Great West Life Assurance Co. Can lowered its position in Scientific Games Corp (NASDAQ:SGMS) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,336 shares of the technology company’s stock after selling 1,950 shares during the period. Great West Life Assurance Co. Can owned about 0.08% of Scientific Games worth $3,213,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SGMS. Whale Rock Capital Management LLC bought a new stake in shares of Scientific Games in the 2nd quarter valued at $36,929,000. Renaissance Technologies LLC increased its position in shares of Scientific Games by 152.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,538,848 shares of the technology company’s stock valued at $40,164,000 after buying an additional 928,800 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in Scientific Games in the 2nd quarter worth $17,104,000. FMR LLC acquired a new position in Scientific Games in the 2nd quarter worth $15,284,000. Finally, Dimensional Fund Advisors LP boosted its stake in Scientific Games by 309.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 577,388 shares of the technology company’s stock worth $13,655,000 after purchasing an additional 436,231 shares during the period. Institutional investors and hedge funds own 63.97% of the company’s stock.
In other news, EVP James C. Kennedy sold 30,384 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $48.35, for a total transaction of $1,469,066.40. Following the completion of the transaction, the executive vice president now directly owns 105,029 shares in the company, valued at approximately $5,078,152.15. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael J. Regan sold 17,000 shares of the 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 187,384 shares of company stock valued at $9,026,426. Company insiders own 40.61% of the company’s stock.
Scientific Games (NASDAQ:SGMS) last announced its earnings results on Wednesday, November 1st. The technology company reported ($0.66) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.44) by ($0.22). The company had revenue of $768.90 million for 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 period in the previous year, the firm posted ($1.13) earnings per share. equities research analysts expect that Scientific Games Corp will post -2.47 EPS for the current fiscal year.
A number of equities analysts recently weighed in on SGMS shares. Stifel Nicolaus upped their target price on shares of Scientific Games from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, September 18th. Bank of America reaffirmed a “buy” rating and issued a $50.00 target price (up from $38.00) on shares of Scientific Games in a research note on Wednesday, September 20th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $56.00 target price (up from $45.00) on shares of Scientific Games in a research note on Thursday, October 5th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $42.20.
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About Scientific Games
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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