International Game Technology PLC (NYSE:IGT) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of International Game Technology PLC (NYSE:IGT) by 7.2% during the third quarter, Holdings Channel reports. The firm owned 14,897 shares of the company’s stock after purchasing an additional 996 shares during the quarter. Victory Capital Management Inc.’s holdings in International Game Technology were worth $317,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of IGT. Price T Rowe Associates Inc. MD raised its position in shares of International Game Technology by 14.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 30,965 shares of the company’s stock worth $700,000 after purchasing an additional 3,935 shares during the period. Tidal Investments LLC acquired a new stake in shares of International Game Technology during the first quarter worth $455,000. Virtu Financial LLC acquired a new stake in shares of International Game Technology during the first quarter worth $401,000. Harbor Capital Advisors Inc. raised its position in shares of International Game Technology by 270.1% during the second quarter. Harbor Capital Advisors Inc. now owns 24,037 shares of the company’s stock worth $492,000 after purchasing an additional 17,542 shares during the period. Finally, CWM LLC raised its position in shares of International Game Technology by 156.7% during the second quarter. CWM LLC now owns 2,321 shares of the company’s stock worth $47,000 after purchasing an additional 1,417 shares during the period. 44.33% of the stock is owned by institutional investors and hedge funds.

International Game Technology Stock Down 0.5 %

NYSE:IGT opened at $19.24 on Friday. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 32.07 and a beta of 1.96. International Game Technology PLC has a 1-year low of $18.56 and a 1-year high of $28.82. The company has a current ratio of 2.36, a quick ratio of 2.31 and a debt-to-equity ratio of 2.85. The business’s fifty day moving average price is $20.44 and its 200 day moving average price is $20.85.

International Game Technology (NYSE:IGT) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.24). The business had revenue of $587.00 million for the quarter, compared to analyst estimates of $591.50 million. International Game Technology had a net margin of 4.17% and a return on equity of 16.17%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 earnings per share. On average, sell-side analysts forecast that International Game Technology PLC will post 1 earnings per share for the current fiscal year.

International Game Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 26th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Tuesday, November 26th. International Game Technology’s payout ratio is currently 133.34%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised International Game Technology from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $28.67.

International Game Technology 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.