Yousif Capital Management LLC Sells 854 Shares of Electronic Arts Inc. (NASDAQ:EA)

Yousif Capital Management LLC lowered its holdings in Electronic Arts Inc. (NASDAQ:EA) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,878 shares of the game software company’s stock after selling 854 shares during the period. Yousif Capital Management LLC’s holdings in Electronic Arts were worth $5,395,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of EA. Swedbank AB grew its holdings in Electronic Arts by 6.3% during the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock valued at $235,224,000 after buying an additional 95,190 shares in the last quarter. Atomi Financial Group Inc. purchased a new position in Electronic Arts during the fourth quarter valued at approximately $217,000. Huntington National Bank increased its holdings in Electronic Arts by 983.4% during the 3rd quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock worth $36,993,000 after acquiring an additional 234,098 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in Electronic Arts during the 4th quarter worth approximately $13,845,000. Finally, Dai ichi Life Insurance Company Ltd boosted its holdings in Electronic Arts by 20.8% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 64,170 shares of the game software company’s stock valued at $9,205,000 after purchasing an additional 11,058 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $164.45, for a total value of $164,450.00. Following the completion of the sale, the insider now directly owns 30,216 shares in the company, valued at $4,969,021.20. This trade represents a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total value of $832,350.00. Following the transaction, the chief executive officer now owns 52,615 shares in the company, valued at $8,758,819.05. This trade represents a 8.68 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,500 shares of company stock worth $3,562,510. 0.22% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on EA shares. BMO Capital Markets lowered their price objective on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a research report on Wednesday. Robert W. Baird lowered their price target on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, January 23rd. Argus boosted their price objective on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. StockNews.com downgraded shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Finally, Oppenheimer dropped their target price on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. Twelve analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $155.24.

Electronic Arts Stock Performance

Shares of EA stock opened at $132.00 on Friday. The company has a market capitalization of $34.62 billion, a P/E ratio of 33.93, a PEG ratio of 2.50 and a beta of 0.79. 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 debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a 50 day moving average price of $144.69 and a two-hundred day moving average price of $147.43.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.12% and a return on equity of 18.56%. Analysts expect that Electronic Arts Inc. will post 5.02 earnings per share for the current year.

Electronic Arts Announces Dividend

The firm 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. This represents a $0.76 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is currently 19.34%.

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.