Bryce Point Capital LLC Makes New $881,000 Investment in Electronic Arts Inc. (NASDAQ:EA)

Bryce Point Capital LLC bought a new position in Electronic Arts Inc. (NASDAQ:EA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,020 shares of the game software company's stock, valued at approximately $881,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Electronic Arts by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company's stock valued at $978,650,000 after acquiring an additional 30,929 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Electronic Arts by 6.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company's stock valued at $648,169,000 after purchasing an additional 270,991 shares during the period. Amundi boosted its holdings in Electronic Arts by 4.3% during the fourth quarter. Amundi now owns 2,990,729 shares of the game software company's stock worth $431,315,000 after buying an additional 122,494 shares in the last quarter. Bank of New York Mellon Corp grew its position in Electronic Arts by 1.3% during the fourth quarter. Bank of New York Mellon Corp now owns 1,789,283 shares of the game software company's stock worth $261,772,000 after buying an additional 23,289 shares during the period. Finally, Swedbank AB increased its holdings in Electronic Arts by 6.3% in the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company's stock valued at $235,224,000 after buying an additional 95,190 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EA shares. Citigroup lowered their price target on Electronic Arts from $163.00 to $139.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. BMO Capital Markets dropped their price target on Electronic Arts from $145.00 to $142.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. StockNews.com lowered shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 5th. Benchmark raised their target price on shares of Electronic Arts from $140.00 to $160.00 and gave the company a "buy" rating in a report on Monday, March 24th. Finally, Stifel Nicolaus cut their target price on shares of Electronic Arts from $167.00 to $159.00 and set a "hold" rating for the company in a research report on Tuesday, January 21st. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Electronic Arts has a consensus rating of "Hold" and a consensus target price of $155.30.

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total transaction of $122,030.00. Following the completion of the transaction, the insider now directly owns 28,216 shares in the company, valued at approximately $3,443,198.48. This represents a 3.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total transaction of $215,175.00. Following the completion of the sale, the executive vice president now owns 23,386 shares of the company's stock, valued at approximately $3,354,721.70. This trade represents a 6.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,000 shares of company stock valued at $3,015,990 over the last ninety days. Corporate insiders own 0.22% of the company's stock.

Electronic Arts Trading Up 1.4 %

Shares of NASDAQ EA traded up $1.91 on Tuesday, reaching $136.53. 691,139 shares of the company traded hands, compared to its average volume of 2,579,605. The company has a 50 day moving average of $134.43 and a 200 day moving average of $144.56. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The stock has a market capitalization of $35.58 billion, a PE ratio of 34.77, a P/E/G ratio of 3.58 and a beta of 0.79.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts' consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. On average, equities research analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were issued a $0.19 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.56%. Electronic Arts's payout ratio is 19.34%.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.