State Street Corp raised its stake in International Game Technology (NYSE:IGT) by 1.8% during the first quarter, Holdings Channel reports. The institutional investor owned 1,122,207 shares of the company’s stock after buying an additional 19,574 shares during the period. State Street Corp’s holdings in International Game Technology were worth $26,597,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of International Game Technology by 1.0% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 17,950 shares of the company’s stock valued at $425,000 after buying an additional 170 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of International Game Technology by 0.6% in the first quarter. Bank of Montreal Can now owns 70,886 shares of the company’s stock valued at $1,680,000 after buying an additional 436 shares in the last quarter. Amalgamated Bank boosted its stake in shares of International Game Technology by 3.4% in the first quarter. Amalgamated Bank now owns 13,516 shares of the company’s stock valued at $320,000 after buying an additional 441 shares in the last quarter. Sei Investments Co. boosted its stake in shares of International Game Technology by 0.5% in the first quarter. Sei Investments Co. now owns 110,024 shares of the company’s stock valued at $2,607,000 after buying an additional 505 shares in the last quarter. Finally, FUKOKU MUTUAL LIFE INSURANCE Co boosted its stake in shares of 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 valued at $147,000 after buying an additional 800 shares in the last quarter. 38.22% of the stock is currently owned by institutional investors.

Shares of International Game Technology (IGT) remained flat at $20.35 during mid-day trading on Monday. 125,688 shares of the company’s stock were exchanged. The stock has a 50 day moving average of $18.67 and a 200 day moving average of $22.35. The company’s market cap is $4.13 billion. International Game Technology has a 12 month low of $17.25 and a 12 month high of $32.07.

International Game Technology (NYSE:IGT) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by $0.17. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. International Game Technology had a positive return on equity of 10.35% and a negative net margin of 2.28%. International Game Technology’s revenue was down 5.1% on a year-over-year basis. During the same period last year, the business earned $0.43 EPS. On average, equities analysts predict that International Game Technology will post $1.23 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Friday, August 11th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend is Wednesday, August 9th. International Game Technology’s dividend payout ratio (DPR) is presently -142.86%.

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Several brokerages recently weighed in on IGT. BidaskClub raised shares of International Game Technology from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. ValuEngine cut shares of International Game Technology from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Telsey Advisory Group reduced their price objective on shares of International Game Technology from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, May 26th. Wells Fargo & Company reissued a “market perform” rating and issued a $25.50 price objective on shares of International Game Technology in a research note on Wednesday, April 19th. Finally, Bank of America Corporation reaffirmed a “neutral” rating and set a $27.00 price target (up previously from $22.00) on shares of International Game Technology in a research report on Sunday, May 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. International Game Technology has an average rating of “Hold” and a consensus 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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