Scientific Games (NASDAQ:SGMS) had its price objective increased by Telsey Advisory Group from $54.00 to $59.00 in a research note issued to investors on Monday morning, Marketbeat reports. The firm currently has an outperform rating on the technology company’s stock.
A number of other equities research analysts have also issued reports on the stock. Jefferies Group initiated coverage on shares of Scientific Games in a research note on Tuesday, February 20th. They issued a buy rating and a $57.00 target price on the stock. Zacks Investment Research lowered shares of Scientific Games from a hold rating to a sell rating in a research note on Friday, February 9th. BidaskClub lowered shares of Scientific Games from a strong-buy rating to a buy rating in a research note on Thursday, January 25th. Stifel Nicolaus restated a hold rating and issued a $55.00 target price on shares of Scientific Games in a research note on Friday, February 2nd. Finally, ValuEngine upgraded shares of Scientific Games from a hold rating to a buy rating in a research note on Monday, April 2nd. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and an average target price of $56.67.
Shares of Scientific Games opened at $53.32 on Monday, Marketbeat.com reports. The stock has a market capitalization of $4.65 billion, a PE ratio of -23.91 and a beta of 2.53. The company has a current ratio of 1.73, a quick ratio of 1.43 and a debt-to-equity ratio of -4.00. Scientific Games has a 1 year low of $50.60 and a 1 year high of $53.70.
Scientific Games (NASDAQ:SGMS) last issued its earnings results on Thursday, May 3rd. The technology company reported ($1.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.91). The firm had revenue of $812.00 million for the quarter, compared to analyst estimates 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 business posted ($1.14) EPS. sell-side analysts forecast that Scientific Games will post -0.69 earnings per share for the current year.
In related news, Director Michael Gavin Isaacs sold 140,614 shares of the stock in a transaction dated Friday, May 4th. The shares were sold at an average price of $51.01, for a total transaction of $7,172,720.14. Following the sale, the director now owns 126,937 shares in the company, valued at $6,475,056.37. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Peter A. Cohen sold 5,000 shares of the stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $41.54, for a total transaction of $207,700.00. Following the sale, the director now owns 268,502 shares in the company, valued at approximately $11,153,573.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 322,412 shares of company stock worth $15,578,145. 40.61% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc bought a new position in Scientific Games in the 4th quarter worth about $138,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Scientific Games by 152.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,045 shares of the technology company’s stock worth $156,000 after purchasing an additional 1,840 shares during the last quarter. LS Investment Advisors LLC grew its position in Scientific Games by 42.9% in the 1st quarter. LS Investment Advisors LLC now owns 4,441 shares of the technology company’s stock worth $185,000 after purchasing an additional 1,333 shares during the last quarter. Strs Ohio grew its position in Scientific Games by 85.0% in the 4th quarter. Strs Ohio now owns 3,700 shares of the technology company’s stock worth $189,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Alps Advisors Inc. bought a new position in Scientific Games in the 4th quarter worth about $208,000. Hedge funds and other institutional investors own 65.32% of the company’s stock.
About Scientific Games
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.
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