Scientific Games Corp (NASDAQ:SGMS) Director David L. Kennedy sold 40,000 shares of Scientific Games Corp stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $48.26, for a total value of $1,930,400.00. Following the completion of the transaction, the director now directly owns 63,551 shares in the company, valued at approximately $3,066,971.26. The sale was disclosed in a document filed with the SEC, which is available at this link.
Scientific Games Corp (NASDAQ SGMS) opened at $47.05 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.83 and a debt-to-equity ratio of -4.07. Scientific Games Corp has a 12 month low of $12.45 and a 12 month high of $49.70.
Scientific Games Corp (NASDAQ:SGMS) last released its earnings results on Wednesday, November 1st. The technology company reported ($0.66) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.44) by ($0.22). The business had revenue of $768.90 million during the quarter, compared to the consensus estimate of $748.56 million. During the same quarter in the previous year, the business posted ($1.13) earnings per share. Scientific Games Corp’s quarterly revenue was up 6.8% on a year-over-year basis. analysts predict that Scientific Games Corp will post -2.44 earnings per share for the current year.
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SGMS has been the topic of a number of analyst reports. Craig Hallum reissued a “buy” rating and issued a $56.00 price target (up previously from $45.00) on shares of Scientific Games Corp in a research note on Thursday, October 5th. Stifel Nicolaus lifted their price target on Scientific Games Corp from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, September 18th. Bank of America Corporation reaffirmed a “buy” rating and set a $50.00 target price (up previously from $38.00) on shares of Scientific Games Corp in a research note on Wednesday, September 20th. Finally, Zacks Investment Research cut Scientific Games Corp from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Scientific Games Corp currently has a consensus rating of “Buy” and a consensus target price of $42.20.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Quadrant L P CA bought a new stake in shares of Scientific Games Corp in the 3rd quarter valued at approximately $139,000. LS Investment Advisors LLC grew its stake in shares of Scientific Games Corp by 42.2% in the 3rd quarter. LS Investment Advisors LLC now owns 3,940 shares of the technology company’s stock valued at $181,000 after buying an additional 1,170 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Scientific Games Corp in the 3rd quarter valued at approximately $201,000. Ameritas Investment Partners Inc. grew its stake in shares of Scientific Games Corp by 13.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,673 shares of the technology company’s stock valued at $122,000 after buying an additional 556 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Scientific Games Corp in the 1st quarter valued at approximately $120,000. 62.91% of the stock is owned by institutional investors and hedge funds.
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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