Stifel Nicolaus Boosts Scientific Games Corp (SGMS) Price Target to $35.00
Scientific Games Corp (NASDAQ:SGMS) had its price target hoisted by Stifel Nicolaus from $24.00 to $35.00 in a report published on Tuesday, July 25th, MarketBeat Ratings reports. The firm currently has a hold rating on the technology company’s stock.
Other equities research analysts have also issued research reports about the company. Zacks Investment Research upgraded Scientific Games Corp from a hold rating to a buy rating and set a $30.00 target price on the stock in a research report on Thursday, July 20th. BidaskClub downgraded Scientific Games Corp from a strong-buy rating to a buy rating in a report on Wednesday, July 5th. ValuEngine raised Scientific Games Corp from a sell rating to a hold rating in a report on Friday, June 2nd. Finally, Telsey Advisory Group boosted their price target on Scientific Games Corp from $20.00 to $24.00 and gave the company a market perform rating in a report on Friday, April 28th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $30.00.
Scientific Games Corp (NASDAQ SGMS) traded down 0.44% during mid-day trading on Tuesday, hitting $34.15. 992,390 shares of the stock were exchanged. Scientific Games Corp has a 52-week low of $8.07 and a 52-week high of $39.25. The stock has a 50 day moving average of $31.66 and a 200-day moving average of $24.83. The stock’s market cap is $3.05 billion.
Scientific Games Corp (NASDAQ:SGMS) last issued its earnings results on Monday, July 24th. The technology company reported ($0.44) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.52) by $0.08. The firm had revenue of $766.30 million during the quarter, compared to analysts’ expectations of $732.93 million. Scientific Games Corp’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.59) EPS. Equities analysts predict that Scientific Games Corp will post ($2.27) EPS for the current fiscal year.
In other news, Director Gabrielle K. Mcdonald sold 2,133 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $38.50, for a total transaction of $82,120.50. Following the completion of the transaction, the director now directly owns 7,173 shares in the company, valued at approximately $276,160.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP James C. Kennedy sold 122,681 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $37.14, for a total value of $4,556,372.34. Following the transaction, the executive vice president now owns 186,363 shares of the company’s stock, valued at $6,921,521.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 192,850 shares of company stock valued at $7,281,691. Corporate insiders own 42.03% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System boosted its position in shares of Scientific Games Corp by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 20,800 shares of the technology company’s stock worth $492,000 after buying an additional 400 shares during the period. Fox Run Management L.L.C. raised its stake in Scientific Games Corp by 3.4% in the first quarter. Fox Run Management L.L.C. now owns 21,100 shares of the technology company’s stock worth $499,000 after buying an additional 700 shares in the last quarter. Parametrica Management Ltd bought a new stake in Scientific Games Corp during the first quarter worth about $211,000. Teachers Advisors LLC raised its stake in Scientific Games Corp by 4.2% in the fourth quarter. Teachers Advisors LLC now owns 86,229 shares of the technology company’s stock worth $1,207,000 after buying an additional 3,450 shares in the last quarter. Finally, USA Financial Portformulas Corp bought a new stake in Scientific Games Corp during the fourth quarter worth about $242,000. Institutional investors own 60.11% of the company’s stock.
About Scientific Games Corp
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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