State Board of Administration of Florida Retirement System decreased its holdings in shares of Scientific Games Corp (NASDAQ:SGMS) by 9.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,824 shares of the technology company’s stock after selling 5,260 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.06% of Scientific Games Corp worth $2,376,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. First Quadrant L P CA bought a new stake in Scientific Games Corp during the third quarter valued at $139,000. LS Investment Advisors LLC lifted its stake in Scientific Games Corp by 42.2% during the third quarter. LS Investment Advisors LLC now owns 3,940 shares of the technology company’s stock worth $181,000 after purchasing an additional 1,170 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in Scientific Games Corp by 13.5% during the second quarter. Ameritas Investment Partners Inc. now owns 4,673 shares of the technology company’s stock worth $122,000 after purchasing an additional 556 shares during the last quarter. Bayesian Capital Management LP bought a new stake in Scientific Games Corp during the second quarter worth about $209,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in Scientific Games Corp during the second quarter worth about $232,000. 62.72% of the stock is owned by institutional investors.
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Shares of Scientific Games Corp (SGMS) opened at $47.40 on Thursday. 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 52 week low of $13.65 and a 52 week high of $49.70.
Scientific Games Corp (NASDAQ:SGMS) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.66) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.44) by ($0.22). The firm had revenue of $768.90 million during the quarter, compared to analysts’ expectations of $748.56 million. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.13) EPS. equities research analysts anticipate that Scientific Games Corp will post -2.41 earnings per share for the current fiscal year.
In other news, EVP James C. Kennedy sold 100,000 shares of Scientific Games Corp 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 owns 105,029 shares in the company, valued at $5,072,900.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP James C. Kennedy sold 30,384 shares of Scientific Games Corp stock in a transaction dated 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. In the last quarter, insiders sold 187,384 shares of company stock worth $9,026,426. Company insiders own 40.61% of the company’s stock.
SGMS has been the subject of several research analyst reports. Stifel Nicolaus lifted their price target on Scientific Games Corp from $24.00 to $35.00 and gave the stock a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised Scientific Games Corp from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Thursday, July 20th. Bank of America Corporation reaffirmed a “buy” rating and set a $50.00 price target (up previously from $38.00) on shares of Scientific Games Corp in a research note on Wednesday, September 20th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $56.00 price target (up previously from $45.00) on shares of Scientific Games Corp in a research note on Thursday, October 5th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Scientific Games Corp currently has a consensus rating of “Buy” and an average 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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