International Game Technology PLC (NYSE:IGT) Shares Sold by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. decreased its stake in shares of International Game Technology PLC (NYSE:IGT) by 67.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,498 shares of the company’s stock after selling 30,689 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in International Game Technology were worth $256,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in IGT. Concurrent Investment Advisors LLC grew its holdings in shares of International Game Technology by 11.0% during the third quarter. Concurrent Investment Advisors LLC now owns 64,320 shares of the company’s stock valued at $1,370,000 after buying an additional 6,400 shares during the last quarter. M&G PLC lifted its position in International Game Technology by 2.9% during the 3rd quarter. M&G PLC now owns 455,533 shares of the company’s stock worth $9,566,000 after acquiring an additional 13,010 shares during the period. Victory Capital Management Inc. grew its stake in International Game Technology by 7.2% during the 3rd quarter. Victory Capital Management Inc. now owns 14,897 shares of the company’s stock valued at $317,000 after purchasing an additional 996 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of International Game Technology by 126.5% in the third quarter. Thrivent Financial for Lutherans now owns 45,960 shares of the company’s stock valued at $979,000 after purchasing an additional 25,665 shares during the period. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of International Game Technology in the third quarter worth about $1,209,000. Hedge funds and other institutional investors own 44.33% of the company’s stock.

International Game Technology Trading Down 0.4 %

Shares of NYSE:IGT opened at $17.89 on Friday. The company has a current ratio of 2.36, a quick ratio of 2.31 and a debt-to-equity ratio of 2.85. International Game Technology PLC has a 12-month low of $16.42 and a 12-month high of $25.63. The business has a 50 day moving average of $17.40 and a two-hundred day moving average of $19.37. The company has a market capitalization of $3.62 billion, a PE ratio of 29.82 and a beta of 1.91.

International Game Technology (NYSE:IGT) last posted its earnings results on Tuesday, February 25th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.10). International Game Technology had a net margin of 4.17% and a return on equity of 16.17%. The firm had revenue of $651.00 million for the quarter, compared to analysts’ expectations of $657.84 million. During the same period last year, the firm earned $0.56 earnings per share. International Game Technology’s revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, analysts forecast that International Game Technology PLC will post 1.24 EPS for the current year.

International Game Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend is Tuesday, March 11th. International Game Technology’s payout ratio is currently 46.78%.

Analyst Ratings Changes

IGT has been the topic of a number of recent research reports. Truist Financial dropped their target price on International Game Technology from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th. StockNews.com downgraded shares of International Game Technology from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

International Game Technology Profile

International Game Technology PLC operates and provides gaming technology products and services in the United States, Canada, Italy, The United Kingdom, rest of Europe, and internationally. It operates through three segments: Global Lottery, Global Gaming, and PlayDigital. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services, as well as iLottery solutions and services.