Legal & General Group Plc Buys 8,300 Shares of Scientific Games Co. (NASDAQ:SGMS)

Legal & General Group Plc grew its stake in shares of Scientific Games Co. (NASDAQ:SGMS) by 8.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,791 shares of the technology company’s stock after purchasing an additional 8,300 shares during the period. Legal & General Group Plc’s holdings in Scientific Games were worth $8,580,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Scientific Games by 18.0% during the 2nd quarter. BlackRock Inc. now owns 7,983,800 shares of the technology company’s stock valued at $618,265,000 after purchasing an additional 1,220,539 shares in the last quarter. Morgan Stanley boosted its stake in shares of Scientific Games by 2.9% during the 1st quarter. Morgan Stanley now owns 2,955,579 shares of the technology company’s stock valued at $113,848,000 after purchasing an additional 82,069 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Scientific Games by 1,573.0% during the 2nd quarter. Alliancebernstein L.P. now owns 2,337,221 shares of the technology company’s stock valued at $180,994,000 after purchasing an additional 2,197,518 shares in the last quarter. Park West Asset Management LLC lifted its position in Scientific Games by 16.2% during the 1st quarter. Park West Asset Management LLC now owns 2,255,072 shares of the technology company’s stock valued at $86,865,000 after acquiring an additional 315,072 shares during the period. Finally, Canada Pension Plan Investment Board lifted its position in Scientific Games by 104.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,564,000 shares of the technology company’s stock valued at $60,245,000 after acquiring an additional 799,700 shares during the period. 85.30% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on the stock. Credit Suisse Group lifted their price target on shares of Scientific Games from $36.00 to $39.00 and gave the company an “underperform” rating in a research report on Tuesday, August 10th. Truist Securities lifted their target price on shares of Scientific Games from $68.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, June 30th. Zacks Investment Research cut shares of Scientific Games from a “buy” rating to a “hold” rating and set a $71.00 target price for the company. in a report on Wednesday, August 11th. Craig Hallum lifted their target price on shares of Scientific Games from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, September 24th. Finally, Stifel Nicolaus lifted their target price on shares of Scientific Games from $66.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, June 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Scientific Games presently has an average rating of “Hold” and an average price target of $73.90.

Shares of NASDAQ SGMS opened at $81.92 on Thursday. The firm has a 50 day moving average of $74.50 and a 200 day moving average of $66.28. The firm has a market capitalization of $7.89 billion, a price-to-earnings ratio of -66.06 and a beta of 2.06. Scientific Games Co. has a 12-month low of $30.11 and a 12-month high of $87.45.

Scientific Games (NASDAQ:SGMS) last announced its earnings results on Monday, August 9th. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $1.01. The business had revenue of $880.00 million for the quarter, compared to the consensus estimate of $771.73 million. The business’s quarterly revenue was up 63.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($2.15) earnings per share. Analysts predict that Scientific Games Co. will post 1.2 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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