International Game Technology PLC (NYSE:IGT) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its position in International Game Technology PLC (NYSE:IGT) by 32.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,613 shares of the company’s stock after selling 20,789 shares during the period. Janney Montgomery Scott LLC’s holdings in International Game Technology were worth $929,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IGT. Signaturefd LLC acquired a new stake in shares of International Game Technology during the third quarter worth $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of International Game Technology during the 2nd quarter valued at $31,000. Blue Trust Inc. purchased a new position in International Game Technology in the 2nd quarter worth about $44,000. Hexagon Capital Partners LLC lifted its position in shares of International Game Technology by 1,633.6% in the 2nd quarter. Hexagon Capital Partners LLC now owns 2,219 shares of the company’s stock valued at $45,000 after acquiring an additional 2,091 shares in the last quarter. Finally, CWM LLC boosted its position in shares of International Game Technology by 156.7% in the second quarter. CWM LLC now owns 2,321 shares of the company’s stock worth $47,000 after buying an additional 1,417 shares during the period. Hedge funds and other institutional investors own 44.33% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on IGT. StockNews.com upgraded shares of International Game Technology from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. B. Riley reiterated a “buy” rating and issued a $30.00 target price on shares of International Game Technology in a research note on Friday, July 26th. Finally, Stifel Nicolaus increased their price target on shares of International Game Technology from $26.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.67.

International Game Technology Stock Down 2.0 %

Shares of NYSE IGT opened at $19.51 on Friday. The stock has a market cap of $3.88 billion, a P/E ratio of 32.53 and a beta of 1.96. International Game Technology PLC has a 52-week low of $18.90 and a 52-week high of $28.82. The company has a debt-to-equity ratio of 2.85, a quick ratio of 0.71 and a current ratio of 2.36. The firm has a 50 day moving average price of $20.94 and a 200 day moving average price of $20.91.

International Game Technology (NYSE:IGT) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.24). International Game Technology had a return on equity of 16.17% and a net margin of 4.17%. The firm had revenue of $587.00 million for the quarter, compared to the consensus estimate of $591.50 million. During the same quarter in the previous year, the business posted $0.52 earnings per share. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. Analysts expect that International Game Technology PLC will post 1.2 EPS for the current year.

International Game Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 26th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Tuesday, November 26th. International Game Technology’s payout ratio is 133.34%.

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.