International Game Technology PLC (NYSE:IGT) Position Trimmed by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in International Game Technology PLC (NYSE:IGT) by 4.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,732 shares of the company’s stock after selling 1,206 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in International Game Technology were worth $527,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Hexagon Capital Partners LLC grew its stake in shares of International Game Technology by 26.1% in the 3rd quarter. Hexagon Capital Partners LLC now owns 2,798 shares of the company’s stock valued at $60,000 after buying an additional 579 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of International Game Technology by 44.4% in the 3rd quarter. SG Americas Securities LLC now owns 34,640 shares of the company’s stock valued at $738,000 after buying an additional 10,654 shares in the last quarter. Quarry LP grew its stake in shares of International Game Technology by 99.1% in the 2nd quarter. Quarry LP now owns 5,460 shares of the company’s stock valued at $112,000 after buying an additional 2,717 shares in the last quarter. Algert Global LLC bought a new stake in shares of International Game Technology in the 2nd quarter valued at approximately $3,145,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in shares of International Game Technology in the 2nd quarter valued at approximately $31,000. Institutional investors own 44.33% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Stifel Nicolaus boosted their target price on International Game Technology from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. B. Riley restated a “buy” rating and issued a $30.00 target price on shares of International Game Technology in a report on Friday, July 26th. Finally, StockNews.com lowered International Game Technology from a “buy” rating to a “hold” rating in a report on Friday, September 13th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $28.67.

International Game Technology Stock Up 1.1 %

Shares of IGT stock opened at $20.55 on Friday. International Game Technology PLC has a 12 month low of $18.90 and a 12 month high of $29.17. The firm has a market cap of $4.09 billion, a PE ratio of 20.15 and a beta of 1.95. The stock has a 50 day moving average of $21.22 and a 200-day moving average of $20.88. The company has a quick ratio of 0.71, a current ratio of 0.84 and a debt-to-equity ratio of 2.57.

International Game Technology (NYSE:IGT) last issued its earnings results on Tuesday, July 30th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.06 billion. International Game Technology had a return on equity of 19.95% and a net margin of 4.89%. International Game Technology’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. On average, equities analysts predict that International Game Technology PLC will post 1.41 EPS for the current year.

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.