Eagle Asset Management Inc. bought a new stake in International Game Technology (NYSE:IGT) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 207,120 shares of the company’s stock, valued at approximately $5,037,000. Eagle Asset Management Inc. owned about 0.10% of International Game Technology as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in shares of International Game Technology by 9.9% in the second quarter. Goldman Sachs Group Inc. now owns 4,280,449 shares of the company’s stock valued at $78,332,000 after buying an additional 386,229 shares during the last quarter. Renaissance Technologies LLC raised its holdings in International Game Technology by 104.8% during the second quarter. Renaissance Technologies LLC now owns 2,791,500 shares of the company’s stock worth $51,084,000 after purchasing an additional 1,428,700 shares in the last quarter. Vanguard Group Inc. raised its holdings in International Game Technology by 14.1% during the second quarter. Vanguard Group Inc. now owns 2,591,247 shares of the company’s stock worth $47,420,000 after purchasing an additional 320,244 shares in the last quarter. TimesSquare Capital Management LLC purchased a new position in International Game Technology during the third quarter worth about $62,053,000. Finally, Dimensional Fund Advisors LP raised its holdings in International Game Technology by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,921,569 shares of the company’s stock worth $35,167,000 after purchasing an additional 12,899 shares in the last quarter. 40.64% of the stock is owned by institutional investors and hedge funds.
Shares of International Game Technology (NYSE IGT) remained flat at $$27.75 on Tuesday. The stock had a trading volume of 838,000 shares, compared to its average volume of 1,534,486. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.84 and a quick ratio of 0.70. International Game Technology has a 12 month low of $17.25 and a 12 month high of $29.36. The company has a market capitalization of $5,617.44, a price-to-earnings ratio of 16.13 and a beta of 1.56.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, November 27th. This represents a $0.80 annualized dividend and a yield of 2.88%. International Game Technology’s payout ratio is currently -17.78%.
Several research analysts recently issued reports on IGT shares. Bank of America increased their price target on shares of International Game Technology from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Deutsche Bank increased their price target on shares of International Game Technology to $34.00 and gave the stock a “buy” rating in a report on Monday, November 20th. ValuEngine raised shares of International Game Technology from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Argus raised shares of International Game Technology from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. International Game Technology currently has a consensus rating of “Buy” and a consensus target price of $30.70.
International Game Technology Company Profile
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.
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