Arizona State Retirement System Sells 221 Shares of Scientific Games Co. (NASDAQ:SGMS)

Arizona State Retirement System decreased its holdings in Scientific Games Co. (NASDAQ:SGMSGet Rating) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,641 shares of the technology company’s stock after selling 221 shares during the quarter. Arizona State Retirement System’s holdings in Scientific Games were worth $1,647,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Louisiana State Employees Retirement System grew its stake in shares of Scientific Games by 0.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the technology company’s stock worth $1,657,000 after purchasing an additional 200 shares during the last quarter. State of Michigan Retirement System lifted its holdings in Scientific Games by 1.2% in the fourth quarter. State of Michigan Retirement System now owns 24,445 shares of the technology company’s stock valued at $1,634,000 after buying an additional 300 shares during the period. CIBC Asset Management Inc lifted its holdings in Scientific Games by 5.1% in the third quarter. CIBC Asset Management Inc now owns 7,042 shares of the technology company’s stock valued at $585,000 after buying an additional 339 shares during the period. Macquarie Group Ltd. lifted its holdings in Scientific Games by 15.4% in the third quarter. Macquarie Group Ltd. now owns 2,571 shares of the technology company’s stock valued at $214,000 after buying an additional 343 shares during the period. Finally, US Bancorp DE lifted its holdings in Scientific Games by 121.5% in the third quarter. US Bancorp DE now owns 866 shares of the technology company’s stock valued at $71,000 after buying an additional 475 shares during the period. 93.19% of the stock is currently owned by institutional investors.

Shares of NASDAQ SGMS opened at $58.71 on Friday. Scientific Games Co. has a fifty-two week low of $46.39 and a fifty-two week high of $90.20. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 15.74 and a beta of 1.86. The firm’s 50-day simple moving average is $60.22 and its 200 day simple moving average is $65.46.

Scientific Games (NASDAQ:SGMSGet Rating) last announced its quarterly earnings results on Tuesday, March 1st. The technology company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.36) by $0.94. Scientific Games had a net margin of 13.60% and a negative return on equity of 10.75%. The business had revenue of $580.00 million for the quarter, compared to analysts’ expectations of $558.79 million. During the same quarter last year, the firm earned ($0.59) EPS. The firm’s revenue for the quarter was up 20.8% compared to the same quarter last year. As a group, equities analysts predict that Scientific Games Co. will post 0.22 EPS for the current fiscal year.

SGMS has been the topic of several recent analyst reports. Credit Suisse Group boosted their target price on shares of Scientific Games from $45.00 to $52.00 and gave the company an “underperform” rating in a report on Thursday, March 3rd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Scientific Games from $71.00 to $67.00 and set a “hold” rating on the stock in a report on Wednesday, March 2nd. Susquehanna boosted their target price on shares of Scientific Games from $13.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, March 11th. Susquehanna Bancshares upped their price objective on shares of Scientific Games from $13.00 to $55.00 in a report on Friday, March 11th. Finally, Truist Financial dropped their price objective on shares of Scientific Games from $110.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, January 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $76.64.

In other news, Director Hamish Mclennan acquired 6,250 shares of the firm’s stock in a transaction on Monday, March 7th. The stock was purchased at an average price of $54.79 per share, for a total transaction of $342,437.50. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by company insiders.

About Scientific Games (Get Rating)

Scientific Games Corporation, doing business as Light & Wonder Inc, develops technology-based products and services, and related content for the gaming, lottery, social and digital gaming industries in the United States and internationally. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, conversion game kits, and spare parts; table products, including shufflers; and perpetual licenses to proprietary table games.

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

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