State of Alaska Department of Revenue boosted its stake in shares of Scientific Games Corp (NASDAQ:SGMS) by 80.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,163 shares of the technology company’s stock after buying an additional 4,523 shares during the period. State of Alaska Department of Revenue’s holdings in Scientific Games Corp were worth $265,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. bought a new position in shares of Scientific Games Corp during the first quarter worth approximately $120,000. SG Americas Securities LLC acquired a new stake in Scientific Games Corp during the first quarter valued at about $130,000. Parametrica Management Ltd acquired a new stake in Scientific Games Corp during the first quarter valued at about $211,000. ARP Americas LLC acquired a new stake in Scientific Games Corp during the first quarter valued at about $213,000. Finally, Laurion Capital Management LP acquired a new stake in Scientific Games Corp during the first quarter valued at about $215,000. Institutional investors and hedge funds own 60.11% of the company’s stock.
Shares of Scientific Games Corp (NASDAQ:SGMS) traded down 0.44% during trading on Friday, reaching $34.15. The company had a trading volume of 992,390 shares. Scientific Games Corp has a 52-week low of $8.07 and a 52-week high of $39.25. The stock’s market capitalization is $3.05 billion. The stock has a 50 day moving average of $31.66 and a 200 day moving average of $24.83.
Scientific Games Corp (NASDAQ:SGMS) last announced its earnings results on Monday, July 24th. The technology company reported ($0.44) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.52) by $0.08. The business had revenue of $766.30 million for the quarter, compared to analyst estimates of $732.93 million. During the same quarter in the previous year, the company posted ($0.59) EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts forecast that Scientific Games Corp will post ($2.27) EPS for the current year.
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A number of equities research analysts have recently weighed in on SGMS shares. BidaskClub cut Scientific Games Corp from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Stifel Nicolaus lifted their price objective on Scientific Games Corp from $24.00 to $35.00 and gave the company a “hold” rating in a research note on Tuesday, July 25th. Telsey Advisory Group boosted their target price on Scientific Games Corp from $20.00 to $24.00 and gave the stock a “market perform” rating in a research note on Friday, April 28th. Zacks Investment Research cut Scientific Games Corp from a “buy” rating to a “hold” rating in a research note on Thursday, May 4th. Finally, ValuEngine raised Scientific Games Corp from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $30.00.
In other Scientific Games Corp news, Director Gabrielle K. Mcdonald sold 2,133 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $38.50, for a total value of $82,120.50. Following the completion of the sale, the director now owns 7,173 shares in the company, valued at $276,160.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP James C. Kennedy sold 122,681 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $37.14, for a total transaction of $4,556,372.34. Following the completion of the sale, the executive vice president now owns 186,363 shares of the company’s stock, valued at approximately $6,921,521.82. The disclosure for this sale can be found here. Insiders have sold 192,850 shares of company stock valued at $7,281,691 in the last 90 days. 42.03% of the stock is currently owned by corporate insiders.
Scientific Games Corp Company Profile
Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming, lottery and interactive gaming industries. Its segments include Gaming, Lottery and Interactive. Its portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions.
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