured Story: Dividend Stocks – Are They Right For You?

Insider Buying and Selling by Quarter for Scientific Games (NASDAQ:SGMS)

Receive News & Ratings for Scientific Games Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scientific Games and related companies with MarketBeat.com's FREE daily email newsletter.