International Game Technology PLC (NYSE:IGT) Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of International Game Technology PLC (NYSE:IGT) by 6.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,337 shares of the company’s stock after buying an additional 4,058 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in International Game Technology were worth $1,172,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in IGT. Norges Bank acquired a new stake in International Game Technology during the 4th quarter worth about $25,616,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of International Game Technology by 10.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,578,432 shares of the company’s stock worth $151,495,000 after purchasing an additional 787,543 shares during the period. Fox Run Management L.L.C. boosted its position in International Game Technology by 283.6% in the fourth quarter. Fox Run Management L.L.C. now owns 71,033 shares of the company’s stock valued at $1,254,000 after buying an additional 52,516 shares during the last quarter. Deutsche Bank AG boosted its position in International Game Technology by 9.3% in the fourth quarter. Deutsche Bank AG now owns 446,731 shares of the company’s stock valued at $7,889,000 after buying an additional 38,027 shares during the last quarter. Finally, Barclays PLC increased its holdings in International Game Technology by 49.1% in the 3rd quarter. Barclays PLC now owns 291,626 shares of the company’s stock worth $6,212,000 after buying an additional 96,019 shares during the period. 44.33% of the stock is owned by hedge funds and other institutional investors.

International Game Technology Stock Up 0.4%

IGT opened at $15.26 on Monday. International Game Technology PLC has a fifty-two week low of $13.81 and a fifty-two week high of $24.13. The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.31 and a current ratio of 2.36. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 25.43 and a beta of 1.61. The company has a fifty day moving average of $16.21 and a two-hundred day moving average of $17.36.

International Game Technology (NYSE:IGT) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.05). The business had revenue of $583.00 million for the quarter, compared to analysts’ expectations of $630.30 million. International Game Technology had a return on equity of 16.17% and a net margin of 4.17%. The business’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 EPS. On average, research analysts expect that International Game Technology PLC will post 1.24 earnings per share for the current year.

International Game Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 29th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.24%. The ex-dividend date of this dividend is Thursday, May 29th. International Game Technology’s payout ratio is presently 55.56%.

Analyst Ratings Changes

IGT has been the subject of several research reports. Wall Street Zen cut shares of International Game Technology from a “buy” rating to a “hold” rating in a research note on Monday, April 14th. Susquehanna reaffirmed a “positive” rating and issued a $25.00 price target (down from $30.00) on shares of International Game Technology in a report on Wednesday, May 14th. Stifel Nicolaus reaffirmed a “buy” rating and set a $20.00 price target (down from $22.00) on shares of International Game Technology in a research report on Wednesday, May 21st. Argus lowered International Game Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 20th. Finally, Truist Financial lowered their target price on International Game Technology from $20.00 to $18.00 and set a “hold” rating on the stock in a research note on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.25.

About International Game Technology

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.