42,896 Shares in International Game Technology PLC (NYSE:IGT) Bought by Semanteon Capital Management LP

Semanteon Capital Management LP bought a new position in International Game Technology PLC (NYSE:IGT) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 42,896 shares of the company’s stock, valued at approximately $1,176,000.

Several other hedge funds also recently bought and sold shares of the company. Huntington National Bank boosted its holdings in International Game Technology by 113.2% in the 3rd quarter. Huntington National Bank now owns 921 shares of the company’s stock worth $28,000 after buying an additional 489 shares during the period. CWM LLC boosted its holdings in International Game Technology by 166.5% in the 3rd quarter. CWM LLC now owns 898 shares of the company’s stock worth $27,000 after buying an additional 561 shares during the period. Amalgamated Bank boosted its holdings in International Game Technology by 4.2% in the 3rd quarter. Amalgamated Bank now owns 16,766 shares of the company’s stock worth $508,000 after buying an additional 682 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in International Game Technology by 10.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 8,425 shares of the company’s stock worth $231,000 after buying an additional 805 shares during the period. Finally, Allworth Financial LP boosted its holdings in International Game Technology by 770.0% in the 3rd quarter. Allworth Financial LP now owns 957 shares of the company’s stock worth $29,000 after buying an additional 847 shares during the period. Institutional investors own 44.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on IGT shares. Jefferies Financial Group reissued a “hold” rating and set a $29.00 price objective (down previously from $36.00) on shares of International Game Technology in a report on Thursday, January 4th. B. Riley started coverage on shares of International Game Technology in a report on Friday, April 5th. They set a “buy” rating and a $30.00 price objective for the company. StockNews.com raised shares of International Game Technology from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 3rd. Truist Financial dropped their price objective on shares of International Game Technology from $28.00 to $26.00 and set a “hold” rating for the company in a report on Tuesday. Finally, Argus dropped their price objective on shares of International Game Technology from $30.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, March 13th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $31.00.

International Game Technology Trading Down 1.3 %

IGT traded down $0.27 on Thursday, hitting $20.27. The company had a trading volume of 632,002 shares, compared to its average volume of 1,206,679. The company has a market cap of $4.03 billion, a PE ratio of 26.66 and a beta of 1.94. International Game Technology PLC has a 12-month low of $19.54 and a 12-month high of $33.99. The company has a quick ratio of 1.07, a current ratio of 1.26 and a debt-to-equity ratio of 2.90. The business’s fifty day simple moving average is $22.68 and its 200 day simple moving average is $25.64.

International Game Technology (NYSE:IGT) last released its quarterly earnings results on Tuesday, March 12th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.45 by $0.11. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. International Game Technology had a return on equity of 21.10% and a net margin of 3.62%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.40 earnings per share. Equities research analysts expect that International Game Technology PLC will post 1.46 EPS for the current year.

International Game Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Tuesday, March 26th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 25th. This represents a $0.80 annualized dividend and a yield of 3.95%. International Game Technology’s dividend payout ratio is currently 105.26%.

International Game Technology Company Profile

International Game Technology PLC operates and provides gaming technology products and services in the United States, Canada, Italy, The United Kingdom, rest of Europe, and internationally. It operates through three segments: Global Lottery, Global Gaming, and PlayDigital. 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, as well as iLottery solutions and services.