Scientific Games Corp (NASDAQ:SGMS) Director Michael J. Regan sold 17,000 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was 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 through this link.
Scientific Games Corp (NASDAQ SGMS) opened at $50.45 on Friday. 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 Corp has a twelve month low of $13.65 and a twelve month high of $50.53.
Scientific Games Corp (NASDAQ:SGMS) last issued its 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 business had revenue of $768.90 million for the quarter, compared to analyst estimates of $748.56 million. The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business earned ($1.13) earnings per share. analysts expect that Scientific Games Corp will post -2.41 EPS for the current fiscal year.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in SGMS. Ameritas Investment Partners Inc. raised its holdings in shares of 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 valued at $122,000 after purchasing an additional 556 shares during the last quarter. First Quadrant L P CA purchased a new position in shares of Scientific Games Corp during the third quarter valued at approximately $139,000. LS Investment Advisors LLC raised its holdings in shares of 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 valued at $181,000 after purchasing an additional 1,170 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Scientific Games Corp during the third quarter valued at approximately $201,000. Finally, Bayesian Capital Management LP purchased a new position in shares of Scientific Games Corp during the second quarter valued at approximately $209,000. 62.72% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on SGMS shares. Zacks Investment Research raised shares of Scientific Games Corp from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Tuesday, August 1st. Craig Hallum reissued a “buy” rating and set a $56.00 price objective (up previously from $45.00) on shares of Scientific Games Corp in a research note on Thursday, October 5th. Bank of America Corporation reissued a “buy” rating and set a $50.00 price objective (up previously from $38.00) on shares of Scientific Games Corp in a research note on Wednesday, September 20th. Finally, Stifel Nicolaus lifted their target price on shares of Scientific Games Corp from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, September 18th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $42.20.
Scientific Games Corp Company 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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