Y Intercept Hong Kong Ltd Has $216,000 Holdings in International Game Technology PLC (NYSE:IGT)

Y Intercept Hong Kong Ltd decreased its position in International Game Technology PLC (NYSE:IGT) by 59.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,219 shares of the company’s stock after selling 17,713 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in International Game Technology were worth $216,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Peregrine Capital Management LLC grew its holdings in International Game Technology by 1.7% in the 4th quarter. Peregrine Capital Management LLC now owns 640,864 shares of the company’s stock valued at $11,318,000 after buying an additional 10,901 shares in the last quarter. Rhumbline Advisers grew its stake in shares of International Game Technology by 2.0% in the fourth quarter. Rhumbline Advisers now owns 180,285 shares of the company’s stock valued at $3,184,000 after acquiring an additional 3,611 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of International Game Technology by 5.1% in the fourth quarter. Van ECK Associates Corp now owns 23,749 shares of the company’s stock valued at $419,000 after acquiring an additional 1,145 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in International Game Technology during the fourth quarter worth about $45,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in International Game Technology by 2.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 56,048 shares of the company’s stock valued at $990,000 after purchasing an additional 1,442 shares during the period. Institutional investors own 44.33% of the company’s stock.

Analysts Set New Price Targets

IGT has been the topic of several recent research reports. Truist Financial lowered their target price on shares of International Game Technology from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th. StockNews.com lowered International Game Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

International Game Technology Stock Performance

Shares of International Game Technology stock opened at $17.42 on Wednesday. The company has a 50 day moving average of $17.37 and a 200-day moving average of $19.39. The company has a market cap of $3.52 billion, a PE ratio of 29.03 and a beta of 1.91. The company has a current ratio of 2.36, a quick ratio of 2.31 and a debt-to-equity ratio of 2.85. International Game Technology PLC has a 1-year low of $16.42 and a 1-year high of $25.63.

International Game Technology (NYSE:IGT) last issued its earnings results on Tuesday, February 25th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.10). International Game Technology had a net margin of 4.17% and a return on equity of 16.17%. The business had revenue of $651.00 million during the quarter, compared to analyst estimates of $657.84 million. During the same period in the prior year, the business posted $0.56 EPS. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, equities research analysts forecast that International Game Technology PLC will post 1.24 earnings per share for the current fiscal year.

International Game Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date is Tuesday, March 11th. International Game Technology’s dividend payout ratio is presently 46.78%.

About International Game Technology

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.