BlackRock Inc. lessened its holdings in International Game Technology PLC (NYSE:IGT) by 3.4% in the 4th quarter, HoldingsChannel reports. The firm owned 2,166,266 shares of the company’s stock after selling 77,334 shares during the quarter. BlackRock Inc.’s holdings in International Game Technology were worth $31,692,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of IGT. Quantamental Technologies LLC acquired a new position in International Game Technology in the fourth quarter worth about $94,000. Cerebellum GP LLC raised its position in International Game Technology by 55.5% in the fourth quarter. Cerebellum GP LLC now owns 9,806 shares of the company’s stock worth $143,000 after purchasing an additional 3,498 shares in the last quarter. Voit & Company LLC acquired a new position in International Game Technology in the fourth quarter worth about $165,000. Glenmede Trust Co. NA raised its position in International Game Technology by 2,792.2% in the third quarter. Glenmede Trust Co. NA now owns 11,482 shares of the company’s stock worth $226,000 after purchasing an additional 11,085 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in International Game Technology by 11.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 17,010 shares of the company’s stock worth $249,000 after purchasing an additional 1,810 shares in the last quarter. 48.14% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on the stock. Credit Suisse Group reissued a “neutral” rating on shares of International Game Technology in a research report on Wednesday, March 20th. ValuEngine lowered shares of International Game Technology from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 7th. SunTrust Banks raised shares of International Game Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, January 9th. Deutsche Bank reissued a “buy” rating and issued a $29.00 price target on shares of International Game Technology in a research report on Monday, December 24th. Finally, Jefferies Financial Group set a $29.00 price target on shares of International Game Technology and gave the stock a “buy” rating in a research report on Thursday, December 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $23.64.

NYSE IGT opened at $13.70 on Wednesday. The company has a market cap of $2.82 billion, a PE ratio of 13.98, a PEG ratio of 1.10 and a beta of 1.32. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.14 and a quick ratio of 1.00. International Game Technology PLC has a 1-year low of $12.65 and a 1-year high of $31.00.

International Game Technology (NYSE:IGT) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.11). The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. International Game Technology had a positive return on equity of 7.64% and a negative net margin of 0.44%. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.02 EPS. Equities analysts predict that International Game Technology PLC will post 1.26 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.84%. The ex-dividend date was Wednesday, March 20th. International Game Technology’s payout ratio is 81.63%.

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International Game Technology Company Profile

International Game Technology PLC operates and provides technology products and services across lotteries, electronic gaming machines, sports betting, and interactive gaming markets worldwide. The company operates through four segments: North America Gaming and Interactive, North America Lottery, International, and Italy.

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Institutional Ownership by Quarter for International Game Technology (NYSE:IGT)

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