Glenmede Trust Co. NA raised its stake in shares of International Game Technology PLC (NYSE:IGT – Get Rating) by 13.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,255 shares of the company's stock after purchasing an additional 9,730 shares during the period. Glenmede Trust Co. NA's holdings in International Game Technology were worth $1,314,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in IGT. Parkside Financial Bank & Trust raised its position in shares of International Game Technology by 84.9% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,163 shares of the company's stock valued at $29,000 after buying an additional 534 shares in the last quarter. Great West Life Assurance Co. Can bought a new position in shares of International Game Technology during the third quarter valued at approximately $46,000. Brown Brothers Harriman & Co. bought a new position in shares of International Game Technology during the first quarter valued at approximately $49,000. Saltoro Capital LP bought a new position in shares of International Game Technology during the second quarter valued at approximately $55,000. Finally, CoreCap Advisors LLC bought a new position in shares of International Game Technology during the second quarter valued at approximately $59,000. Institutional investors own 44.33% of the company's stock.
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International Game Technology Stock Performance
IGT stock traded down $0.46 during midday trading on Monday, reaching $26.20. The stock had a trading volume of 188,430 shares, compared to its average volume of 803,854. The firm has a fifty day simple moving average of $24.08 and a two-hundred day simple moving average of $20.93. International Game Technology PLC has a 52-week low of $15.01 and a 52-week high of $30.84. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.01 and a current ratio of 1.16. The stock has a market cap of $5.34 billion, a PE ratio of 14.93 and a beta of 1.85.
International Game Technology (NYSE:IGT – Get Rating) last posted its quarterly earnings results on Tuesday, November 8th. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.24 by $1.06. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.01 billion. International Game Technology had a return on equity of 24.78% and a net
margin of 8.56%. The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 EPS. As a group, equities research analysts anticipate that International Game Technology PLC will post 1.92 EPS for the current year.
International Game Technology Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, December 9th. Stockholders of record on Monday, November 28th were paid a $0.20 dividend. The ex-dividend date was Friday, November 25th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.05%. International Game Technology's payout ratio is 45.45%.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of International Game Technology from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, November 15th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, International Game Technology currently has an average rating of "Buy" and an average price target of $35.00.
International Game Technology Company Profile
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International Game Technology PLC engages in the designing, manufacturing, and marketing of electronic gaming equipment, software, and network systems. It operates through the Global Lottery, Global Gaming, and Digital & Betting segments. The Global Lottery segment has responsibility for the worldwide traditional lottery and iLottery business, including sales, operations, product development, technology, and support.
Further Reading
- Get a free copy of the StockNews.com research report on International Game Technology (IGT)
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