International Game Technology PLC (IGT)

Amalgamated Bank Lowers Stock Holdings in International Game Technology PLC (NYSE:IGT)

Amalgamated Bank reduced its position in International Game Technology PLC (NYSE:IGT – Free Report) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,664 shares of the company’s stock after selling 1,102 shares during the quarter. Amalgamated Bank’s holdings in International Game Technology were worth $429,000 as of its most recent SEC filing. Other institutional investors and hedge funds also recently bought and sold shares of the company. Huntington National Bank increased its stake in International Game Technology by 113.2% during the 3rd quarter. Huntington National Bank now owns 921 shares of the company’s stock worth $28,000 after buying an additional 489 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of International Game Technology by 10.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 8,425 shares of the company’s stock worth $231,000 after acquiring an additional 805 shares during the period. Allworth Financial LP raised its stake in shares of International Game Technology by 770.0% in the third quarter. Allworth Financial LP now owns 957 shares of the company’s stock valued at $29,000 after acquiring an additional 847 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in International Game Technology in the fourth quarter valued at $25,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in International Game Technology by 2.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,393 shares of the company’s stock worth $1,354,000 after purchasing an additional 973 shares in the last quarter. 44.33% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In Several equities analysts have recently issued reports on IGT shares. Argus decreased their price objective on International Game Technology from $30.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, March 13th. StockNews.com cut shares of International Game Technology from a “strong-buy” rating to a “buy” rating in a report on Monday, May 13th. B. Riley initiated coverage on shares of International Game Technology in a report on Friday, April 5th. They issued a “buy” rating and a $30.00 price objective on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $24.00 target price on shares of International Game Technology in a research note on Wednesday, May 15th. Finally, Susquehanna cut their price target on International Game Technology from $40.00 to $33.00 and set a “positive” rating on the stock in a research note on Thursday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, International Game Technology currently has an average rating of “Moderate Buy” and a consensus target price of $27.67. View Our Latest Report on International Game Technology International Game Technology Price Performance Shares of IGT opened at $20.24 on Monday. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.80 and a quick ratio of 1.07. International Game Technology PLC has a 1-year low of $19.48 and a 1-year high of $33.99. The stock has a market cap of $4.03 billion, a PE ratio of 19.28 and a beta of 1.94. The firm has a fifty day moving average price of $20.92 and a 200 day moving average price of $24.58. International Game Technology (NYSE:IGT – Get Free Report) last announced its earnings results on Tuesday, May 14th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.17. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.03 billion. International Game Technology had a return on equity of 20.84% and a net margin of 4.98%. The business’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 EPS. As a group, sell-side analysts anticipate that International Game Technology PLC will post 1.53 EPS for the current year. International Game Technology Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th will be issued a $0.20 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.95%. International Game Technology’s payout ratio is 76.19%. International Game Technology Profile (Free Report) 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.