Louisiana State Employees Retirement System Boosts Position in Scientific Games Corp (NASDAQ:SGMS)

Louisiana State Employees Retirement System boosted its position in shares of Scientific Games Corp (NASDAQ:SGMS) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,000 shares of the technology company’s stock after buying an additional 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Scientific Games Corp were worth $548,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its position in Scientific Games Corp by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 5,640 shares of the technology company’s stock worth $133,000 after buying an additional 150 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Scientific Games Corp by 1.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 11,600 shares of the technology company’s stock worth $274,000 after buying an additional 220 shares in the last quarter. Miles Capital Inc. increased its stake in shares of Scientific Games Corp by 1.7% in the first quarter. Miles Capital Inc. now owns 14,397 shares of the technology company’s stock worth $340,000 after buying an additional 247 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Scientific Games Corp by 1.9% in the first quarter. Arizona State Retirement System now owns 26,667 shares of the technology company’s stock worth $631,000 after buying an additional 500 shares in the last quarter. Finally, Fox Run Management L.L.C. increased its stake in shares of Scientific Games Corp by 3.4% in the first quarter. Fox Run Management L.L.C. now owns 21,100 shares of the technology company’s stock worth $499,000 after buying an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 60.42% of the company’s stock.

Shares of Scientific Games Corp (NASDAQ SGMS) traded down 0.29% during mid-day trading on Thursday, reaching $34.90. The company had a trading volume of 357,444 shares. Scientific Games Corp has a 1-year low of $8.07 and a 1-year high of $39.25. The company’s market capitalization is $3.12 billion. The stock’s 50-day moving average price is $29.99 and its 200 day moving average price is $23.98.

Scientific Games Corp (NASDAQ:SGMS) last issued its earnings results on Monday, July 24th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.52) by $0.08. The company had revenue of $766.30 million during the quarter, compared to analysts’ expectations of $732.93 million. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.59) earnings per share. Equities analysts expect that Scientific Games Corp will post ($2.27) EPS for the current year.

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A number of analysts recently issued reports on SGMS shares. Zacks Investment Research upgraded Scientific Games Corp from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Tuesday, May 2nd. ValuEngine upgraded Scientific Games Corp from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Telsey Advisory Group raised their price target on Scientific Games Corp from $20.00 to $24.00 and gave the stock a “market perform” rating in a research report on Friday, April 28th. Stifel Nicolaus raised their price target on Scientific Games Corp from $24.00 to $35.00 and gave the stock a “hold” rating in a research report on Tuesday, July 25th. Finally, BidaskClub upgraded Scientific Games Corp from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 10th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $30.00.

In other Scientific Games Corp news, EVP James C. Kennedy sold 122,681 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $37.14, for a total value of $4,556,372.34. Following the completion of the sale, the executive vice president now directly owns 186,363 shares in the company, valued at approximately $6,921,521.82. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael Gavin Isaacs sold 68,036 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $38.85, for a total value of $2,643,198.60. Following the completion of the sale, the director now owns 110,815 shares of the company’s stock, valued at $4,305,162.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 192,850 shares of company stock valued at $7,281,691. 42.03% of the stock is owned by company insiders.

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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Institutional Ownership by Quarter for Scientific Games Corp (NASDAQ:SGMS)

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