International Game Technology PLC (NYSE:IGT) Shares Bought by Prelude Capital Management LLC

Prelude Capital Management LLC raised its position in International Game Technology PLC (NYSE:IGTGet Rating) by 9.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,481 shares of the company’s stock after acquiring an additional 10,650 shares during the period. Prelude Capital Management LLC owned approximately 0.06% of International Game Technology worth $2,924,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its stake in International Game Technology by 84.9% in the first quarter. Parkside Financial Bank & Trust now owns 1,163 shares of the company’s stock valued at $29,000 after acquiring an additional 534 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in International Game Technology in the first quarter valued at approximately $34,000. Brown Brothers Harriman & Co. purchased a new position in shares of International Game Technology in the first quarter worth $49,000. Great West Life Assurance Co. Can raised its holdings in shares of International Game Technology by 35.1% in the first quarter. Great West Life Assurance Co. Can now owns 4,031 shares of the company’s stock worth $106,000 after buying an additional 1,048 shares during the last quarter. Finally, Raymond James Trust N.A. acquired a new stake in shares of International Game Technology during the first quarter worth $212,000. 44.33% of the stock is currently owned by institutional investors and hedge funds.

International Game Technology Stock Up 5.4 %

Shares of IGT opened at $18.69 on Friday. International Game Technology PLC has a 52 week low of $16.46 and a 52 week high of $32.95. The company has a quick ratio of 1.44, a current ratio of 1.56 and a debt-to-equity ratio of 3.53. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 24.27 and a beta of 1.82. The stock’s 50-day moving average price is $19.25 and its 200-day moving average price is $21.33.

International Game Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 30th. Stockholders of record on Tuesday, August 16th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, August 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.28%. International Game Technology’s payout ratio is 103.90%.

Analyst Upgrades and Downgrades

IGT has been the topic of a number of research analyst reports. Truist Financial dropped their price objective on shares of International Game Technology from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, July 20th. Stifel Nicolaus cut their price objective on International Game Technology from $36.00 to $26.00 in a report on Monday, August 1st. StockNews.com raised International Game Technology from a “hold” rating to a “buy” rating in a report on Thursday, September 1st. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on International Game Technology from $35.00 to $30.00 in a report on Wednesday, August 3rd. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $35.00.

International Game Technology Company Profile

(Get Rating)

International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. 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.

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Institutional Ownership by Quarter for International Game Technology (NYSE:IGT)

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