International Game Technology (NYSE:IGT) saw some unusual options trading activity on Wednesday. Investors bought 18,602 call options on the company. This is an increase of Infinity compared to the average volume of 0 call options.

A number of research analysts recently commented on the stock. BidaskClub raised shares of International Game Technology from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Deutsche Bank AG assumed coverage on shares of International Game Technology in a research report on Tuesday, September 26th. They issued a “buy” rating and a $30.00 target price on the stock. ValuEngine downgraded shares of International Game Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, Bank of America Corporation increased their target price on shares of International Game Technology from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $28.63.

Several hedge funds have recently added to or reduced their stakes in IGT. Wellington Management Group LLP lifted its stake in shares of International Game Technology by 45.2% in the 1st quarter. Wellington Management Group LLP now owns 14,499 shares of the company’s stock worth $344,000 after acquiring an additional 4,512 shares during the period. Teachers Advisors LLC lifted its stake in shares of International Game Technology by 2.9% in the 1st quarter. Teachers Advisors LLC now owns 312,245 shares of the company’s stock worth $7,400,000 after acquiring an additional 8,793 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of International Game Technology by 38.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,989 shares of the company’s stock worth $118,000 after acquiring an additional 1,398 shares during the period. Vanguard Group Inc. lifted its stake in shares of International Game Technology by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 2,271,003 shares of the company’s stock worth $53,822,000 after acquiring an additional 86,552 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of International Game Technology by 2.5% in the 1st quarter. Geode Capital Management LLC now owns 263,355 shares of the company’s stock worth $6,240,000 after acquiring an additional 6,388 shares during the period. Institutional investors own 39.03% of the company’s stock.

Shares of International Game Technology (NYSE:IGT) opened at $28.54 on Monday. The firm has a market cap of $5,777.36, a price-to-earnings ratio of 16.59 and a beta of 1.45. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.70 and a current ratio of 0.84. International Game Technology has a 52 week low of $17.25 and a 52 week high of $32.07.

International Game Technology (NYSE:IGT) last issued its quarterly earnings results on Tuesday, November 14th. The company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.16. International Game Technology had a negative net margin of 18.62% and a positive return on equity of 10.68%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the business earned $0.45 EPS. International Game Technology’s quarterly revenue was down 3.6% compared to the same quarter last year. analysts forecast that International Game Technology will post 1.13 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Monday, November 27th. International Game Technology’s dividend payout ratio (DPR) is presently -17.78%.

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About International Game Technology

International Game Technology (IGT) is a global gaming company specializing in the design, development, manufacture, and marketing of casino-style gaming equipment, systems technology, and game content across multiple platforms: land-based, online real-money and social gaming. The Company is a supplier of gaming entertainment products worldwide.

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