Burney Co. Has $3.16 Million Stake in Electronic Arts Inc. (NASDAQ:EA)

Burney Co. increased its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 11.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,572 shares of the game software company's stock after purchasing an additional 2,198 shares during the period. Burney Co.'s holdings in Electronic Arts were worth $3,156,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Larson Financial Group LLC boosted its position in shares of Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock worth $42,000 after purchasing an additional 70 shares in the last quarter. Claro Advisors LLC lifted its holdings in Electronic Arts by 3.4% during the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company's stock worth $334,000 after acquiring an additional 75 shares in the last quarter. Prime Capital Investment Advisors LLC grew its stake in Electronic Arts by 5.1% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company's stock valued at $225,000 after acquiring an additional 76 shares during the period. Fifth Third Wealth Advisors LLC increased its holdings in shares of Electronic Arts by 1.7% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company's stock worth $708,000 after acquiring an additional 83 shares in the last quarter. Finally, Shepherd Financial Partners LLC raised its position in shares of Electronic Arts by 1.6% during the third quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company's stock worth $816,000 after purchasing an additional 88 shares during the period. Institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Performance

Shares of Electronic Arts stock traded down $0.73 during trading on Thursday, hitting $141.40. 2,137,223 shares of the stock were exchanged, compared to its average volume of 1,965,892. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a fifty day moving average price of $156.07 and a 200-day moving average price of $149.07. The stock has a market capitalization of $37.08 billion, a price-to-earnings ratio of 36.35, a price-to-earnings-growth ratio of 1.84 and a beta of 0.80. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $168.50.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Wednesday, November 27th. Electronic Arts's dividend payout ratio (DPR) is presently 19.54%.

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $150.83, for a total transaction of $150,830.00. Following the completion of the sale, the insider now owns 28,190 shares in the company, valued at $4,251,897.70. The trade was a 3.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total value of $832,350.00. Following the transaction, the chief executive officer now owns 52,615 shares in the company, valued at approximately $8,758,819.05. This trade represents a 8.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,500 shares of company stock worth $3,637,660 over the last 90 days. Company insiders own 0.22% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. BNP Paribas upgraded Electronic Arts to a "strong-buy" rating in a research report on Wednesday, October 9th. DZ Bank upgraded shares of Electronic Arts from a "hold" rating to a "buy" rating and upped their price target for the company from $135.00 to $177.00 in a report on Thursday, October 31st. JPMorgan Chase & Co. dropped their price objective on shares of Electronic Arts from $155.00 to $150.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. Robert W. Baird boosted their price objective on shares of Electronic Arts from $170.00 to $175.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Finally, Roth Mkm increased their target price on Electronic Arts from $154.00 to $158.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $165.37.

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.