International Game Technology (NYSE:IGT)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $20.08 and last traded at $20.00, with a volume of 906,098 shares. The stock had previously closed at $19.98.

IGT has been the subject of a number of research reports. Bank of America Corp. reiterated a “buy” rating and set a $23.00 target price on shares of International Game Technology in a report on Tuesday, March 22nd. Sterne Agee CRT increased their target price on International Game Technology from $16.00 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday, April 12th. Finally, Macquarie initiated coverage on International Game Technology in a report on Tuesday, June 14th. They set an “outperform” rating and a $26.00 target price for the company. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.43.

The firm’s market capitalization is $4.04 billion. The company has a 50-day moving average price of $19.03 and a 200-day moving average price of $16.91.

International Game Technology (NYSE:IGT) last released its earnings results on Thursday, May 26th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.09. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.28 billion. International Game Technology’s revenue for the quarter was up 51.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.15) EPS. Analysts anticipate that International Game Technology will post $2.00 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 23rd. Investors of record on Thursday, June 9th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend was Tuesday, June 7th.

Several institutional investors have added to or reduced their stakes in the stock. Twin Capital Management Inc. raised its position in International Game Technology by 28.4% in the fourth quarter. Twin Capital Management Inc. now owns 62,630 shares of the company’s stock valued at $1,013,000 after buying an additional 13,850 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of International Game Technology by 1.0% in the fourth quarter. Rhumbline Advisers now owns 63,907 shares of the company’s stock valued at $1,034,000 after buying an additional 610 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of International Game Technology by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 176,277 shares of the company’s stock valued at $2,852,000 after buying an additional 2,839 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of International Game Technology by 9.6% in the fourth quarter. California Public Employees Retirement System now owns 376,824 shares of the company’s stock valued at $6,097,000 after buying an additional 33,100 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of International Game Technology by 111.4% in the fourth quarter. New York State Common Retirement Fund now owns 456,100 shares of the company’s stock valued at $7,380,000 after buying an additional 240,300 shares during the last quarter.

International Game Technology (IGT) is a global gaming company specializing in the design, development, manufacture, and marketing of casino-style gaming equipment, systems technology, and game content across multiple platforms: land-based, online real-money and social gaming. The Company is a supplier of gaming entertainment products worldwide.

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