International Game Technology (IGT) Given News Impact Rating of 0.11

Intl Game Tech. PLC

Shares of International Game Technology PLC (IGT) have a 7-day moving average of 22.19. Finally, Parametric Portfolio Associates LLC boosted its stake in International Game Technology by 0.3% in the first quarter. Institutional ownership can eventually exceed 100 percent of float, which means that, in addition to all the available shares, institutions have also bought up all the borrowed shares from short sellers who are betting that the stock will decline. Vanguard Group Inc. lifted its holdings in International Game Technology by 14.1% during the 2nd quarter. Bank of Montreal Can raised its holdings in International Game Technology by 0.6% during the first quarter. The company was downgraded on Thursday, January 26 by Bank of America. The original version of this news story can be viewed at Analysts expect next quarter's EPS to be $0.42 with next year's EPS anticipated to be $1.47. Parametric Portfolio Associates LLC now owns 418,488 shares of the company's stock valued at $9,918,000 after buying an additional 1,333 shares in the last quarter.

For investors it's vital to know about both type of ownership about firm, as institutional ownership is the percentage of a stock's float owned by institutions such as mutual funds, pension funds and endowments. Finally, Telsey Advisory Group cut their price target on International Game Technology from $31.00 to $27.00 and set an "outperform" rating on the stock in a research note on Friday, May 26th. It has been assigned a low target price of $29 and a high target price of $36.

Analysts await International Game Technology Ordinary Shares (NYSE:IGT) to report earnings on November, 20. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. On Friday, May 26 the stock rating was maintained by Telsey Advisory Group with "Outperform".

ILLEGAL ACTIVITY WARNING: "International Game Technology (IGT) Position Reduced by JPMorgan Chase & Co." was originally reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are accessing this report on another site, it was illegally copied and republished in violation of United States and global trademark and copyright laws.

Several equities analysts recently weighed in on IGT shares.

COO, Berg Eric A, sold 1,182 common shares of International Game Technology PLC (IGT) in the open market. The firm's 50-day moving average price is $20.52 and its 200 day moving average price is $20.79. During the last 52 weeks, the price has been as high as $32.07 and as low as $17.25. The company holds 195.74 million outstanding shares and 97.33 million shares are floating in market. The insider now holds 2,130 shares of International Game Technology PLC (IGT). This is assuming the current $0.25 EPS is accurate. The company was formerly known as GTECH S.p.A. and changed its name to International Game Technology PLC in April 2015. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. Its sales stood at 1.50% a year on average in the period of last five years. International Game Technology's revenue for the quarter was down 5.1% on a year-over-year basis.

The consensus recommendation - averaging the work of 6 analysts - of 2.3 for International Game Technology PLC (IGT) points to moderate case.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Friday, August 11th were issued a $0.20 dividend. The ex-dividend date was Wednesday the 9th of August 2017.

Tracking other technical indicators, the 14-day RSI is presently standing at 62.18, the 7-day sits at 70.92, and the 3-day is resting at 85.94 for NAPCO Security Technologies Inc (NSSC). International Game Technology's dividend payout ratio is now -142.86%.

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