Schwab Charles Investment Management Inc. increased its stake in Scientific Games Corp (NASDAQ:SGMS) by 5.4% during the first quarter, Holdings Channel reports. The institutional investor owned 233,748 shares of the technology company’s stock after buying an additional 12,047 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Scientific Games Corp were worth $5,529,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Scientific Games Corp by 157,167.7% in the first quarter. BlackRock Inc. now owns 6,120,858 shares of the technology company’s stock valued at $144,758,000 after buying an additional 6,116,966 shares during the period. Vanguard Group Inc. boosted its stake in shares of Scientific Games Corp by 27.6% in the first quarter. Vanguard Group Inc. now owns 5,916,233 shares of the technology company’s stock valued at $139,918,000 after buying an additional 1,278,837 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Scientific Games Corp during the first quarter valued at approximately $14,428,000. Canada Pension Plan Investment Board acquired a new stake in shares of Scientific Games Corp during the first quarter valued at approximately $11,026,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Scientific Games Corp by 309.0% in the first quarter. Dimensional Fund Advisors LP now owns 577,388 shares of the technology company’s stock valued at $13,655,000 after buying an additional 436,231 shares during the period. 60.42% of the stock is owned by institutional investors and hedge funds.

Shares of Scientific Games Corp (NASDAQ SGMS) traded down 1.80% during mid-day trading on Monday, hitting $35.55. The stock had a trading volume of 172,674 shares. The stock’s 50-day moving average price is $28.35 and its 200-day moving average price is $23.21. Scientific Games Corp has a 12-month low of $8.07 and a 12-month high of $39.25. The stock’s market capitalization is $3.18 billion.

Scientific Games Corp (NASDAQ:SGMS) last announced its quarterly earnings results on Monday, July 24th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.52) by $0.08. The firm had revenue of $766.30 million during the quarter, compared to analyst estimates of $732.93 million. During the same period last year, the firm earned ($0.59) EPS. Scientific Games Corp’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities analysts anticipate that Scientific Games Corp will post ($2.27) EPS for the current fiscal year.

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SGMS has been the subject of several recent analyst reports. BidaskClub cut Scientific Games Corp from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Telsey Advisory Group raised their target price on Scientific Games Corp from $20.00 to $24.00 and gave the stock a “market perform” rating in a research report on Friday, April 28th. Stifel Nicolaus raised their target price on Scientific Games Corp from $22.00 to $24.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Zacks Investment Research cut Scientific Games Corp from a “buy” rating to a “hold” rating in a research report on Thursday, May 4th. Finally, ValuEngine raised Scientific Games Corp from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Scientific Games Corp currently has a consensus rating of “Hold” and a consensus target price of $30.00.

In other news, Director Michael Gavin Isaacs sold 68,036 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $38.85, for a total value of $2,643,198.60. Following the completion of the transaction, the director now owns 110,815 shares of the company’s stock, valued at approximately $4,305,162.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gabrielle K. Mcdonald sold 2,133 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $38.50, for a total transaction of $82,120.50. Following the completion of the transaction, the director now directly owns 7,173 shares of the company’s stock, valued at approximately $276,160.50. The disclosure for this sale can be found here. Insiders sold a total of 192,850 shares of company stock valued at $7,281,691 in the last three months. 41.53% of the stock is owned by company insiders.

About Scientific Games Corp

Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming, lottery and interactive gaming industries. Its segments include Gaming, Lottery and Interactive. Its portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions.

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Institutional Ownership by Quarter for Scientific Games Corp (NASDAQ:SGMS)

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