Shares of Scientific Games Corp (NASDAQ:SGMS) have received an average recommendation of “Hold” from the nine analysts that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $27.25.

Several brokerages have recently commented on SGMS. Stifel Nicolaus raised their target price on shares of Scientific Games Corp from $24.00 to $35.00 and gave the stock a “hold” rating in a report on Tuesday. Zacks Investment Research raised shares of Scientific Games Corp from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Thursday, July 20th. BidaskClub cut shares of Scientific Games Corp from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. ValuEngine raised shares of Scientific Games Corp from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Telsey Advisory Group raised their target price on shares of Scientific Games Corp from $20.00 to $24.00 and gave the stock a “market perform” rating in a report on Friday, April 28th.

Scientific Games Corp (NASDAQ SGMS) opened at 38.00 on Friday. Scientific Games Corp has a one year low of $8.07 and a one year high of $39.15. The company has a 50 day moving average price of $27.24 and a 200-day moving average price of $22.62. The firm’s market capitalization is $3.37 billion.

Scientific Games Corp (NASDAQ:SGMS) last announced its earnings results on Monday, July 24th. The technology company reported ($0.44) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.52) by $0.08. The business had revenue of $766.30 million for the quarter, compared to the consensus estimate of $732.93 million. During the same period in the prior year, the business posted ($0.59) earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities analysts predict that Scientific Games Corp will post ($2.24) EPS for the current year.

In related news, Director Michael Gavin Isaacs sold 154,951 shares of Scientific Games Corp stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $22.81, for a total value of $3,534,432.31. Following the transaction, the director now directly owns 110,542 shares of the company’s stock, valued at $2,521,463.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 42.03% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Spark Investment Management LLC boosted its position in shares of Scientific Games Corp by 11.5% in the second quarter. Spark Investment Management LLC now owns 424,900 shares of the technology company’s stock worth $11,089,000 after buying an additional 43,900 shares during the period. Great West Life Assurance Co. Can raised its stake in shares of Scientific Games Corp by 3.0% in the second quarter. Great West Life Assurance Co. Can now owns 73,286 shares of the technology company’s stock worth $1,909,000 after buying an additional 2,130 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Scientific Games Corp by 4.9% in the second quarter. Municipal Employees Retirement System of Michigan now owns 12,170 shares of the technology company’s stock worth $318,000 after buying an additional 570 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Scientific Games Corp by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 21,000 shares of the technology company’s stock worth $548,000 after buying an additional 200 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Scientific Games Corp by 80.2% in the second quarter. State of Alaska Department of Revenue now owns 10,163 shares of the technology company’s stock worth $265,000 after buying an additional 4,523 shares in the last quarter. 61.38% of the stock is currently owned by institutional investors and hedge funds.

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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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