Scientech Research LLC Grows Position in Electronic Arts Inc. (NASDAQ:EA)

Scientech Research LLC increased its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 529.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,244 shares of the game software company's stock after purchasing an additional 12,824 shares during the period. Scientech Research LLC's holdings in Electronic Arts were worth $2,124,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in EA. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Electronic Arts by 82.6% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company's stock worth $3,327,000 after purchasing an additional 11,343 shares in the last quarter. FORA Capital LLC lifted its position in Electronic Arts by 209.7% during the 1st quarter. FORA Capital LLC now owns 45,985 shares of the game software company's stock worth $6,101,000 after buying an additional 31,136 shares in the last quarter. Duality Advisers LP acquired a new position in shares of Electronic Arts during the 1st quarter worth about $1,711,000. Scotia Capital Inc. grew its holdings in shares of Electronic Arts by 99.4% in the 4th quarter. Scotia Capital Inc. now owns 17,338 shares of the game software company's stock valued at $2,372,000 after acquiring an additional 8,644 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in shares of Electronic Arts by 13.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 348,670 shares of the game software company's stock valued at $46,258,000 after acquiring an additional 41,567 shares during the last quarter. Institutional investors own 90.23% of the company's stock.

Electronic Arts Trading Up 0.6 %

Shares of EA stock traded up $0.86 during mid-day trading on Friday, reaching $144.47. 815,477 shares of the stock traded hands, compared to its average volume of 2,111,082. The company has a market cap of $38.39 billion, a price-to-earnings ratio of 30.92, a price-to-earnings-growth ratio of 1.91 and a beta of 0.79. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. The stock's fifty day simple moving average is $145.80 and its two-hundred day simple moving average is $137.88. Electronic Arts Inc. has a 1-year low of $117.70 and a 1-year high of $153.51.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.06. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. On average, research analysts anticipate that Electronic Arts Inc. will post 5.93 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Wednesday, August 28th. Electronic Arts's dividend payout ratio (DPR) is presently 16.24%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Raymond James increased their price target on shares of Electronic Arts from $155.00 to $170.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. Benchmark reiterated a "buy" rating and issued a $163.00 target price on shares of Electronic Arts in a research note on Wednesday, September 18th. UBS Group boosted their price target on Electronic Arts from $143.00 to $155.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 31st. The Goldman Sachs Group lifted their target price on Electronic Arts from $139.00 to $150.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 31st. Finally, Roth Mkm restated a "neutral" rating and issued a $154.00 price target on shares of Electronic Arts in a research note on Thursday, September 19th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $161.94.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 800 shares of the business's stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $139.71, for a total value of $111,768.00. Following the transaction, the insider now directly owns 38,574 shares of the company's stock, valued at approximately $5,389,173.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Electronic Arts news, EVP Jacob J. Schatz sold 1,000 shares of the firm's stock in a transaction on Monday, July 15th. The shares were sold at an average price of $144.86, for a total value of $144,860.00. Following the completion of the sale, the executive vice president now directly owns 29,317 shares in the company, valued at $4,246,860.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the firm's stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $139.71, for a total value of $111,768.00. Following the completion of the sale, the insider now owns 38,574 shares of the company's stock, valued at $5,389,173.54. The disclosure for this sale can be found here. Insiders sold 24,570 shares of company stock valued at $3,621,343 over the last quarter. Insiders own 0.22% of the company's stock.

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.