International Game Technology PLC (NYSE:IGT) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its position in International Game Technology PLC (NYSE:IGT) by 10.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,578,432 shares of the company’s stock after buying an additional 787,543 shares during the quarter. Massachusetts Financial Services Co. MA owned about 4.31% of International Game Technology worth $151,495,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in International Game Technology in the 4th quarter valued at about $45,000. Cibc World Markets Corp bought a new stake in International Game Technology during the fourth quarter worth approximately $188,000. Point72 DIFC Ltd grew its position in International Game Technology by 7.9% in the third quarter. Point72 DIFC Ltd now owns 12,870 shares of the company’s stock worth $274,000 after buying an additional 947 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of International Game Technology by 4.2% in the fourth quarter. Victory Capital Management Inc. now owns 15,519 shares of the company’s stock valued at $274,000 after buying an additional 622 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of International Game Technology by 5.1% during the 4th quarter. Van ECK Associates Corp now owns 23,749 shares of the company’s stock valued at $419,000 after acquiring an additional 1,145 shares during the last quarter. Institutional investors own 44.33% of the company’s stock.

International Game Technology Stock Down 4.7 %

NYSE:IGT opened at $14.60 on Friday. The business’s fifty day moving average price is $17.09 and its 200 day moving average price is $18.61. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 24.33 and a beta of 1.86. The company has a current ratio of 2.36, a quick ratio of 2.31 and a debt-to-equity ratio of 2.85. International Game Technology PLC has a 1-year low of $13.88 and a 1-year high of $24.13.

International Game Technology (NYSE:IGT) last issued its earnings results on Tuesday, February 25th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.10). The business had revenue of $651.00 million during the quarter, compared to analyst estimates of $657.84 million. International Game Technology had a net margin of 4.17% and a return on equity of 16.17%. International Game Technology’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 EPS. On average, sell-side analysts forecast that International Game Technology PLC will post 1.24 earnings per share for the current fiscal year.

International Game Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.48%. The ex-dividend date of this dividend was Tuesday, March 11th. International Game Technology’s dividend payout ratio is currently 46.78%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Truist Financial cut their target price on International Game Technology from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th. StockNews.com raised shares of International Game Technology from a “hold” rating to a “buy” rating in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.25.

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.