Scientific Games Corp (SGMS) Position Increased by Alliancebernstein L.P.
Alliancebernstein L.P. increased its holdings in shares of Scientific Games Corp (NASDAQ:SGMS) by 7.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 124,266 shares of the technology company’s stock after acquiring an additional 8,110 shares during the quarter. Alliancebernstein L.P. owned approximately 0.14% of Scientific Games Corp worth $3,243,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. BlackRock Inc. lifted its holdings in Scientific Games Corp by 157,167.7% during the first quarter. BlackRock Inc. now owns 6,120,858 shares of the technology company’s stock worth $144,758,000 after acquiring an additional 6,116,966 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in Scientific Games Corp by 1.9% during the first quarter. Municipal Employees Retirement System of Michigan now owns 11,600 shares of the technology company’s stock worth $274,000 after acquiring an additional 220 shares during the period. Federated Investors Inc. PA lifted its holdings in Scientific Games Corp by 57.7% during the second quarter. Federated Investors Inc. PA now owns 185,603 shares of the technology company’s stock worth $4,844,000 after acquiring an additional 67,902 shares during the period. Laurion Capital Management LP bought a new stake in Scientific Games Corp during the first quarter worth $215,000. Finally, Prudential Financial Inc. lifted its holdings in Scientific Games Corp by 6.1% during the first quarter. Prudential Financial Inc. now owns 91,740 shares of the technology company’s stock worth $2,170,000 after acquiring an additional 5,260 shares during the period. Institutional investors and hedge funds own 62.77% of the company’s stock.
Shares of Scientific Games Corp (SGMS) opened at 48.05 on Monday. The company’s 50-day moving average price is $39.55 and its 200-day moving average price is $29.50. Scientific Games Corp has a one year low of $10.90 and a one year high of $48.05. The company’s market capitalization is $4.30 billion.
Scientific Games Corp (NASDAQ:SGMS) last released its quarterly earnings data on Monday, July 24th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.52) by $0.08. The business had revenue of $766.30 million during the quarter, compared to the consensus estimate of $732.93 million. The business’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company posted ($0.59) earnings per share. On average, equities research analysts predict that Scientific Games Corp will post ($2.24) earnings per share for the current year.
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In other news, Director Michael Gavin Isaacs sold 68,036 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $38.85, for a total transaction of $2,643,198.60. Following the transaction, the director now directly owns 110,815 shares of the company’s stock, valued at approximately $4,305,162.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gabrielle K. Mcdonald sold 2,133 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $38.50, for a total value of $82,120.50. Following the transaction, the director now directly owns 7,173 shares in the company, valued at $276,160.50. The disclosure for this sale can be found here. Insiders have sold a total of 192,850 shares of company stock worth $7,281,691 over the last three months. Insiders own 41.53% of the company’s stock.
SGMS has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their price target on Scientific Games Corp from $24.00 to $35.00 and gave the stock a “hold” rating in a report on Tuesday, July 25th. BidaskClub lowered Scientific Games Corp from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Zacks Investment Research upgraded Scientific Games Corp from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Thursday, July 20th. Bank of America Corporation reiterated a “buy” rating and set a $50.00 price target (up from $38.00) on shares of Scientific Games Corp in a report on Wednesday, September 20th. Finally, Craig Hallum reiterated a “buy” rating and set a $56.00 price target (up from $45.00) on shares of Scientific Games Corp in a report on Thursday. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Scientific Games Corp has an average rating of “Buy” and a consensus target price of $42.20.
About Scientific Games Corp
Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming, lottery and interactive gaming industries. Its segments include Gaming, Lottery and Interactive. Its portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions.
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