O Shaughnessy Asset Management LLC raised its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 14.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,856 shares of the game software company's stock after buying an additional 2,201 shares during the period. O Shaughnessy Asset Management LLC's holdings in Electronic Arts were worth $2,612,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Townsquare Capital LLC raised its position in shares of Electronic Arts by 94.3% in the third quarter. Townsquare Capital LLC now owns 3,891 shares of the game software company's stock valued at $558,000 after buying an additional 1,888 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in Electronic Arts by 11.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 8,869 shares of the game software company's stock valued at $1,272,000 after acquiring an additional 900 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in Electronic Arts by 6,416.8% in the 3rd quarter. Benjamin Edwards Inc. now owns 12,056 shares of the game software company's stock worth $1,729,000 after purchasing an additional 11,871 shares in the last quarter. Holocene Advisors LP boosted its holdings in shares of Electronic Arts by 22.9% during the 3rd quarter. Holocene Advisors LP now owns 16,914 shares of the game software company's stock worth $2,426,000 after purchasing an additional 3,150 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Electronic Arts by 6.8% in the third quarter. Janus Henderson Group PLC now owns 34,734 shares of the game software company's stock valued at $4,982,000 after purchasing an additional 2,200 shares in the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.
Electronic Arts Stock Down 6.6 %
Shares of EA traded down $9.51 during mid-day trading on Friday, hitting $135.34. 4,708,967 shares of the company's stock were exchanged, compared to its average volume of 2,573,984. The stock's 50-day moving average is $134.10 and its 200-day moving average is $144.57. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current 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 company has a market cap of $35.27 billion, a price-to-earnings ratio of 34.44, a P/E/G ratio of 3.58 and a beta of 0.78.
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 return on equity of 17.80% and a net margin of 14.28%. On average, sell-side analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.
Electronic Arts Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.56%. Electronic Arts's dividend payout ratio (DPR) is 19.34%.
Insider Buying and Selling
In other news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total value of $145,000.00. Following the transaction, the insider now owns 26,216 shares in the company, valued at approximately $3,801,320. This represents a 3.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total value of $215,175.00. Following the sale, the executive vice president now directly owns 23,386 shares in the company, valued at $3,354,721.70. This trade represents a 6.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock worth $3,015,990 over the last 90 days. 0.22% of the stock is owned by insiders.
Analyst Ratings Changes
A number of equities analysts have weighed in on EA shares. DA Davidson initiated coverage on Electronic Arts in a research note on Wednesday, February 19th. They set a "neutral" rating and a $140.00 price objective on the stock. Robert W. Baird lowered their price target on shares of Electronic Arts from $175.00 to $158.00 and set an "outperform" rating on the stock in a research report on Thursday, January 23rd. BMO Capital Markets cut their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. UBS Group boosted their target price on shares of Electronic Arts from $138.00 to $152.00 and gave the company a "neutral" rating in a report on Thursday. Finally, Wedbush restated an "outperform" rating and set a $173.00 price target on shares of Electronic Arts in a report on Thursday, January 23rd. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $155.30.
Read Our Latest Stock Analysis on EA
About Electronic Arts
(
Free Report)
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.
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