International Game Technology PLC (NYSE:IGT) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its position in shares of International Game Technology PLC (NYSE:IGT) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 901,548 shares of the company’s stock after selling 1,133 shares during the quarter. Dimensional Fund Advisors LP’s holdings in International Game Technology were worth $18,446,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC increased its position in International Game Technology by 63.4% in the 1st quarter. Lazard Asset Management LLC now owns 10,751,703 shares of the company’s stock valued at $242,880,000 after acquiring an additional 4,170,813 shares during the period. Parsifal Capital Management LP boosted its holdings in International Game Technology by 40.8% in the 4th quarter. Parsifal Capital Management LP now owns 4,290,025 shares of the company’s stock valued at $117,590,000 after purchasing an additional 1,243,514 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in International Game Technology by 17.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,743,447 shares of the company’s stock valued at $158,431,000 after purchasing an additional 1,169,999 shares in the last quarter. Beryl Capital Management LLC purchased a new stake in shares of International Game Technology during the 4th quarter worth approximately $16,431,000. Finally, Wellington Management Group LLP boosted its stake in shares of International Game Technology by 23.1% during the 4th quarter. Wellington Management Group LLP now owns 2,717,801 shares of the company’s stock worth $74,495,000 after acquiring an additional 509,722 shares in the last quarter. Institutional investors and hedge funds own 44.33% of the company’s stock.

International Game Technology Stock Up 0.8 %

Shares of International Game Technology stock opened at $20.78 on Friday. The company has a fifty day moving average price of $21.75 and a 200 day moving average price of $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 PLC has a twelve month low of $18.90 and a twelve month high of $31.85. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 19.79 and a beta of 1.95.

International Game Technology (NYSE:IGT) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. The company had revenue of $1.05 billion during 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 for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 EPS. Equities research analysts forecast that International Game Technology PLC will post 1.48 earnings per share for the current fiscal year.

International Game Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $0.80 annualized dividend and a dividend yield of 3.85%. International Game Technology’s payout ratio is 76.19%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on IGT. B. Riley reissued a “buy” rating and set a $30.00 price target on shares of International Game Technology in a research note on Friday, July 26th. Stifel Nicolaus boosted their price target on International Game Technology from $26.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, StockNews.com downgraded International Game Technology from a “buy” rating to a “hold” rating in a report on Friday, September 13th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.67.

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.