Capital Fund Management S.A. Has $1.31 Million Stock Position in International Game Technology PLC (NYSE:IGT)

Capital Fund Management S.A. decreased its holdings in shares of International Game Technology PLC (NYSE:IGT) by 32.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 74,251 shares of the company’s stock after selling 35,878 shares during the quarter. Capital Fund Management S.A.’s holdings in International Game Technology were worth $1,311,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in International Game Technology by 4.2% during the 4th quarter. Victory Capital Management Inc. now owns 15,519 shares of the company’s stock worth $274,000 after buying an additional 622 shares during the period. Van ECK Associates Corp boosted its position in International Game Technology by 5.1% during the 4th quarter. Van ECK Associates Corp now owns 23,749 shares of the company’s stock worth $419,000 after acquiring an additional 1,145 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in International Game Technology by 2.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 56,048 shares of the company’s stock valued at $990,000 after purchasing an additional 1,442 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in International Game Technology during the fourth quarter valued at approximately $45,000. Finally, Rhumbline Advisers grew its stake in shares of International Game Technology by 2.0% in the fourth quarter. Rhumbline Advisers now owns 180,285 shares of the company’s stock valued at $3,184,000 after buying an additional 3,611 shares in the last quarter. Institutional investors own 44.33% of the company’s stock.

International Game Technology Price Performance

Shares of NYSE IGT opened at $15.94 on Wednesday. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 26.56 and a beta of 1.66. The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.31 and a current ratio of 2.36. International Game Technology PLC has a fifty-two week low of $13.81 and a fifty-two week high of $24.13. The firm’s 50-day simple moving average is $16.80 and its 200 day simple moving average is $18.22.

International Game Technology (NYSE:IGT) last released its earnings results on Tuesday, February 25th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.10). The firm had revenue of $651.00 million during the quarter, compared to analysts’ expectations of $657.84 million. International Game Technology had a return on equity of 16.17% and a net margin of 4.17%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.56 earnings per share. As a group, research analysts anticipate that International Game Technology PLC will post 1.24 earnings per share for the current fiscal year.

International Game Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.80 dividend on an annualized basis and a yield of 5.02%. International Game Technology’s dividend payout ratio is currently 46.78%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Truist Financial dropped their price target on International Game Technology from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Tuesday, January 14th. StockNews.com cut International Game Technology from a “buy” rating to a “hold” rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $28.25.

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.