2,000 Shares in International Game Technology PLC (NYSE:IGT) Bought by General Partner Inc.

General Partner Inc. bought a new position in International Game Technology PLC (NYSE:IGTFree Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,000 shares of the company’s stock, valued at approximately $45,000.

Several other hedge funds also recently bought and sold shares of IGT. Amalgamated Bank boosted its holdings in International Game Technology by 4.2% in the 3rd quarter. Amalgamated Bank now owns 16,766 shares of the company’s stock worth $508,000 after buying an additional 682 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of International Game Technology by 14.3% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 8,213 shares of the company’s stock valued at $249,000 after purchasing an additional 1,028 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of International Game Technology by 2.2% during the 3rd quarter. Deutsche Bank AG now owns 257,852 shares of the company’s stock valued at $7,818,000 after purchasing an additional 5,648 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of International Game Technology by 3.0% during the 3rd quarter. Rhumbline Advisers now owns 153,844 shares of the company’s stock valued at $4,665,000 after purchasing an additional 4,479 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of International Game Technology by 2.3% during the 3rd quarter. Invesco Ltd. now owns 1,600,691 shares of the company’s stock valued at $48,533,000 after purchasing an additional 35,911 shares during the last quarter. Institutional investors own 44.33% of the company’s stock.

Wall Street Analysts Forecast Growth

IGT has been the subject of several research reports. Argus dropped their price objective on shares of International Game Technology from $30.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, March 13th. Stifel Nicolaus raised shares of International Game Technology from a “hold” rating to a “buy” rating and increased their price objective for the company from $24.00 to $26.00 in a report on Thursday, May 30th. Susquehanna dropped their price objective on shares of International Game Technology from $40.00 to $33.00 and set a “positive” rating for the company in a report on Thursday, May 16th. B. Riley assumed coverage on shares of International Game Technology in a research report on Friday, April 5th. They set a “buy” rating and a $30.00 target price on the stock. Finally, StockNews.com cut shares of International Game Technology from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 13th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Read Our Latest Stock Analysis on IGT

International Game Technology Price Performance

Shares of NYSE IGT traded up $0.11 during mid-day trading on Tuesday, hitting $20.41. 197,433 shares of the company’s stock traded hands, compared to its average volume of 1,154,843. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.80 and a quick ratio of 0.67. International Game Technology PLC has a 1 year low of $18.90 and a 1 year high of $33.99. The company has a market capitalization of $4.06 billion, a P/E ratio of 19.33 and a beta of 1.94. The company’s 50-day moving average is $20.31 and its two-hundred day moving average is $23.58.

International Game Technology (NYSE:IGTGet Free Report) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.17. International Game Technology had a net margin of 4.98% and a return on equity of 20.84%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the company posted $0.49 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. On average, equities analysts anticipate that International Game Technology PLC will post 1.53 EPS for the current fiscal year.

International Game Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend was Thursday, May 30th. International Game Technology’s dividend payout ratio (DPR) is currently 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.

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

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