International Game Technology (IGT) Stake Raised by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of International Game Technology (NYSE:IGT) by 2.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 263,355 shares of the company’s stock after buying an additional 6,388 shares during the period. Geode Capital Management LLC owned 0.13% of International Game Technology worth $6,240,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. boosted its position in shares of International Game Technology by 38.9% in the first quarter. PNC Financial Services Group Inc. now owns 4,989 shares of the company’s stock worth $118,000 after buying an additional 1,398 shares during the period. SG Americas Securities LLC acquired a new position in shares of International Game Technology during the first quarter worth $125,000. FUKOKU MUTUAL LIFE INSURANCE Co boosted its position in shares of International Game Technology by 14.8% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 6,200 shares of the company’s stock worth $147,000 after buying an additional 800 shares during the period. LSV Asset Management acquired a new position in shares of International Game Technology during the first quarter worth $170,000. Finally, Koch Industries Inc. acquired a new position in shares of International Game Technology during the first quarter worth $219,000. 37.42% of the stock is owned by institutional investors and hedge funds.

International Game Technology (IGT) traded down 0.15% during trading on Friday, hitting $20.00. 1,388,688 shares of the company traded hands. The firm’s market cap is $4.06 billion. International Game Technology has a one year low of $17.25 and a one year high of $32.07. The firm has a 50 day moving average of $19.32 and a 200 day moving average of $21.80.

International Game Technology (NYSE:IGT) last announced its earnings results on Tuesday, August 1st. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by $0.17. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. International Game Technology had a positive return on equity of 10.35% and a negative net margin of 2.28%. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.43 EPS. On average, analysts expect that International Game Technology will post $1.14 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Friday, August 11th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.00%. The ex-dividend date is Wednesday, August 9th. International Game Technology’s payout ratio is presently -142.86%.

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IGT has been the subject of a number of recent research reports. BidaskClub raised shares of International Game Technology from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. ValuEngine cut shares of International Game Technology from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Bank of America Corporation reaffirmed a “neutral” rating and issued a $27.00 target price (up from $22.00) on shares of International Game Technology in a research note on Sunday, May 28th. Finally, Telsey Advisory Group lowered their target price on shares of International Game Technology from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, May 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. International Game Technology currently has an average rating of “Hold” and a consensus price target of $27.38.

About International Game Technology

International Game Technology (IGT) is a global gaming company specializing in the design, development, manufacture, and marketing of casino-style gaming equipment, systems technology, and game content across multiple platforms: land-based, online real-money and social gaming. The Company is a supplier of gaming entertainment products worldwide.

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

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