Toronto Dominion Bank Has $1 Million Stock Holdings in International Game Technology PLC (NYSE:IGT)

Toronto Dominion Bank boosted its holdings in shares of International Game Technology PLC (NYSE:IGT) by 22.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 49,075 shares of the company’s stock after acquiring an additional 8,892 shares during the period. Toronto Dominion Bank’s holdings in International Game Technology were worth $1,004,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Solel Partners LP acquired a new stake in International Game Technology during the 2nd quarter worth $43,478,000. Stanley Capital Management LLC grew its holdings in International Game Technology by 12.9% during the 2nd quarter. Stanley Capital Management LLC now owns 702,000 shares of the company’s stock worth $14,363,000 after acquiring an additional 80,000 shares during the period. Sei Investments Co. grew its holdings in International Game Technology by 0.3% during the 2nd quarter. Sei Investments Co. now owns 202,224 shares of the company’s stock worth $4,137,000 after acquiring an additional 515 shares during the period. Seven Eight Capital LP acquired a new stake in International Game Technology during the 2nd quarter worth $1,182,000. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in International Game Technology by 21.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,816 shares of the company’s stock worth $283,000 after acquiring an additional 2,424 shares during the period. Institutional investors and hedge funds own 44.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. B. Riley reissued a “buy” rating and set a $30.00 price target on shares of International Game Technology in a research report on Friday, July 26th. Stifel Nicolaus lifted their price target on shares of International Game Technology from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, StockNews.com cut shares of International Game Technology from a “buy” rating to a “hold” rating in a research report on Friday, September 13th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, International Game Technology presently has a consensus rating of “Moderate Buy” and an average target price of $28.67.

International Game Technology Trading Down 2.0 %

IGT opened at $21.30 on Tuesday. The stock has a market capitalization of $4.24 billion, a P/E ratio of 20.29 and a beta of 1.96. International Game Technology PLC has a 12 month low of $18.90 and a 12 month high of $31.85. The firm’s fifty day simple moving average is $21.78 and its 200 day simple moving average is $21.00. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 2.57.

International Game Technology (NYSE:IGT) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.29 by $0.07. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.06 billion. International Game Technology had a net margin of 4.89% and a return on equity of 19.95%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. As a group, research analysts anticipate that International Game Technology PLC will post 1.48 EPS for the current fiscal year.

International Game Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $0.80 annualized dividend and a yield of 3.76%. International Game Technology’s dividend payout ratio is currently 76.19%.

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.