Shares of International Game Technology (NYSE:IGT) fell 1.4% during mid-day trading on Thursday . The company traded as low as $22.60 and last traded at $22.64, with a volume of 358,668 shares trading hands. The stock had previously closed at $22.95.

A number of brokerages have recently weighed in on IGT. Telsey Advisory Group increased their target price on International Game Technology from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, July 29th. Bank of America Corp. reiterated a “buy” rating on shares of International Game Technology in a research note on Wednesday, June 22nd. Macquarie began coverage on International Game Technology in a research note on Tuesday, June 14th. They set an “outperform” rating and a $26.00 target price on the stock. Finally, Sterne Agee CRT reiterated a “hold” rating on shares of International Game Technology in a research note on Sunday, May 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $21.42.

The company has a 50-day moving average price of $21.00 and a 200-day moving average price of $18.21. The company has a market cap of $4.59 billion and a PE ratio of 75.81.

International Game Technology (NYSE:IGT) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by $0.04. The business earned $1.29 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the company earned $0.38 earnings per share. The business’s quarterly revenue was up .9% on a year-over-year basis. Equities research analysts forecast that International Game Technology will post $1.95 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Monday, August 8th.

A hedge fund recently raised its stake in International Game Technology stock. Rhumbline Advisers raised its position in International Game Technology (NYSE:IGT) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 63,907 shares of the company’s stock after buying an additional 610 shares during the period. Rhumbline Advisers’ holdings in International Game Technology were worth $1,034,000 as of its most recent filing with the SEC.

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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