Profund Advisors LLC raised its stake in shares of Scientific Games Corp (NASDAQ:SGMS) by 5.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,073 shares of the technology company’s stock after purchasing an additional 553 shares during the quarter. Profund Advisors LLC’s holdings in Scientific Games Corp were worth $263,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of SGMS. Bank of New York Mellon Corp increased its stake in Scientific Games Corp by 2.7% during the 1st quarter. Bank of New York Mellon Corp now owns 621,125 shares of the technology company’s stock valued at $14,689,000 after purchasing an additional 16,369 shares in the last quarter. Comerica Bank increased its stake in Scientific Games Corp by 4.7% during the 1st quarter. Comerica Bank now owns 48,367 shares of the technology company’s stock valued at $1,108,000 after purchasing an additional 2,153 shares in the last quarter. Karp Capital Management Corp acquired a new position in Scientific Games Corp during the 1st quarter valued at approximately $430,000. Ameriprise Financial Inc. increased its stake in Scientific Games Corp by 5.5% during the 1st quarter. Ameriprise Financial Inc. now owns 268,535 shares of the technology company’s stock valued at $6,351,000 after purchasing an additional 13,899 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Scientific Games Corp by 43.1% during the 1st quarter. Parametric Portfolio Associates LLC now owns 114,545 shares of the technology company’s stock valued at $2,709,000 after purchasing an additional 34,517 shares in the last quarter. Institutional investors and hedge funds own 62.77% of the company’s stock.
In other news, Director Michael Gavin Isaacs sold 68,036 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $38.85, for a total transaction of $2,643,198.60. Following the transaction, the director now directly owns 110,815 shares of the company’s stock, valued at approximately $4,305,162.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gabrielle K. Mcdonald sold 2,133 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $38.50, for a total transaction of $82,120.50. Following the transaction, the director now directly owns 7,173 shares in the company, valued at $276,160.50. The disclosure for this sale can be found here. Insiders sold a total of 192,850 shares of company stock worth $7,281,691 over the last three months. 42.03% of the stock is currently owned by corporate insiders.
A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Scientific Games Corp from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Craig Hallum reiterated a “buy” rating and issued a $56.00 price objective (up previously from $45.00) on shares of Scientific Games Corp in a research note on Thursday, October 5th. Stifel Nicolaus increased their price objective on shares of Scientific Games Corp from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, September 18th. Bank of America Corporation reiterated a “buy” rating and issued a $50.00 price objective (up previously from $38.00) on shares of Scientific Games Corp in a research note on Wednesday, September 20th. Finally, BidaskClub lowered shares of Scientific Games Corp from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $42.20.
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Shares of Scientific Games Corp (NASDAQ SGMS) opened at 45.70 on Thursday. The firm’s market cap is $4.09 billion. The company’s 50-day moving average is $40.57 and its 200 day moving average is $30.10. Scientific Games Corp has a 52-week low of $10.90 and a 52-week high of $48.05.
Scientific Games Corp (NASDAQ:SGMS) last announced its quarterly earnings data on Monday, July 24th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.52) by $0.08. The firm had revenue of $766.30 million during the quarter, compared to analyst estimates of $732.93 million. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.59) earnings per share. On average, analysts expect that Scientific Games Corp will post ($2.24) earnings per share for the current fiscal year.
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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