Brightstar Lottery $BRSL Shares Purchased by Sei Investments Co.

Sei Investments Co. increased its holdings in shares of Brightstar Lottery (NYSE:BRSL) by 101.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 322,220 shares of the company’s stock after buying an additional 162,541 shares during the quarter. Sei Investments Co.’s holdings in Brightstar Lottery were worth $4,105,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in BRSL. Mizuho Markets Cayman LP grew its holdings in Brightstar Lottery by 47.1% in the 1st quarter. Mizuho Markets Cayman LP now owns 247,561 shares of the company’s stock valued at $3,154,000 after buying an additional 79,261 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Brightstar Lottery by 3,794.2% during the 1st quarter. Bessemer Group Inc. now owns 32,711 shares of the company’s stock worth $417,000 after acquiring an additional 31,871 shares during the period. R Squared Ltd lifted its holdings in shares of Brightstar Lottery by 47.6% during the 1st quarter. R Squared Ltd now owns 18,800 shares of the company’s stock worth $240,000 after acquiring an additional 6,060 shares during the period. Hsbc Holdings PLC purchased a new position in shares of Brightstar Lottery during the 4th quarter worth about $1,318,000. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of Brightstar Lottery in the fourth quarter worth approximately $52,000. 44.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BRSL shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Brightstar Lottery in a report on Wednesday, July 1st. They issued a “buy” rating and a $15.00 target price for the company. BNP Paribas Exane initiated coverage on shares of Brightstar Lottery in a research note on Thursday, May 14th. They set a “neutral” rating and a $12.60 price target on the stock. Argus lowered shares of Brightstar Lottery from a “buy” rating to a “hold” rating in a report on Monday, June 29th. Stifel Nicolaus reiterated a “buy” rating and issued a $19.00 price target (down from $20.00) on shares of Brightstar Lottery in a report on Wednesday, May 13th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Brightstar Lottery in a research note on Friday, July 10th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Brightstar Lottery presently has an average rating of “Hold” and an average target price of $14.77.

Brightstar Lottery Trading Down 1.9%

Shares of Brightstar Lottery stock opened at $11.09 on Friday. Brightstar Lottery has a twelve month low of $9.90 and a twelve month high of $18.57. The stock has a market cap of $2.07 billion, a PE ratio of 8.53 and a beta of 1.03. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 2.16. The business’s fifty day simple moving average is $11.00.

Brightstar Lottery (NYSE:BRSL) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.12. The company had revenue of $584.00 million for the quarter. Brightstar Lottery had a return on equity of 10.47% and a net margin of 10.05%. Analysts forecast that Brightstar Lottery will post 0.4 earnings per share for the current year.

Brightstar Lottery Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 8.3%. The ex-dividend date is Tuesday, August 18th. Brightstar Lottery’s dividend payout ratio (DPR) is presently 70.77%.

About Brightstar Lottery

International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. 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.