International Game Technology PLC (NYSE:IGT) Holdings Raised by Victory Capital Management Inc.

Victory Capital Management Inc. increased its stake in shares of International Game Technology PLC (NYSE:IGT) by 7.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,897 shares of the company’s stock after buying an additional 996 shares during the quarter. Victory Capital Management Inc.’s holdings in International Game Technology were worth $317,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. M&G Plc bought a new position in International Game Technology during the 2nd quarter worth $8,850,000. Solel Partners LP acquired a new position in International Game Technology during the 2nd quarter worth $43,478,000. Seven Eight Capital LP acquired a new position in International Game Technology during the 2nd quarter worth $1,182,000. Caprock Group LLC acquired a new position in International Game Technology during the 2nd quarter worth $1,252,000. Finally, Concurrent Investment Advisors LLC acquired a new position in International Game Technology during the 2nd quarter worth $1,185,000. 44.33% of the stock is currently owned by institutional investors.

International Game Technology Trading Down 0.5 %

Shares of IGT stock opened at $19.24 on Friday. The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.31 and a current ratio of 2.36. The firm has a market capitalization of $3.83 billion, a PE ratio of 32.07 and a beta of 1.96. The stock has a fifty day moving average of $20.44 and a two-hundred day moving average of $20.85. International Game Technology PLC has a 1 year low of $18.56 and a 1 year high of $28.82.

International Game Technology (NYSE:IGT) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.24). The firm had revenue of $587.00 million during the quarter, compared to analyst estimates of $591.50 million. International Game Technology had a net margin of 4.17% and a return on equity of 16.17%. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 EPS. As a group, research analysts expect that International Game Technology PLC will post 1 EPS for the current year.

International Game Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 26th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $0.80 annualized dividend and a dividend yield of 4.16%. International Game Technology’s dividend payout ratio (DPR) is 133.34%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded International Game Technology from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $28.67.

International Game Technology Company Profile

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.