Northern Trust Corp Has $34.18 Million Position in Scientific Games Corp (SGMS)

Northern Trust Corp increased its stake in shares of Scientific Games Corp (NASDAQ:SGMS) by 21.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 821,706 shares of the technology company’s stock after acquiring an additional 145,318 shares during the period. Northern Trust Corp owned about 0.91% of Scientific Games worth $34,182,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Profund Advisors LLC raised its holdings in Scientific Games by 17.5% during the fourth quarter. Profund Advisors LLC now owns 8,141 shares of the technology company’s stock worth $418,000 after acquiring an additional 1,211 shares in the last quarter. LS Investment Advisors LLC raised its holdings in Scientific Games by 42.9% during the first quarter. LS Investment Advisors LLC now owns 4,441 shares of the technology company’s stock worth $185,000 after acquiring an additional 1,333 shares in the last quarter. Hanseatic Management Services Inc. raised its holdings in Scientific Games by 15.3% during the fourth quarter. Hanseatic Management Services Inc. now owns 13,039 shares of the technology company’s stock worth $669,000 after acquiring an additional 1,727 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Scientific Games by 152.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,045 shares of the technology company’s stock worth $156,000 after acquiring an additional 1,840 shares in the last quarter. Finally, Swiss National Bank raised its holdings in Scientific Games by 2.2% during the first quarter. Swiss National Bank now owns 93,400 shares of the technology company’s stock worth $3,885,000 after acquiring an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 63.57% of the company’s stock.

In other news, EVP Derik Mooberry sold 84,174 shares of the stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $59.82, for a total value of $5,035,288.68. Following the completion of the transaction, the executive vice president now directly owns 69,899 shares in the company, valued at approximately $4,181,358.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Gavin Isaacs sold 50,600 shares of the stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $45.26, for a total value of $2,290,156.00. Following the completion of the transaction, the director now owns 68,686 shares of the company’s stock, valued at $3,108,728.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 324,888 shares of company stock worth $16,972,250. Company insiders own 40.48% of the company’s stock.



SGMS has been the topic of several analyst reports. Zacks Investment Research upgraded Scientific Games from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Wednesday, May 2nd. Telsey Advisory Group upped their target price on Scientific Games from $52.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, April 4th. BidaskClub upgraded Scientific Games from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 31st. ValuEngine upgraded Scientific Games from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Finally, Bank of America dropped their target price on Scientific Games from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Friday, March 2nd. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Scientific Games has a consensus rating of “Buy” and an average target price of $58.50.

NASDAQ:SGMS opened at $57.40 on Monday. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of -25.74 and a beta of 2.50. Scientific Games Corp has a 12-month low of $24.05 and a 12-month high of $62.80. The company has a debt-to-equity ratio of -4.00, a quick ratio of 1.43 and a current ratio of 1.73.

Scientific Games (NASDAQ:SGMS) last issued its earnings results on Thursday, May 3rd. The technology company reported ($1.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.28) by ($0.91). The business had revenue of $812.00 million during the quarter, compared to analysts’ expectations of $792.62 million. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.14) earnings per share. equities research analysts predict that Scientific Games Corp will post -0.82 EPS for the current fiscal year.

Scientific Games Company Profile

Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and interactive gaming industries worldwide. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals (VLTs), conversion game kits, and spare parts; slot, casino, and table-management systems; table products, including shufflers; and perpetual licenses to proprietary table games.

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

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