Kentucky Retirement Systems Insurance Trust Fund Purchases 3,829 Shares of Electronic Arts Inc. (NASDAQ:EA)

Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 53.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,947 shares of the game software company's stock after purchasing an additional 3,829 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in Electronic Arts were worth $1,602,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Electronic Arts during the third quarter worth about $25,000. Pinnacle Bancorp Inc. raised its position in Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock valued at $29,000 after buying an additional 117 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in Electronic Arts in the 3rd quarter valued at approximately $36,000. Larson Financial Group LLC raised its position in Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock valued at $42,000 after buying an additional 70 shares during the last quarter. Finally, SJS Investment Consulting Inc. raised its position in Electronic Arts by 1,458.3% in the 4th quarter. SJS Investment Consulting Inc. now owns 374 shares of the game software company's stock valued at $55,000 after buying an additional 350 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Friday, December 20th. The stock was sold at an average price of $148.00, for a total value of $740,000.00. Following the completion of the transaction, the chief executive officer now directly owns 47,615 shares of the company's stock, valued at $7,047,020. The trade was a 9.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stuart Canfield sold 1,000 shares of the company's stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $148.18, for a total value of $148,180.00. Following the sale, the chief financial officer now owns 8,750 shares of the company's stock, valued at approximately $1,296,575. This represents a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,500 shares of company stock valued at $2,812,285 in the last three months. Corporate insiders own 0.22% of the company's stock.

Electronic Arts Stock Performance

EA traded up $0.94 during trading on Friday, hitting $130.93. The stock had a trading volume of 4,866,189 shares, compared to its average volume of 4,233,704. The company has a 50 day moving average price of $137.62 and a 200-day moving average price of $146.34. The firm has a market cap of $34.12 billion, a price-to-earnings ratio of 33.32, a P/E/G ratio of 3.54 and a beta of 0.79. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. 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 (NASDAQ:EA - Get Free Report) last released its quarterly earnings results 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 net margin of 14.28% and a return on equity of 17.80%. As a group, research analysts predict that Electronic Arts Inc. will post 4.75 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.58%. Electronic Arts's dividend payout ratio is presently 19.34%.

Analyst Ratings Changes

A number of brokerages recently issued reports on EA. Bank of America lifted their target price on Electronic Arts from $130.00 to $132.00 and gave the company a "neutral" rating in a research report on Wednesday, February 5th. 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. Argus raised their price target on Electronic Arts from $161.00 to $183.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Roth Mkm decreased their price target on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a research note on Thursday, January 23rd. Finally, Benchmark decreased their price target on Electronic Arts from $163.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $154.55.

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.