BlackRock Inc. boosted its stake in Scientific Games Corp (NASDAQ:SGMS) by 157,167.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 6,120,858 shares of the technology company’s stock after buying an additional 6,116,966 shares during the period. BlackRock Inc. owned approximately 6.94% of Scientific Games Corp worth $144,758,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Scientific Games Corp by 27.6% in the first quarter. Vanguard Group Inc. now owns 5,916,233 shares of the technology company’s stock valued at $139,918,000 after buying an additional 1,278,837 shares in the last quarter. State Street Corp increased its position in shares of Scientific Games Corp by 10.1% in the fourth quarter. State Street Corp now owns 1,149,643 shares of the technology company’s stock valued at $16,095,000 after buying an additional 105,799 shares during the period. Bank of New York Mellon Corp increased its position in shares of Scientific Games Corp by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 621,125 shares of the technology company’s stock valued at $14,689,000 after buying an additional 16,369 shares during the period. Bogle Investment Management L P DE increased its position in shares of Scientific Games Corp by 101.8% in the first quarter. Bogle Investment Management L P DE now owns 610,609 shares of the technology company’s stock valued at $14,440,000 after buying an additional 308,032 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of Scientific Games Corp during the first quarter valued at approximately $14,428,000. 60.11% of the stock is currently owned by hedge funds and other institutional investors.
Scientific Games Corp (NASDAQ:SGMS) traded down 0.44% during trading on Friday, hitting $34.15. The stock had a trading volume of 992,390 shares. Scientific Games Corp has a one year low of $8.07 and a one year high of $39.25. The firm has a 50 day moving average of $31.66 and a 200-day moving average of $24.83. The company’s market cap is $3.05 billion.
Scientific Games Corp (NASDAQ:SGMS) last issued its quarterly earnings data on Monday, July 24th. The technology company reported ($0.44) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.52) by $0.08. The firm had revenue of $766.30 million during the quarter, compared to analyst estimates of $732.93 million. During the same period in the previous year, the firm posted ($0.59) earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities analysts anticipate that Scientific Games Corp will post ($2.27) earnings per share for the current fiscal year.
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Several equities analysts have commented on the company. Zacks Investment Research raised Scientific Games Corp from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Tuesday, August 1st. Stifel Nicolaus upped their price objective on Scientific Games Corp from $24.00 to $35.00 and gave the company a “hold” rating in a research report on Tuesday, July 25th. BidaskClub downgraded Scientific Games Corp from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. ValuEngine raised Scientific Games Corp from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Telsey Advisory Group increased their price target on Scientific Games Corp from $20.00 to $24.00 and gave the stock a “market perform” rating in a research report on Friday, April 28th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $30.00.
In related news, EVP James C. Kennedy sold 122,681 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $37.14, for a total transaction of $4,556,372.34. Following the completion of the transaction, the executive vice president now directly owns 186,363 shares of the company’s stock, valued at approximately $6,921,521.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gabrielle K. Mcdonald sold 2,133 shares of Scientific Games Corp stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $38.50, for a total value of $82,120.50. Following the sale, the director now directly owns 7,173 shares of the company’s stock, valued at $276,160.50. The disclosure for this sale can be found here. Insiders sold 192,850 shares of company stock valued at $7,281,691 over the last ninety days. Insiders own 42.03% of the company’s stock.
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.
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