International Game Technology (IGT) Position Maintained by Glenmede Trust Co. NA
Glenmede Trust Co. NA continued to hold its position in International Game Technology (NYSE:IGT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,492 shares of the company’s stock at the end of the first quarter. Glenmede Trust Co. NA’s holdings in International Game Technology were worth $317,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. FMR LLC increased its position in International Game Technology by 37.8% in the first quarter. FMR LLC now owns 2,402,519 shares of the company’s stock worth $56,940,000 after buying an additional 659,564 shares in the last quarter. Vanguard Group Inc. increased its position in International Game Technology by 4.0% in the first quarter. Vanguard Group Inc. now owns 2,271,003 shares of the company’s stock worth $53,822,000 after buying an additional 86,552 shares in the last quarter. Norges Bank acquired a new position in International Game Technology during the fourth quarter worth about $45,299,000. Mittleman Brothers LLC increased its position in International Game Technology by 8.8% in the first quarter. Mittleman Brothers LLC now owns 1,729,836 shares of the company’s stock worth $40,997,000 after buying an additional 139,578 shares in the last quarter. Finally, Morgan Stanley increased its position in International Game Technology by 16.0% in the first quarter. Morgan Stanley now owns 1,374,633 shares of the company’s stock worth $32,579,000 after buying an additional 189,841 shares in the last quarter. Institutional investors own 38.22% of the company’s stock.
International Game Technology (IGT) traded down 1.28% during mid-day trading on Tuesday, hitting $20.06. 2,166,115 shares of the stock were exchanged. The company has a 50-day moving average price of $18.67 and a 200-day moving average price of $22.35. International Game Technology has a one year low of $17.25 and a one year high of $32.07. The company’s market cap is $4.07 billion.
International Game Technology (NYSE:IGT) last released its earnings results on Tuesday, August 1st. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.17. International Game Technology had a positive return on equity of 10.35% and a negative net margin of 2.28%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business posted $0.43 EPS. The firm’s revenue was down 5.1% on a year-over-year basis. Analysts forecast that International Game Technology will post $1.23 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Friday, August 11th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Wednesday, August 9th. International Game Technology’s dividend payout ratio (DPR) is -142.86%.
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A number of research analysts recently issued reports on IGT shares. Bank of America Corporation restated a “neutral” rating and set a $27.00 target price (up from $22.00) on shares of International Game Technology in a research report on Sunday, May 28th. BidaskClub upgraded shares of International Game Technology from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Wells Fargo & Company reiterated a “market perform” rating and issued a $25.50 price objective on shares of International Game Technology in a research report on Wednesday, April 19th. Telsey Advisory Group decreased their price objective on shares of International Game Technology from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Friday, May 26th. Finally, ValuEngine downgraded shares of International Game Technology from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $27.38.
About International Game Technology
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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