Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. boosted its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 3.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 451,343 shares of the game software company's stock after buying an additional 15,301 shares during the period. Epoch Investment Partners Inc. owned 0.17% of Electronic Arts worth $66,031,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of EA. Sanctuary Advisors LLC increased its position in Electronic Arts by 76.3% in the third quarter. Sanctuary Advisors LLC now owns 10,328 shares of the game software company's stock worth $1,481,000 after purchasing an additional 4,471 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Electronic Arts in the 3rd quarter worth $428,000. Tidal Investments LLC grew its stake 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 buying an additional 7,786 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Electronic Arts by 8.4% in the 3rd quarter. Franklin Resources Inc. now owns 863,899 shares of the game software company's stock worth $124,548,000 after buying an additional 66,797 shares during the last quarter. Finally, Inspire Trust Co. N.A. raised its position in shares of Electronic Arts by 47.4% during the 3rd quarter. Inspire Trust Co. N.A. now owns 14,000 shares of the game software company's stock valued at $2,008,000 after buying an additional 4,499 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Up 1.7 %

NASDAQ EA traded up $2.46 on Thursday, hitting $146.19. The stock had a trading volume of 2,274,715 shares, compared to its average volume of 3,947,455. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The business's fifty day moving average price is $138.66 and its 200 day moving average price is $144.41. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market cap of $38.10 billion, a price-to-earnings ratio of 37.20, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79.

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

Electronic Arts Dividend Announcement

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

Analyst Ratings Changes

EA has been the subject of a number of recent analyst reports. Ascendiant Capital Markets lifted their price target on shares of Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. UBS Group upped their target price on Electronic Arts from $138.00 to $152.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Stifel Nicolaus decreased their price target on Electronic Arts from $167.00 to $159.00 and set a "hold" rating for the company in a research note on Tuesday, January 21st. Oppenheimer cut their price objective on Electronic Arts from $170.00 to $165.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 21st. Finally, Bank of America increased their target price on Electronic Arts from $130.00 to $132.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $154.00.

Insider Activity

In related news, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $130.14, for a total transaction of $650,700.00. Following the completion of the transaction, the chief executive officer now directly owns 37,615 shares in the company, valued at $4,895,216.10. The trade was a 11.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.03, for a total value of $122,030.00. Following the sale, the insider now directly owns 28,216 shares in the company, valued at $3,443,198.48. This represents a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,000 shares of company stock valued at $3,032,740 over the last ninety days. 0.22% of the stock is currently owned by insiders.

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.