International Game Technology PLC (NYSE:IGT) shares gapped down before the market opened on Friday . The stock had previously closed at $22.18, but opened at $21.63. International Game Technology shares last traded at $21.03, with a volume of 3205029 shares.

A number of research analysts recently issued reports on IGT shares. UBS Group raised International Game Technology from a “hold” rating to a “buy” rating in a report on Friday, June 15th. Jefferies Financial Group reissued a “buy” rating and issued a $35.00 price target on shares of International Game Technology in a research note on Wednesday, August 1st. ValuEngine cut International Game Technology from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Finally, Union Gaming Research raised International Game Technology from a “hold” rating to a “buy” rating in a research note on Friday, June 15th. They noted that the move was a valuation call. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $34.00.

The stock has a market capitalization of $4.41 billion, a P/E ratio of 13.84 and a beta of 1.51. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.01 and a quick ratio of 0.88.

International Game Technology (NYSE:IGT) last announced its quarterly earnings data on Tuesday, July 31st. The company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.06). International Game Technology had a positive return on equity of 12.26% and a negative net margin of 13.37%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the business posted $0.15 earnings per share. The company’s revenue was down 1.5% compared to the same quarter last year. equities research analysts forecast that International Game Technology PLC will post 1.27 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 28th. Shareholders of record on Tuesday, August 14th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, August 13th. This represents a $0.80 dividend on an annualized basis and a yield of 3.80%. International Game Technology’s payout ratio is presently 52.63%.

Several institutional investors have recently made changes to their positions in the company. Point72 Asset Management L.P. increased its position in International Game Technology by 5.8% in the 1st quarter. Point72 Asset Management L.P. now owns 8,581,300 shares of the company’s stock worth $229,378,000 after buying an additional 472,447 shares during the period. Rubric Capital Management LP increased its position in shares of International Game Technology by 49.3% during the first quarter. Rubric Capital Management LP now owns 1,411,269 shares of the company’s stock valued at $37,723,000 after purchasing an additional 466,269 shares during the period. Peregrine Capital Management LLC increased its position in shares of International Game Technology by 1.8% during the second quarter. Peregrine Capital Management LLC now owns 1,312,047 shares of the company’s stock valued at $30,492,000 after purchasing an additional 23,365 shares during the period. FMR LLC bought a new stake in shares of International Game Technology during the second quarter valued at approximately $22,797,000. Finally, Victory Capital Management Inc. increased its position in shares of International Game Technology by 62.4% during the first quarter. Victory Capital Management Inc. now owns 837,655 shares of the company’s stock valued at $22,390,000 after purchasing an additional 321,830 shares during the period. Institutional investors and hedge funds own 40.32% of the company’s stock.

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: North America Gaming and Interactive, North America Lottery, International, and Italy segments.

Further Reading: Stock Symbols Definition, Examples, Lookup

Receive News & Ratings for International Game Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Game Technology and related companies with MarketBeat.com's FREE daily email newsletter.