Ameritas Investment Partners Inc. boosted its stake in shares of Scientific Games Corp (NASDAQ:SGMS) by 13.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,673 shares of the technology company’s stock after acquiring an additional 556 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Scientific Games Corp were worth $122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Hanseatic Management Services Inc. boosted its holdings in Scientific Games Corp by 0.3% during the 2nd quarter. Hanseatic Management Services Inc. now owns 54,440 shares of the technology company’s stock valued at $1,421,000 after acquiring an additional 148 shares during the period. Louisiana State Employees Retirement System lifted its holdings in Scientific Games Corp by 1.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 21,000 shares of the technology company’s stock worth $548,000 after buying an additional 200 shares during the period. Arizona State Retirement System lifted its holdings in Scientific Games Corp by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 26,867 shares of the technology company’s stock worth $701,000 after buying an additional 200 shares during the period. Prudential Financial Inc. lifted its holdings in Scientific Games Corp by 0.3% in the 2nd quarter. Prudential Financial Inc. now owns 91,974 shares of the technology company’s stock worth $2,401,000 after buying an additional 234 shares during the period. Finally, Profund Advisors LLC lifted its holdings in Scientific Games Corp by 5.8% in the 2nd quarter. Profund Advisors LLC now owns 10,073 shares of the technology company’s stock worth $263,000 after buying an additional 553 shares during the period. Institutional investors own 62.91% of the company’s stock.

In related news, EVP James C. Kennedy sold 100,000 shares of Scientific Games Corp stock in a transaction on Monday, November 6th. The stock was sold at an average price of $48.30, for a total value of $4,830,000.00. Following the completion of the sale, the executive vice president now owns 105,029 shares of the company’s stock, valued at $5,072,900.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James C. Kennedy sold 30,384 shares of Scientific Games Corp stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $48.35, for a total value of $1,469,066.40. Following the completion of the sale, the executive vice president now directly owns 105,029 shares of the company’s stock, valued at approximately $5,078,152.15. The disclosure for this sale can be found here. 40.61% of the stock is currently owned by company insiders.

Several research firms have weighed in on SGMS. Zacks Investment Research cut Scientific Games Corp from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Craig Hallum restated a “buy” rating and issued a $56.00 target price (up previously from $45.00) on shares of Scientific Games Corp in a research note on Thursday, October 5th. Stifel Nicolaus raised their target price on Scientific Games Corp from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 18th. Finally, Bank of America Corporation restated a “buy” rating and issued a $50.00 target price (up previously from $38.00) on shares of Scientific Games Corp in a research note on Wednesday, September 20th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $42.20.

ILLEGAL ACTIVITY NOTICE: “Ameritas Investment Partners Inc. Has $122,000 Position in Scientific Games Corp (SGMS)” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://www.thecerbatgem.com/2017/11/08/ameritas-investment-partners-inc-has-122000-position-in-scientific-games-corp-sgms.html.

Scientific Games Corp (NASDAQ:SGMS) opened at $48.25 on Wednesday. Scientific Games Corp has a 52-week low of $11.35 and a 52-week high of $49.70. The company has a debt-to-equity ratio of -4.07, a current ratio of 1.83 and a quick ratio of 1.45.

Scientific Games Corp (NASDAQ:SGMS) last posted its earnings results on Wednesday, November 1st. The technology company reported ($0.66) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.44) by ($0.22). The business had revenue of $768.90 million during the quarter, compared to analyst estimates of $748.56 million. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm posted ($1.13) earnings per share. equities analysts anticipate that Scientific Games Corp will post -2.34 earnings per share for the current fiscal year.

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)

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.