Scientific Games Co. (NASDAQ:SGMS) EVP Derik Mooberry sold 84,174 shares of Scientific Games stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $59.82, for a total transaction of $5,035,288.68. Following the completion of the transaction, the executive vice president now directly owns 69,899 shares in the company, valued at approximately $4,181,358.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
NASDAQ:SGMS opened at $60.25 on Monday. The company has a market cap of $5.47 billion, a price-to-earnings ratio of -27.02 and a beta of 2.53. Scientific Games Co. has a twelve month low of $22.55 and a twelve month high of $61.50. The company has a current ratio of 1.73, a quick ratio of 1.43 and a debt-to-equity ratio of -4.00.
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Scientific Games (NASDAQ:SGMS) last released its earnings results on Thursday, May 3rd. The technology company reported ($1.19) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.91). The business had revenue of $812.00 million for the quarter, compared to the consensus estimate of $792.62 million. The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.14) earnings per share. equities research analysts expect that Scientific Games Co. will post -0.82 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in the business. Profund Advisors LLC lifted its stake in Scientific Games by 17.5% during the 4th quarter. Profund Advisors LLC now owns 8,141 shares of the technology company’s stock valued at $418,000 after acquiring an additional 1,211 shares during the period. Algert Global LLC lifted its stake in Scientific Games by 8.1% during the 4th quarter. Algert Global LLC now owns 16,764 shares of the technology company’s stock valued at $860,000 after acquiring an additional 1,257 shares during the period. Cubist Systematic Strategies LLC lifted its stake in Scientific Games by 10.2% during the 1st quarter. Cubist Systematic Strategies LLC now owns 13,577 shares of the technology company’s stock valued at $565,000 after acquiring an additional 1,262 shares during the period. Russell Investments Group Ltd. lifted its stake in Scientific Games by 4.4% during the 1st quarter. Russell Investments Group Ltd. now owns 30,647 shares of the technology company’s stock valued at $1,275,000 after acquiring an additional 1,296 shares during the period. Finally, LS Investment Advisors LLC lifted its stake in Scientific Games by 42.9% during the 1st quarter. LS Investment Advisors LLC now owns 4,441 shares of the technology company’s stock valued at $185,000 after acquiring an additional 1,333 shares during the period. 65.98% of the stock is currently owned by institutional investors.
SGMS has been the topic of several research analyst reports. Jefferies Group initiated coverage on shares of Scientific Games in a research report on Tuesday, February 20th. They set a “buy” rating and a $57.00 target price on the stock. Telsey Advisory Group boosted their target price on shares of Scientific Games from $52.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 4th. Zacks Investment Research downgraded shares of Scientific Games from a “hold” rating to a “sell” rating in a research report on Friday, February 9th. BidaskClub downgraded shares of Scientific Games from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $55.00 target price on shares of Scientific Games in a research report on Friday, February 2nd. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $56.67.
About Scientific Games
Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and interactive gaming industries worldwide. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals (VLTs), conversion game kits, and spare parts; slot, casino, and table-management systems; table products, including shufflers; and perpetual licenses to proprietary table games.