Dimensional Fund Advisors LP cut its position in shares of International Game Technology (NYSE:IGT) by 0.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,908,670 shares of the company’s stock after selling 3,757 shares during the period. Dimensional Fund Advisors LP’s holdings in International Game Technology were worth $45,233,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its stake in International Game Technology by 38.9% in the first quarter. PNC Financial Services Group Inc. now owns 4,989 shares of the company’s stock worth $118,000 after buying an additional 1,398 shares during the period. SG Americas Securities LLC bought a new stake in International Game Technology during the first quarter worth about $125,000. FUKOKU MUTUAL LIFE INSURANCE Co raised its stake in International Game Technology by 14.8% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 6,200 shares of the company’s stock worth $147,000 after buying an additional 800 shares during the period. LSV Asset Management bought a new stake in International Game Technology during the first quarter worth about $170,000. Finally, New York State Teachers Retirement System bought a new stake in International Game Technology during the fourth quarter worth about $212,000. Institutional investors and hedge funds own 39.77% of the company’s stock.

International Game Technology (NYSE:IGT) opened at 18.95 on Thursday. The company has a 50-day moving average price of $18.28 and a 200-day moving average price of $22.81. The stock has a market cap of $3.84 billion, a P/E ratio of 15.37 and a beta of 1.42. International Game Technology has a one year low of $17.25 and a one year high of $32.07.

International Game Technology (NYSE:IGT) last posted its quarterly earnings data on Thursday, May 25th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by $0.19. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.18 billion. International Game Technology had a return on equity of 11.97% and a net margin of 4.96%. The company’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 earnings per share. On average, analysts anticipate that International Game Technology will post $1.55 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 22nd. Stockholders of record on Thursday, June 8th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, June 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.22%. International Game Technology’s payout ratio is presently 65.04%.

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A number of research firms have recently issued reports on IGT. ValuEngine lowered International Game Technology from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Telsey Advisory Group lowered their target price on International Game Technology from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, May 26th. Argus lowered International Game Technology from a “buy” rating to a “hold” rating in a research note on Friday, March 24th. Wells Fargo & Company reiterated a “market perform” rating and issued a $25.50 target price on shares of International Game Technology in a research note on Wednesday, April 19th. Finally, Bank of America Corporation reissued a “neutral” rating and issued a $27.00 price target (up previously from $22.00) on shares of International Game Technology in a report on Sunday, May 28th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. International Game Technology has an average rating of “Hold” and an average price target of $27.38.

International Game Technology Company Profile

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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Institutional Ownership by Quarter for International Game Technology (NYSE:IGT)

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