California State Teachers Retirement System lessened its holdings in Scientific Games Corp (NASDAQ:SGMS) by 7.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 94,277 shares of the technology company’s stock after selling 8,031 shares during the period. California State Teachers Retirement System owned 0.11% of Scientific Games Corp worth $2,461,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of SGMS. Teachers Advisors LLC raised its stake in Scientific Games Corp by 10.1% in the 1st quarter. Teachers Advisors LLC now owns 94,904 shares of the technology company’s stock valued at $2,244,000 after acquiring an additional 8,675 shares during the period. Legal & General Group Plc raised its stake in Scientific Games Corp by 12.4% in the 1st quarter. Legal & General Group Plc now owns 94,474 shares of the technology company’s stock valued at $2,232,000 after acquiring an additional 10,392 shares during the period. Thrivent Financial For Lutherans raised its stake in Scientific Games Corp by 6.1% in the 1st quarter. Thrivent Financial For Lutherans now owns 28,940 shares of the technology company’s stock valued at $684,000 after acquiring an additional 1,670 shares during the period. Vanguard Group Inc. raised its stake in Scientific Games Corp by 27.6% in the 1st quarter. Vanguard Group Inc. now owns 5,916,233 shares of the technology company’s stock valued at $139,918,000 after acquiring an additional 1,278,837 shares during the period. Finally, Geode Capital Management LLC raised its stake in Scientific Games Corp by 17.8% in the 1st quarter. Geode Capital Management LLC now owns 462,241 shares of the technology company’s stock valued at $10,931,000 after acquiring an additional 69,829 shares during the period. Institutional investors and hedge funds own 62.91% of the company’s stock.
In related news, Director David L. Kennedy sold 40,000 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 63,551 shares in the company, valued at $3,066,971.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James C. Kennedy sold 30,384 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $48.35, for a total value of $1,469,066.40. Following the completion of the transaction, the executive vice president now owns 105,029 shares in the company, valued at approximately $5,078,152.15. The disclosure for this sale can be found here. Insiders sold 170,384 shares of company stock worth $8,229,466 in the last 90 days. 40.61% of the stock is owned by company insiders.
SGMS has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price target on Scientific Games Corp from $24.00 to $35.00 and gave the company a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded Scientific Games Corp from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Thursday, July 20th. Bank of America Corporation reiterated a “buy” rating and set a $50.00 price objective (up previously from $38.00) on shares of Scientific Games Corp in a research report on Wednesday, September 20th. Finally, Craig Hallum reiterated a “buy” rating and set a $56.00 price objective (up previously from $45.00) on shares of Scientific Games Corp in a research report on Thursday, October 5th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $42.20.
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Scientific Games Corp (NASDAQ SGMS) opened at $47.05 on Friday. The company has a debt-to-equity ratio of -4.07, a current ratio of 1.83 and a quick ratio of 1.45. 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 posted its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.22). The business had revenue of $768.90 million during the quarter, compared to analysts’ expectations of $748.56 million. Scientific Games Corp’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the firm earned ($1.13) EPS. equities research analysts anticipate that Scientific Games Corp will post -2.41 earnings per share for the current year.
Scientific Games Corp 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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