Scientific Games Corp (NASDAQ:SGMS) Director Michael J. Regan sold 17,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $46.88, for a total transaction of $796,960.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Scientific Games Corp (SGMS) traded up $0.50 on Friday, hitting $50.45. 833,798 shares of the stock traded hands, compared to its average volume of 1,104,035. Scientific Games Corp has a 52 week low of $13.65 and a 52 week high of $50.53. 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 (NASDAQ:SGMS) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($0.22). The firm had revenue of $768.90 million for the quarter, compared to the consensus estimate of $748.56 million. During the same period last year, the business posted ($1.13) earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. analysts anticipate that Scientific Games Corp will post -2.41 earnings per share for the current year.
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Institutional investors and hedge funds have recently made changes to their positions in the company. New York State Common Retirement Fund boosted its holdings in shares of Scientific Games Corp by 2.1% during the second quarter. New York State Common Retirement Fund now owns 253,364 shares of the technology company’s stock valued at $6,613,000 after acquiring an additional 5,149 shares during the period. Sylebra HK Co Ltd boosted its holdings in shares of Scientific Games Corp by 0.4% during the second quarter. Sylebra HK Co Ltd now owns 8,619,044 shares of the technology company’s stock valued at $224,957,000 after acquiring an additional 36,275 shares during the period. BlackRock Inc. boosted its holdings in shares of Scientific Games Corp by 157,167.7% during the first quarter. BlackRock Inc. now owns 6,120,858 shares of the technology company’s stock valued at $144,758,000 after acquiring an additional 6,116,966 shares during the period. Piedmont Investment Advisors LLC acquired a new position in shares of Scientific Games Corp during the second quarter valued at $291,000. Finally, Federated Investors Inc. PA boosted its holdings in shares of Scientific Games Corp by 57.7% during the second quarter. Federated Investors Inc. PA now owns 185,603 shares of the technology company’s stock valued at $4,844,000 after acquiring an additional 67,902 shares during the period. 62.72% of the stock is owned by institutional investors.
Several analysts have weighed in on SGMS shares. Craig Hallum reiterated a “buy” rating and set a $56.00 target price (up previously from $45.00) on shares of Scientific Games Corp in a research note on Thursday, October 5th. Stifel Nicolaus boosted their target price on shares of Scientific Games Corp from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 18th. Bank of America Corporation reiterated 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 lowered shares of Scientific Games Corp from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $42.20.
About Scientific Games Corp
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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