Ossiam Purchases 68,391 Shares of Electronic Arts Inc. (NASDAQ:EA)

Ossiam raised its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 251.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 95,618 shares of the game software company's stock after purchasing an additional 68,391 shares during the quarter. Ossiam's holdings in Electronic Arts were worth $13,989,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of EA. Sanctuary Advisors LLC boosted its holdings in Electronic Arts by 76.3% during the third quarter. Sanctuary Advisors LLC now owns 10,328 shares of the game software company's stock worth $1,481,000 after buying an additional 4,471 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Electronic Arts during the 3rd quarter worth $428,000. Tidal Investments LLC grew its holdings in shares of Electronic Arts by 20.6% in the 3rd quarter. Tidal Investments LLC now owns 45,630 shares of the game software company's stock worth $6,545,000 after acquiring an additional 7,786 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Electronic Arts by 8.4% during the third quarter. Franklin Resources Inc. now owns 863,899 shares of the game software company's stock worth $124,548,000 after purchasing an additional 66,797 shares during the period. Finally, Inspire Trust Co. N.A. lifted its holdings in shares of Electronic Arts by 47.4% during the third quarter. Inspire Trust Co. N.A. now owns 14,000 shares of the game software company's stock valued at $2,008,000 after purchasing an additional 4,499 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $145.37, for a total transaction of $726,850.00. Following the transaction, the chief executive officer now owns 27,615 shares of the company's stock, valued at $4,014,392.55. This represents a 15.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were 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 $3,443,198.48. This trade represents a 3.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock valued at $3,032,740 over the last ninety days. 0.22% of the stock is owned by insiders.

Electronic Arts Price Performance

Shares of Electronic Arts stock traded up $2.33 during trading on Thursday, hitting $146.06. 1,106,935 shares of the company's stock traded hands, compared to its average volume of 2,633,148. The company has a market cap of $38.06 billion, a PE ratio of 37.19, a PEG ratio of 3.58 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The firm's fifty day moving average price is $138.66 and its 200 day moving average price is $144.41.

Electronic Arts (NASDAQ:EA - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts's payout ratio is presently 19.34%.

Analyst Ratings Changes

Several brokerages have commented on EA. Raymond James cut shares of Electronic Arts from an "outperform" rating to a "market perform" rating in a report on Thursday, January 23rd. Wedbush reissued an "outperform" rating and set a $173.00 target price on shares of Electronic Arts in a research note on Thursday, January 23rd. DA Davidson initiated coverage on Electronic Arts in a report on Wednesday, February 19th. They set a "neutral" rating and a $140.00 price target on the stock. Ascendiant Capital Markets increased their price objective on Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Finally, Roth Mkm dropped their target price on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating on the stock in a report on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $154.00.

About Electronic Arts

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.