Scientific Games Co. (NASDAQ:SGMS) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. grew its holdings in Scientific Games Co. (NASDAQ:SGMS) by 66.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 345,801 shares of the technology company’s stock after buying an additional 137,829 shares during the quarter. Principal Financial Group Inc.’s holdings in Scientific Games were worth $28,726,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SGMS. Envestnet Asset Management Inc. acquired a new stake in shares of Scientific Games in the 2nd quarter valued at approximately $559,000. American Century Companies Inc. lifted its holdings in shares of Scientific Games by 1.3% in the 2nd quarter. American Century Companies Inc. now owns 12,968 shares of the technology company’s stock valued at $1,004,000 after buying an additional 170 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in shares of Scientific Games by 17.4% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 3,310 shares of the technology company’s stock valued at $256,000 after buying an additional 490 shares during the period. Citigroup Inc. lifted its holdings in shares of Scientific Games by 376.5% in the 2nd quarter. Citigroup Inc. now owns 47,659 shares of the technology company’s stock valued at $3,691,000 after buying an additional 37,658 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of Scientific Games by 26.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 28,028 shares of the technology company’s stock valued at $2,170,000 after buying an additional 5,853 shares during the period. 93.71% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently commented on SGMS. Berenberg Bank initiated coverage on Scientific Games in a report on Tuesday, October 19th. They issued a “buy” rating and a $98.00 price target for the company. Truist Securities reduced their price objective on Scientific Games from $110.00 to $85.00 and set a “buy” rating for the company in a report on Thursday. Craig Hallum lifted their price objective on Scientific Games from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, September 24th. Stifel Nicolaus cut Scientific Games from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $84.00 to $90.00 in a report on Wednesday, November 3rd. Finally, Credit Suisse Group lifted their price objective on Scientific Games from $39.00 to $45.00 and gave the stock an “underperform” rating in a report on Wednesday, November 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Scientific Games currently has an average rating of “Hold” and a consensus target price of $81.50.

NASDAQ SGMS opened at $61.30 on Friday. Scientific Games Co. has a fifty-two week low of $36.89 and a fifty-two week high of $90.20. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 33.50 and a beta of 1.93. The business has a fifty day moving average of $65.22 and a 200-day moving average of $71.02.

Scientific Games (NASDAQ:SGMS) last released its quarterly earnings results on Tuesday, November 9th. The technology company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.51. Scientific Games had a negative return on equity of 5.54% and a net margin of 6.39%. The company had revenue of $539.00 million during the quarter, compared to analysts’ expectations of $759.57 million. As a group, analysts forecast that Scientific Games Co. will post 2.95 EPS for the current fiscal year.

About Scientific Games

Scientific Games Corp. engages in the development of technology-based products and services and associated content. It operates through the following business segments: Gaming, Lottery, and SciPlay, and Digital. The Gaming segment designs, develops, manufactures, markets, and distributes a comprehensive portfolio of gaming products and services.

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Institutional Ownership by Quarter for Scientific Games (NASDAQ:SGMS)

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