Utah Retirement Systems boosted its position in International Game Technology (NYSE:IGT) by 15.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,800 shares of the company’s stock after acquiring an additional 2,700 shares during the quarter. Utah Retirement Systems’ holdings in International Game Technology were worth $363,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IGT. LSV Asset Management bought a new position in International Game Technology in the first quarter valued at $170,000. Advisors Asset Management Inc. increased its stake in International Game Technology by 9.1% in the first quarter. Advisors Asset Management Inc. now owns 43,235 shares of the company’s stock valued at $1,025,000 after acquiring an additional 3,614 shares during the last quarter. Bank of New York Mellon Corp increased its stake in International Game Technology by 573.7% in the first quarter. Bank of New York Mellon Corp now owns 1,211,062 shares of the company’s stock valued at $28,701,000 after acquiring an additional 1,031,286 shares during the last quarter. Karp Capital Management Corp bought a new position in International Game Technology in the first quarter valued at $2,668,000. Finally, Sei Investments Co. increased its stake in 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 acquiring an additional 505 shares during the last quarter. 39.01% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “International Game Technology (IGT) Shares Bought by Utah Retirement Systems” was published by Daily Political and is owned by of Daily Political. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://www.dailypolitical.com/2017/09/16/international-game-technology-igt-shares-bought-by-utah-retirement-systems.html.

A number of research analysts recently commented on IGT shares. Bank of America Corporation reissued a “neutral” rating and issued a $27.00 target price (up previously from $22.00) on shares of International Game Technology in a research note on Sunday, May 28th. BidaskClub raised International Game Technology from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. ValuEngine cut International Game Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, Telsey Advisory Group reduced their target price on 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. International Game Technology presently has a consensus rating of “Hold” and an average target price of $27.38.

International Game Technology (NYSE:IGT) opened at 22.24 on Friday. The company’s market cap is $4.51 billion. The company has a 50-day moving average price of $20.32 and a 200-day moving average price of $20.94. International Game Technology has a 1-year low of $17.25 and a 1-year high of $32.07.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Friday, August 11th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend was Wednesday, August 9th. International Game Technology’s payout ratio is currently -142.86%.

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.

Want to see what other hedge funds are holding IGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Game Technology (NYSE:IGT).

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

Receive News & Ratings for International Game Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Game Technology and related companies with MarketBeat.com's FREE daily email newsletter.