Whale Rock Capital Management LLC Has $95.99 Million Holdings in Scientific Games Corp (SGMS)

Whale Rock Capital Management LLC grew its holdings in Scientific Games Corp (NASDAQ:SGMS) by 48.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,093,468 shares of the technology company’s stock after purchasing an additional 678,561 shares during the period. Scientific Games makes up 5.0% of Whale Rock Capital Management LLC’s investment portfolio, making the stock its 5th largest position. Whale Rock Capital Management LLC owned 2.34% of Scientific Games worth $95,986,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Hanseatic Management Services Inc. lifted its stake in shares of Scientific Games by 0.3% in the 2nd quarter. Hanseatic Management Services Inc. now owns 54,440 shares of the technology company’s stock valued at $1,421,000 after purchasing an additional 148 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Scientific Games by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 26,867 shares of the technology company’s stock valued at $701,000 after purchasing an additional 200 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of Scientific Games by 0.3% in the 2nd quarter. Prudential Financial Inc. now owns 91,974 shares of the technology company’s stock valued at $2,401,000 after purchasing an additional 234 shares during the last quarter. Profund Advisors LLC lifted its stake in shares of Scientific Games by 5.8% in the 2nd quarter. Profund Advisors LLC now owns 10,073 shares of the technology company’s stock valued at $263,000 after purchasing an additional 553 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its stake in shares of Scientific Games 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 purchasing an additional 556 shares during the last quarter. 63.97% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP James C. Kennedy sold 30,384 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $48.35, for a total transaction of $1,469,066.40. Following the transaction, the executive vice president now owns 105,029 shares of the company’s stock, valued at approximately $5,078,152.15. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP James C. Kennedy sold 100,000 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $48.30, for a total value of $4,830,000.00. Following the transaction, the executive vice president now directly owns 105,029 shares in the company, valued at approximately $5,072,900.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 187,384 shares of company stock worth $9,026,426. 40.61% of the stock is owned by corporate insiders.

Scientific Games Corp (NASDAQ:SGMS) opened at $51.65 on Friday. Scientific Games Corp has a 12 month low of $13.65 and a 12 month high of $54.95. 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 (NASDAQ:SGMS) last posted its earnings results on Wednesday, November 1st. The technology company reported ($0.66) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.44) by ($0.22). The company had revenue of $768.90 million during the quarter, compared to analysts’ expectations of $748.56 million. During the same quarter last year, the firm posted ($1.13) earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. equities analysts predict that Scientific Games Corp will post -2.47 earnings per share for the current year.

Several brokerages have recently commented on SGMS. Craig Hallum reaffirmed a “buy” rating and issued a $56.00 price target (up previously from $45.00) on shares of Scientific Games in a research note on Thursday, October 5th. Bank of America reaffirmed a “buy” rating and issued a $50.00 price target (up previously from $38.00) on shares of Scientific Games in a research note on Wednesday, September 20th. Finally, Stifel Nicolaus upped their price target on Scientific Games from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 18th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $42.20.

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About Scientific Games

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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Institutional Ownership by Quarter for Scientific Games (NASDAQ:SGMS)

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