Whale Rock Capital Management LLC bought a new stake in Scientific Games Corp (NASDAQ:SGMS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,414,907 shares of the technology company’s stock, valued at approximately $36,929,000. Scientific Games Corp accounts for approximately 2.6% of Whale Rock Capital Management LLC’s investment portfolio, making the stock its 19th largest position. Whale Rock Capital Management LLC owned about 1.58% of Scientific Games Corp as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SGMS. BlackRock Inc. lifted its position in shares of Scientific Games Corp by 157,167.7% in the first quarter. BlackRock Inc. now owns 6,120,858 shares of the technology company’s stock worth $144,758,000 after purchasing an additional 6,116,966 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Scientific Games Corp by 1.9% during the first quarter. Municipal Employees Retirement System of Michigan now owns 11,600 shares of the technology company’s stock worth $274,000 after purchasing an additional 220 shares during the period. Federated Investors Inc. PA boosted its holdings in shares of 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 worth $4,844,000 after purchasing an additional 67,902 shares during the period. Laurion Capital Management LP acquired a new stake in shares of Scientific Games Corp during the first quarter worth approximately $215,000. Finally, Prudential Financial Inc. boosted its holdings in shares of Scientific Games Corp by 6.1% during the first quarter. Prudential Financial Inc. now owns 91,740 shares of the technology company’s stock worth $2,170,000 after purchasing an additional 5,260 shares during the period. Institutional investors own 62.77% of the company’s stock.

Scientific Games Corp (NASDAQ SGMS) traded up 0.85% during midday trading on Wednesday, hitting $47.40. The stock had a trading volume of 181,582 shares. The firm’s market cap is $4.24 billion. The stock has a 50-day moving average of $38.46 and a 200-day moving average of $29.05. Scientific Games Corp has a 52 week low of $10.90 and a 52 week high of $47.45.

Scientific Games Corp (NASDAQ:SGMS) last released its quarterly 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 during the quarter, compared to analyst estimates of $732.93 million. During the same quarter last year, the company earned ($0.59) EPS. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. Analysts forecast that Scientific Games Corp will post ($2.23) EPS for the current fiscal year.

A number of brokerages recently commented on SGMS. Bank of America Corporation reaffirmed a “buy” rating and set a $50.00 price objective (up from $38.00) on shares of Scientific Games Corp in a research report on Wednesday, September 20th. Zacks Investment Research upgraded shares of Scientific Games Corp from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Thursday, July 20th. Stifel Nicolaus increased their target price on shares of Scientific Games Corp from $24.00 to $35.00 and gave the stock a “hold” rating in a research report on Tuesday, July 25th. Finally, BidaskClub raised shares of Scientific Games Corp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 10th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Scientific Games Corp currently has a consensus rating of “Hold” and a consensus target price of $38.75.

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In related news, EVP James C. Kennedy sold 122,681 shares of the company’s stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 186,363 shares of the company’s stock, valued at approximately $6,921,521.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gabrielle K. Mcdonald sold 2,133 shares of the company’s 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 of the company’s stock, valued at $276,160.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 192,850 shares of company stock worth $7,281,691. 41.53% of the stock is currently owned by company insiders.

Scientific Games Corp Company 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.

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

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