Sei Investments Co. increased its holdings in shares of Scientific Games Corp (NASDAQ:SGMS) by 29,822.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 14,363 shares of the technology company’s stock after purchasing an additional 14,315 shares during the period. Sei Investments Co.’s holdings in Scientific Games were worth $706,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC grew its holdings in shares of Scientific Games by 46.5% in the first quarter. SG Americas Securities LLC now owns 7,992 shares of the technology company’s stock worth $332,000 after purchasing an additional 2,536 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Scientific Games by 9.9% in the first quarter. American Century Companies Inc. now owns 61,530 shares of the technology company’s stock worth $2,560,000 after purchasing an additional 5,523 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of Scientific Games by 140.5% in the first quarter. Prudential Financial Inc. now owns 242,767 shares of the technology company’s stock worth $10,099,000 after purchasing an additional 141,812 shares during the last quarter. Swiss National Bank grew its holdings in shares of Scientific Games by 2.2% in the first quarter. Swiss National Bank now owns 93,400 shares of the technology company’s stock worth $3,885,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Scientific Games by 10.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 291,060 shares of the technology company’s stock worth $12,109,000 after purchasing an additional 27,100 shares during the last quarter. 70.64% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently commented on SGMS shares. Telsey Advisory Group upped their price target on shares of Scientific Games from $59.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, May 24th. BidaskClub upgraded shares of Scientific Games from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 31st. Zacks Investment Research upgraded shares of Scientific Games from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Monday, July 16th. ValuEngine cut shares of Scientific Games from a “strong-buy” rating to a “buy” rating in a report on Friday, August 3rd. Finally, Stifel Nicolaus dropped their target price on shares of Scientific Games from $57.00 to $46.00 and set a “hold” rating on the stock in a report on Friday, August 3rd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $51.29.

In other Scientific Games news, Director Barry F. Schwartz bought 5,000 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were bought at an average cost of $30.35 per share, for a total transaction of $151,750.00. Following the acquisition, the director now directly owns 101,852 shares in the company, valued at $3,091,208.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Barry L. Cottle bought 10,000 shares of the company’s stock in a transaction on Thursday, August 9th. The shares were acquired at an average price of $33.24 per share, for a total transaction of $332,400.00. Following the completion of the acquisition, the insider now owns 76,287 shares in the company, valued at $2,535,779.88. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 190,000 shares of company stock worth $6,036,900. 40.48% of the stock is owned by company insiders.

Shares of Scientific Games stock opened at $26.92 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.58 and a debt-to-equity ratio of -3.90. Scientific Games Corp has a 1 year low of $25.30 and a 1 year high of $62.80.

Scientific Games (NASDAQ:SGMS) last issued its earnings results on Thursday, August 2nd. The technology company reported ($0.06) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.06). The business had revenue of $844.70 million for the quarter, compared to the consensus estimate of $853.64 million. During the same quarter in the previous year, the company earned ($0.44) earnings per share. The firm’s revenue was up 10.2% on a year-over-year basis. research analysts expect that Scientific Games Corp will post -0.67 earnings per share for the current year.

About Scientific Games

Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and interactive gaming industries worldwide. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals (VLTs), conversion game kits, and spare parts; slot, casino, and table-management systems; table products, including shufflers; and perpetual licenses to proprietary table games.

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

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