Ameriprise Financial Inc. increased its position in shares of Scientific Games Corp (NASDAQ:SGMS) by 0.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 270,757 shares of the technology company’s stock after purchasing an additional 2,222 shares during the period. Ameriprise Financial Inc. owned approximately 0.30% of Scientific Games Corp worth $7,067,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. TIAA CREF Investment Management LLC increased its holdings in Scientific Games Corp by 2.4% in the second quarter. TIAA CREF Investment Management LLC now owns 142,415 shares of the technology company’s stock valued at $3,717,000 after buying an additional 3,293 shares in the last quarter. Teachers Advisors LLC increased its holdings in Scientific Games Corp by 4.8% in the second quarter. Teachers Advisors LLC now owns 99,450 shares of the technology company’s stock valued at $2,596,000 after buying an additional 4,546 shares in the last quarter. Symphony Asset Management LLC increased its holdings in Scientific Games Corp by 4.0% in the second quarter. Symphony Asset Management LLC now owns 26,656 shares of the technology company’s stock valued at $695,000 after buying an additional 1,031 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Scientific Games Corp by 7.0% in the second quarter. Alliancebernstein L.P. now owns 124,266 shares of the technology company’s stock valued at $3,243,000 after buying an additional 8,110 shares in the last quarter. Finally, Pacad Investment Ltd. increased its holdings in Scientific Games Corp by 35.5% in the second quarter. Pacad Investment Ltd. now owns 29,000 shares of the technology company’s stock valued at $757,000 after buying an additional 7,600 shares in the last quarter. 62.77% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP James C. Kennedy sold 122,681 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 186,363 shares in the company, valued at approximately $6,921,521.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the director now owns 7,173 shares in the company, valued at $276,160.50. The disclosure for this sale can be found here. Insiders sold a total of 192,850 shares of company stock worth $7,281,691 over the last quarter. Insiders own 41.53% of the company’s stock.

Scientific Games Corp (NASDAQ SGMS) opened at 42.75 on Wednesday. Scientific Games Corp has a one year low of $10.90 and a one year high of $48.05. The stock’s market capitalization is $3.82 billion. The firm has a 50-day moving average of $41.33 and a 200-day moving average of $30.48.

Scientific Games Corp (NASDAQ:SGMS) last released its quarterly earnings results on Monday, July 24th. The technology company reported ($0.44) EPS for the quarter, topping analysts’ consensus estimates 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. During the same quarter last year, the firm posted ($0.59) earnings per share. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts forecast that Scientific Games Corp will post ($2.24) earnings per share for the current year.

A number of research analysts have issued reports on SGMS shares. Craig Hallum reaffirmed a “buy” rating and issued a $56.00 target price (up from $45.00) on shares of Scientific Games Corp in a report on Thursday, October 5th. Stifel Nicolaus increased their target price on shares of Scientific Games Corp from $35.00 to $40.00 and gave the company a “hold” rating in a report on Monday, September 18th. BidaskClub cut shares of Scientific Games Corp from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Bank of America Corporation reaffirmed a “buy” rating and issued a $50.00 target price (up from $38.00) on shares of Scientific Games Corp in a report on Wednesday, September 20th. Finally, Zacks Investment Research cut shares of Scientific Games Corp from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $42.20.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/10/18/ameriprise-financial-inc-has-7-07-million-position-in-scientific-games-corp-sgms.html.

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.

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

Receive News & Stock Ratings for Scientific Games Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scientific Games Corp and related stocks with our FREE daily email newsletter.