Michael J. Regan Sells 17,000 Shares of Scientific Games Corp (SGMS) Stock
Scientific Games Corp (NASDAQ:SGMS) Director Michael J. Regan sold 17,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $46.88, for a total value of $796,960.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Scientific Games Corp (NASDAQ:SGMS) traded up $0.05 on Wednesday, reaching $47.15. The company’s stock had a trading volume of 700,000 shares, compared to its average volume of 1,104,482. 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 $13.55 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 analysts’ consensus estimates of ($0.44) by ($0.22). The firm had revenue of $768.90 million during the quarter, compared to analyst estimates of $748.56 million. The firm’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm posted ($1.13) EPS. analysts forecast that Scientific Games Corp will post -2.41 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in SGMS. Teachers Advisors LLC increased its holdings in shares of Scientific Games Corp by 10.1% during the 1st quarter. Teachers Advisors LLC now owns 94,904 shares of the technology company’s stock worth $2,244,000 after buying an additional 8,675 shares during the last quarter. Vanguard Group Inc. increased its holdings in Scientific Games Corp by 27.6% in the 1st quarter. Vanguard Group Inc. now owns 5,916,233 shares of the technology company’s stock valued at $139,918,000 after purchasing an additional 1,278,837 shares in the last quarter. Geode Capital Management LLC increased its holdings in Scientific Games Corp by 17.8% in the 1st quarter. Geode Capital Management LLC now owns 462,241 shares of the technology company’s stock valued at $10,931,000 after purchasing an additional 69,829 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Scientific Games Corp by 309.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 577,388 shares of the technology company’s stock valued at $13,655,000 after purchasing an additional 436,231 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in Scientific Games Corp by 157,167.7% in the 1st quarter. BlackRock Inc. now owns 6,120,858 shares of the technology company’s stock valued at $144,758,000 after purchasing an additional 6,116,966 shares in the last quarter. Institutional investors and hedge funds own 62.72% of the company’s stock.
A number of equities research analysts recently issued reports on the company. Stifel Nicolaus upped their target price on Scientific Games Corp from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 18th. Zacks Investment Research raised Scientific Games Corp from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Tuesday, August 1st. Craig Hallum reaffirmed a “buy” rating and issued a $56.00 target price (up previously from $45.00) on shares of Scientific Games Corp in a research note on Thursday, October 5th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $50.00 target price (up previously from $38.00) on shares of Scientific Games Corp in a research note on Wednesday, September 20th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Scientific Games Corp presently has an average rating of “Buy” and an average price target 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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