American Century Companies Inc. grew its stake in Scientific Games Co. (NASDAQ:SGMS) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,968 shares of the technology company’s stock after acquiring an additional 170 shares during the period. American Century Companies Inc.’s holdings in Scientific Games were worth $1,004,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Point72 Hong Kong Ltd bought a new position in Scientific Games in the 1st quarter worth about $34,000. IFP Advisors Inc grew its stake in Scientific Games by 422.5% in the 2nd quarter. IFP Advisors Inc now owns 465 shares of the technology company’s stock worth $36,000 after acquiring an additional 376 shares in the last quarter. Cypress Point Wealth Management LLC bought a new position in Scientific Games in the 2nd quarter worth about $39,000. The PNC Financial Services Group Inc. grew its stake in Scientific Games by 47.4% in the 1st quarter. The PNC Financial Services Group Inc. now owns 2,236 shares of the technology company’s stock worth $87,000 after acquiring an additional 719 shares in the last quarter. Finally, Cibc World Markets Corp bought a new position in Scientific Games in the 1st quarter worth about $233,000. Institutional investors and hedge funds own 85.30% of the company’s stock.
NASDAQ:SGMS opened at $76.52 on Friday. Scientific Games Co. has a 52 week low of $29.54 and a 52 week high of $81.00. The firm has a 50 day moving average of $68.37 and a 200 day moving average of $61.80. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of -61.71 and a beta of 2.06.
A number of equities analysts have commented on SGMS shares. Truist Securities upped their target price on shares of Scientific Games from $68.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, June 30th. Craig Hallum upped their price target on shares of Scientific Games from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, August 10th. Zacks Investment Research cut shares of Scientific Games from a “buy” rating to a “hold” rating and set a $71.00 price target for the company. in a research report on Wednesday, August 11th. Stifel Nicolaus upped their price target on shares of Scientific Games from $66.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, June 30th. Finally, Credit Suisse Group upped their price target on shares of Scientific Games from $36.00 to $39.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $69.36.
Scientific Games Company Profile
Scientific Games Corp. engages in the development of technology-based products and services and associated content. It operates through the following business segments: Gaming, Lottery, and SciPlay, and Digital. The Gaming segment designs, develops, manufactures, markets, and distributes a comprehensive portfolio of gaming products and services.
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