Public Employees Retirement System of Ohio Trims Holdings in Electronic Arts Inc. (NASDAQ:EA)

Public Employees Retirement System of Ohio cut its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 6.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,428 shares of the game software company's stock after selling 8,077 shares during the period. Public Employees Retirement System of Ohio's holdings in Electronic Arts were worth $16,414,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Ninety One UK Ltd lifted its position in shares of Electronic Arts by 1.3% in the 2nd quarter. Ninety One UK Ltd now owns 4,283,539 shares of the game software company's stock worth $596,825,000 after purchasing an additional 53,237 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Electronic Arts by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company's stock worth $583,162,000 after buying an additional 18,376 shares during the last quarter. Legal & General Group Plc lifted its holdings in Electronic Arts by 2.1% in the second quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company's stock valued at $367,789,000 after buying an additional 53,800 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Electronic Arts by 3.8% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,088,170 shares of the game software company's stock valued at $290,945,000 after acquiring an additional 76,621 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Electronic Arts by 29.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,548,261 shares of the game software company's stock worth $215,725,000 after acquiring an additional 354,005 shares during the period. Institutional investors own 90.23% of the company's stock.

Electronic Arts Price Performance

Shares of EA stock traded down $1.38 during trading hours on Wednesday, reaching $163.92. The stock had a trading volume of 2,709,289 shares, compared to its average volume of 2,037,857. The stock's fifty day simple moving average is $155.28 and its 200 day simple moving average is $147.11. The firm has a market capitalization of $42.99 billion, a PE ratio of 42.14, a PEG ratio of 2.18 and a beta of 0.79. Electronic Arts Inc. has a 12 month low of $124.92 and a 12 month high of $168.50. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.46%. Electronic Arts's payout ratio is currently 19.54%.

Insider Activity

In related news, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $143.24, for a total value of $143,240.00. Following the completion of the sale, the insider now owns 29,190 shares in the company, valued at $4,181,175.60. The trade was a 3.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total value of $353,750.00. Following the completion of the sale, the chief executive officer now directly owns 54,247 shares of the company's stock, valued at approximately $7,675,950.50. This represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,000 shares of company stock worth $3,086,270. 0.22% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Robert W. Baird upped their price objective on shares of Electronic Arts from $170.00 to $175.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Benchmark reaffirmed a "buy" rating and set a $163.00 price target on shares of Electronic Arts in a research note on Wednesday, October 30th. UBS Group raised their price objective on Electronic Arts from $155.00 to $160.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. DZ Bank raised Electronic Arts from a "hold" rating to a "buy" rating and upped their target price for the stock from $135.00 to $177.00 in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut their target price on Electronic Arts from $155.00 to $150.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $165.37.

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.