Hennessy Advisors Inc. reduced its holdings in shares of Scientific Games Corp (NASDAQ:SGMS) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 192,700 shares of the technology company’s stock after selling 3,800 shares during the period. Hennessy Advisors Inc. owned about 0.22% of Scientific Games Corp worth $5,029,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Pacad Investment Ltd. grew its position in Scientific Games Corp by 35.5% during the second quarter. Pacad Investment Ltd. now owns 29,000 shares of the technology company’s stock valued at $757,000 after acquiring an additional 7,600 shares during the last quarter. Principal Financial Group Inc. grew its position in Scientific Games Corp by 0.8% during the second quarter. Principal Financial Group Inc. now owns 391,733 shares of the technology company’s stock valued at $10,224,000 after acquiring an additional 3,212 shares during the last quarter. Balter Liquid Alternatives LLC bought a new position in Scientific Games Corp during the second quarter valued at approximately $914,000. Prudential Financial Inc. grew its position in Scientific Games Corp by 0.3% during the second quarter. Prudential Financial Inc. now owns 91,974 shares of the technology company’s stock valued at $2,401,000 after acquiring an additional 234 shares during the last quarter. Finally, Federated Investors Inc. PA grew its position in Scientific Games Corp by 57.7% during the second quarter. Federated Investors Inc. PA now owns 185,603 shares of the technology company’s stock valued at $4,844,000 after acquiring an additional 67,902 shares during the last quarter. Institutional investors and hedge funds own 62.90% of the company’s stock.

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In other news, Director Gabrielle K. Mcdonald sold 2,133 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 7,173 shares of the company’s stock, valued at approximately $276,160.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael Gavin Isaacs sold 68,036 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $38.85, for a total value of $2,643,198.60. Following the transaction, the director now directly owns 110,815 shares in the company, valued at approximately $4,305,162.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 192,850 shares of company stock worth $7,281,691. Corporate insiders own 42.03% of the company’s stock.

Scientific Games Corp (NASDAQ SGMS) traded up 0.14% during mid-day trading on Friday, hitting $35.95. The stock had a trading volume of 514,061 shares. The stock’s 50-day moving average price is $35.46 and its 200-day moving average price is $26.38. The stock’s market cap is $3.21 billion. Scientific Games Corp has a 12 month low of $9.76 and a 12 month high of $39.25.

Scientific Games Corp (NASDAQ:SGMS) last released its earnings results on Monday, July 24th. The technology company reported ($0.44) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.52) by $0.08. The company had revenue of $766.30 million for the quarter, compared to the consensus estimate of $732.93 million. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.59) EPS. On average, analysts predict that Scientific Games Corp will post ($2.23) earnings per share for the current year.

SGMS has been the topic of a number of recent research reports. ValuEngine upgraded shares of Scientific Games Corp from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Scientific Games Corp from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Thursday, July 20th. Stifel Nicolaus increased their price target on shares of Scientific Games Corp from $24.00 to $35.00 and gave the company a “hold” rating in a research report on Tuesday, July 25th. Finally, BidaskClub upgraded shares of Scientific Games Corp from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 10th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Scientific Games Corp presently has an average rating of “Hold” and a consensus price target of $30.00.

Scientific Games Corp 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 Corp (NASDAQ:SGMS)

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