Federated Hermes Inc. Sells 1,996 Shares of Electronic Arts Inc. (NASDAQ:EA)

Federated Hermes Inc. decreased its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,718 shares of the game software company's stock after selling 1,996 shares during the quarter. Federated Hermes Inc.'s holdings in Electronic Arts were worth $14,004,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Swedbank AB increased its holdings in shares of 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. Atomi Financial Group Inc. acquired a new position in shares of Electronic Arts in the 4th quarter worth $217,000. Charles Schwab Investment Management Inc. raised its position in shares of Electronic Arts by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company's stock worth $213,089,000 after purchasing an additional 36,153 shares during the period. Huntington National Bank lifted its holdings in shares of Electronic Arts by 31.4% during the fourth quarter. Huntington National Bank now owns 338,870 shares of the game software company's stock valued at $49,577,000 after purchasing an additional 80,968 shares during the last quarter. Finally, Fisher Funds Management LTD acquired a new position in shares of Electronic Arts in the 4th quarter valued at $3,730,000. Institutional investors own 90.23% of the company's stock.

Analyst Ratings Changes

EA has been the subject of a number of analyst reports. Robert W. Baird decreased their target price on shares of Electronic Arts from $175.00 to $158.00 and set an "outperform" rating for the company in a report on Thursday, January 23rd. Moffett Nathanson raised shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 price objective for the company in a research note on Friday, January 31st. DA Davidson assumed coverage on shares of Electronic Arts in a research report on Wednesday, February 19th. They set a "neutral" rating and a $140.00 price objective on the stock. Citigroup lowered their target price on Electronic Arts from $163.00 to $139.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Finally, Oppenheimer dropped their price target on shares of Electronic Arts from $170.00 to $165.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 21st. Thirteen 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.com, the stock has an average rating of "Hold" and a consensus target price of $155.30.

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Electronic Arts Stock Performance

Shares of EA stock traded up $2.61 during trading hours on Monday, reaching $145.54. 1,499,306 shares of the company's stock were exchanged, compared to its average volume of 2,613,632. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $37.93 billion, a P/E ratio of 37.03, a P/E/G ratio of 3.58 and a beta of 0.79. The business has a fifty day moving average price of $136.45 and a 200-day moving average price of $144.34.

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

Electronic Arts Announces Dividend

The company also recently disclosed 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 was Wednesday, February 26th. Electronic Arts's payout ratio is presently 19.34%.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total transaction of $713,400.00. Following the sale, the chief executive officer now directly owns 42,615 shares of the company's stock, valued at approximately $6,080,308.20. The trade was a 10.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $122,030.00. Following the completion of the transaction, the insider now directly owns 28,216 shares of the company's stock, valued at approximately $3,443,198.48. The trade was a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,000 shares of company stock worth $3,015,990. Company insiders own 0.22% of the company's stock.

Electronic Arts 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.