Employees Retirement System of Texas Sells 6,360 Shares of Electronic Arts Inc. (NASDAQ:EA)

Employees Retirement System of Texas cut its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 86.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,014 shares of the game software company's stock after selling 6,360 shares during the quarter. Employees Retirement System of Texas' holdings in Electronic Arts were worth $1,483,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the business. Pinnacle Bancorp Inc. increased its holdings in Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock worth $29,000 after purchasing an additional 117 shares during the last quarter. Whipplewood Advisors LLC bought a new position in Electronic Arts during the fourth quarter valued at about $32,000. Millstone Evans Group LLC bought a new position in shares of Electronic Arts in the fourth quarter valued at $37,000. SBI Securities Co. Ltd. purchased a new stake in Electronic Arts during the fourth quarter valued at about $41,000. Finally, OFI Invest Asset Management acquired a new position in Electronic Arts during the fourth quarter valued at $42,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Stock Performance

Shares of NASDAQ:EA traded up $3.54 during trading on Friday, reaching $142.93. The company had a trading volume of 3,116,905 shares, compared to its average volume of 2,617,577. 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 fifty-two week low of $115.21 and a fifty-two week high of $168.50. The firm has a market capitalization of $37.25 billion, a price-to-earnings ratio of 36.37, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. The stock's fifty day moving average price is $136.45 and its 200 day moving average price is $144.34.

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Electronic Arts (NASDAQ:EA - Get Free Report) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (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%. As a group, equities research analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Wednesday, February 26th. Electronic Arts's dividend payout ratio (DPR) is 19.34%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EA. Oppenheimer reduced their target price on Electronic Arts from $170.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, January 21st. Citigroup lowered their price target on shares of Electronic Arts from $163.00 to $139.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Roth Mkm dropped their price objective on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a report on Thursday, January 23rd. Moffett Nathanson raised Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 price target on the stock in a research report on Friday, January 31st. Finally, StockNews.com lowered shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 5th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $155.30.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total value of $713,400.00. Following the transaction, the chief executive officer now owns 42,615 shares in the company, valued at approximately $6,080,308.20. This represents a 10.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total value of $122,030.00. Following the transaction, the insider now owns 28,216 shares in the company, valued at approximately $3,443,198.48. This trade represents a 3.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,000 shares of company stock worth $3,015,990. 0.22% of the stock is currently owned by company insiders.

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.