Allspring Global Investments Holdings LLC Has $399,000 Stock Holdings in International Game Technology PLC (NYSE:IGT)

Allspring Global Investments Holdings LLC lifted its holdings in shares of International Game Technology PLC (NYSE:IGTFree Report) by 9.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,669 shares of the company’s stock after purchasing an additional 1,501 shares during the period. Allspring Global Investments Holdings LLC’s holdings in International Game Technology were worth $399,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in IGT. Bank of New York Mellon Corp grew its position in shares of International Game Technology by 6.4% during the 1st quarter. Bank of New York Mellon Corp now owns 13,871,989 shares of the company’s stock worth $313,368,000 after buying an additional 838,622 shares during the period. Capital Research Global Investors boosted its stake in International Game Technology by 102.1% during the fourth quarter. Capital Research Global Investors now owns 6,193,990 shares of the company’s stock worth $169,777,000 after acquiring an additional 3,129,559 shares in the last quarter. Parsifal Capital Management LP grew its holdings in International Game Technology by 40.8% in the fourth quarter. Parsifal Capital Management LP now owns 4,290,025 shares of the company’s stock worth $117,590,000 after purchasing an additional 1,243,514 shares during the period. Wellington Management Group LLP increased its stake in International Game Technology by 23.1% in the fourth quarter. Wellington Management Group LLP now owns 2,717,801 shares of the company’s stock valued at $74,495,000 after purchasing an additional 509,722 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of International Game Technology during the fourth quarter valued at about $35,011,000. Institutional investors and hedge funds own 44.33% of the company’s stock.

International Game Technology Stock Performance

Shares of IGT stock opened at $20.05 on Thursday. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.80 and a quick ratio of 0.67. The firm has a 50-day moving average of $20.25 and a 200-day moving average of $22.76. International Game Technology PLC has a one year low of $18.90 and a one year high of $33.99. The company has a market cap of $3.99 billion, a P/E ratio of 19.09 and a beta of 1.98.

International Game Technology (NYSE:IGTGet Free Report) last posted its earnings results on Tuesday, May 14th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.29 by $0.17. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.03 billion. International Game Technology had a net margin of 4.98% and a return on equity of 20.84%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 EPS. Equities research analysts forecast that International Game Technology PLC will post 1.53 EPS for the current fiscal year.

International Game Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend was Thursday, May 30th. International Game Technology’s dividend payout ratio (DPR) is currently 76.19%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on IGT shares. B. Riley assumed coverage on International Game Technology in a research report on Friday, April 5th. They issued a “buy” rating and a $30.00 target price for the company. Argus lowered their target price on International Game Technology from $30.00 to $27.00 and set a “buy” rating on the stock in a research report on Wednesday, March 13th. Stifel Nicolaus raised shares of International Game Technology from a “hold” rating to a “buy” rating and lifted their price target for the company from $24.00 to $26.00 in a research report on Thursday, May 30th. StockNews.com lowered shares of International Game Technology from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 5th. Finally, Truist Financial dropped their price objective on shares of International Game Technology from $26.00 to $23.00 and set a “hold” rating on the stock in a research note on Wednesday, May 15th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Read Our Latest Report on IGT

International Game Technology Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for International Game Technology (NYSE:IGT)

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