Raymond James Financial Inc. Takes $630,000 Position in International Game Technology PLC (NYSE:IGT)

Raymond James Financial Inc. bought a new position in shares of International Game Technology PLC (NYSE:IGT) in the 4th quarter, Holdings Channel.com reports. The fund bought 35,671 shares of the company’s stock, valued at approximately $630,000.

Several other large investors also recently bought and sold shares of IGT. Point72 DIFC Ltd raised its holdings in International Game Technology by 7.9% in the third quarter. Point72 DIFC Ltd now owns 12,870 shares of the company’s stock valued at $274,000 after acquiring an additional 947 shares in the last quarter. Stifel Financial Corp increased its position in shares of International Game Technology by 22.2% in the 3rd quarter. Stifel Financial Corp now owns 56,179 shares of the company’s stock valued at $1,197,000 after purchasing an additional 10,193 shares during the last quarter. State Street Corp raised its holdings in shares of International Game Technology by 1.0% in the 3rd quarter. State Street Corp now owns 2,103,275 shares of the company’s stock valued at $44,800,000 after purchasing an additional 21,295 shares in the last quarter. Zacks Investment Management acquired a new stake in shares of International Game Technology in the 3rd quarter valued at $645,000. Finally, Y Intercept Hong Kong Ltd lifted its position in shares of International Game Technology by 180.1% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 29,932 shares of the company’s stock worth $638,000 after purchasing an additional 19,247 shares during the last quarter. Hedge funds and other institutional investors own 44.33% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on IGT. Truist Financial decreased their price target on International Game Technology from $23.00 to $20.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. StockNews.com upgraded International Game Technology from a “hold” rating to a “buy” rating in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, International Game Technology has an average rating of “Moderate Buy” and a consensus price target of $28.25.

International Game Technology Stock Down 4.7 %

Shares of NYSE IGT opened at $14.60 on Monday. The business has a 50-day moving average price of $17.09 and a 200 day moving average price of $18.57. The stock has a market cap of $2.95 billion, a PE ratio of 24.33 and a beta of 1.86. The company has a quick ratio of 2.31, a current ratio of 2.36 and a debt-to-equity ratio of 2.85. International Game Technology PLC has a 52-week low of $13.88 and a 52-week high of $24.13.

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

International Game Technology Dividend Announcement

The firm also recently disclosed 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 5.48%. International Game Technology’s dividend payout ratio is presently 46.78%.

About International Game Technology

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.