Electronic Arts Inc. (NASDAQ:EA) Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System cut its position in Electronic Arts Inc. (NASDAQ:EAFree Report) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 69,954 shares of the game software company’s stock after selling 600 shares during the period. State of Michigan Retirement System’s holdings in Electronic Arts were worth $9,570,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Resurgent Financial Advisors LLC acquired a new stake in shares of Electronic Arts in the fourth quarter worth approximately $26,000. DHJJ Financial Advisors Ltd. acquired a new stake in shares of Electronic Arts in the third quarter worth approximately $26,000. Bray Capital Advisors boosted its stake in shares of Electronic Arts by 100.0% in the third quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock worth $26,000 after acquiring an additional 110 shares during the last quarter. Tyler Stone Wealth Management acquired a new stake in shares of Electronic Arts in the second quarter worth approximately $32,000. Finally, Neo Ivy Capital Management boosted its stake in shares of Electronic Arts by 70.1% in the second quarter. Neo Ivy Capital Management now owns 262 shares of the game software company’s stock worth $31,000 after acquiring an additional 108 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EA has been the topic of a number of recent research reports. UBS Group lowered their price objective on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 27th. Stifel Nicolaus boosted their price objective on Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Wedbush reissued an “outperform” rating and set a $162.00 price objective on shares of Electronic Arts in a research note on Wednesday, January 31st. BMO Capital Markets initiated coverage on Electronic Arts in a research note on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price objective on the stock. Finally, Wolfe Research initiated coverage on Electronic Arts in a research note on Tuesday, December 12th. They set a “peer perform” rating on the stock. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

View Our Latest Report on EA

Insider Buying and Selling

In related news, insider Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $143.24, for a total transaction of $143,240.00. Following the completion of the transaction, the insider now directly owns 20,258 shares of the company’s stock, valued at approximately $2,901,755.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $130.66, for a total transaction of $326,650.00. Following the completion of the transaction, the chief executive officer now directly owns 25,930 shares of the company’s stock, valued at approximately $3,388,013.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $143.24, for a total value of $143,240.00. Following the transaction, the insider now directly owns 20,258 shares of the company’s stock, valued at $2,901,755.92. The disclosure for this sale can be found here. Insiders sold 37,144 shares of company stock valued at $5,153,300 in the last three months. 0.20% of the stock is owned by corporate insiders.

Electronic Arts Price Performance

EA stock opened at $132.15 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $35.33 billion, a PE ratio of 33.29, a P/E/G ratio of 1.85 and a beta of 0.76. Electronic Arts Inc. has a 12-month low of $117.47 and a 12-month high of $144.53. The business’s fifty day moving average price is $137.12 and its 200 day moving average price is $133.68.

Electronic Arts (NASDAQ:EAGet Free Report) last released its earnings results on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the firm earned $2.29 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Electronic Arts Inc. will post 5.36 EPS for the current year.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, February 27th. This represents a $0.76 annualized dividend and a yield of 0.58%. Electronic Arts’s payout ratio is 19.14%.

Electronic Arts Company Profile

(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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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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