Brightstar Lottery $BRSL Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its stake in Brightstar Lottery (NYSE:BRSL) by 3.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,965,735 shares of the company’s stock after selling 223,859 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Brightstar Lottery were worth $74,673,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its holdings in Brightstar Lottery by 396.0% in the first quarter. Empowered Funds LLC now owns 18,134 shares of the company’s stock valued at $231,000 after buying an additional 14,478 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Brightstar Lottery by 17.3% during the 1st quarter. Bank of America Corp DE now owns 1,031,022 shares of the company’s stock valued at $13,135,000 after acquiring an additional 151,839 shares during the period. Sunbelt Securities Inc. purchased a new stake in shares of Brightstar Lottery during the 1st quarter worth approximately $194,000. Royal Bank of Canada boosted its stake in shares of Brightstar Lottery by 19.5% during the 1st quarter. Royal Bank of Canada now owns 71,273 shares of the company’s stock worth $908,000 after acquiring an additional 11,636 shares in the last quarter. Finally, Quantinno Capital Management LP grew its holdings in shares of Brightstar Lottery by 26.5% in the 1st quarter. Quantinno Capital Management LP now owns 26,069 shares of the company’s stock worth $332,000 after acquiring an additional 5,454 shares during the period. Hedge funds and other institutional investors own 44.33% of the company’s stock.

Analysts Set New Price Targets

BRSL has been the subject of several research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 price objective (down from $20.00) on shares of Brightstar Lottery in a research note on Wednesday, May 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brightstar Lottery in a research report on Friday, July 10th. Argus lowered Brightstar Lottery from a “buy” rating to a “hold” rating in a report on Monday, June 29th. Truist Financial dropped their price target on Brightstar Lottery from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Monday, July 20th. Finally, Zacks Research raised Brightstar Lottery from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $15.10.

Brightstar Lottery Trading Up 0.9%

Shares of BRSL stock opened at $11.79 on Friday. The company has a 50-day moving average price of $11.01. Brightstar Lottery has a twelve month low of $9.90 and a twelve month high of $18.57. The firm has a market cap of $2.20 billion, a P/E ratio of 9.07 and a beta of 1.03. The company has a quick ratio of 1.00, a current ratio of 1.10 and a debt-to-equity ratio of 2.16.

Brightstar Lottery (NYSE:BRSL) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.12. The company had revenue of $584.00 million for the quarter. Brightstar Lottery had a net margin of 10.05% and a return on equity of 10.47%. As a group, research analysts predict that Brightstar Lottery will post 0.35 earnings per share for the current year.

Brightstar Lottery Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, August 18th. This represents a $0.92 dividend on an annualized basis and a yield of 7.8%. Brightstar Lottery’s dividend payout ratio (DPR) is 70.77%.

Brightstar Lottery Company Profile

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.