California State Teachers Retirement System decreased its position in shares of Scientific Games Corp (NASDAQ:SGMS) by 9.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 85,255 shares of the technology company’s stock after selling 9,022 shares during the period. California State Teachers Retirement System’s holdings in Scientific Games were worth $3,909,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SGMS. Whale Rock Capital Management LLC acquired a new position in Scientific Games during the 2nd quarter worth about $36,929,000. Renaissance Technologies LLC lifted its stake in Scientific Games by 152.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,538,848 shares of the technology company’s stock worth $40,164,000 after acquiring an additional 928,800 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in Scientific Games during the 2nd quarter worth about $17,104,000. FMR LLC acquired a new position in Scientific Games during the 2nd quarter worth about $15,284,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Scientific Games by 129.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 747,845 shares of the technology company’s stock worth $19,519,000 after acquiring an additional 422,065 shares in the last quarter. 63.95% of the stock is currently owned by hedge funds and other institutional investors.

In other Scientific Games news, Director David L. Kennedy sold 40,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $48.26, for a total transaction of $1,930,400.00. Following the sale, the director now owns 63,551 shares in the company, valued at approximately $3,066,971.26. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael J. Regan sold 17,000 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $46.88, for a total value of $796,960.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 195,384 shares of company stock worth $9,436,666. 40.61% of the stock is owned by company insiders.

SGMS has been the topic of several research reports. Bank of America reissued a “buy” rating and set a $50.00 target price (up previously from $38.00) on shares of Scientific Games in a research note on Wednesday, September 20th. Craig Hallum reissued a “buy” rating and set a $56.00 target price (up previously from $45.00) on shares of Scientific Games in a research note on Thursday, October 5th. Finally, Stifel Nicolaus increased their target price on Scientific Games from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, September 18th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $42.20.

Shares of Scientific Games Corp (NASDAQ SGMS) opened at $51.65 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.45 and a debt-to-equity ratio of -4.07. Scientific Games Corp has a 1-year low of $15.00 and a 1-year high of $54.95. The firm has a market capitalization of $4,640.00, a PE ratio of -14.76 and a beta of 2.65.

Scientific Games (NASDAQ:SGMS) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported ($0.66) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.44) by ($0.22). The business had revenue of $768.90 million during the quarter, compared to the consensus estimate of $748.56 million. During the same quarter last year, the business posted ($1.13) EPS. Scientific Games’s revenue for the quarter was up 6.8% compared to the same quarter last year. equities analysts expect that Scientific Games Corp will post -2.47 earnings per share for the current year.

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Scientific Games Company Profile

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 (NASDAQ:SGMS)

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