Electronic Arts Inc. (NASDAQ:EA) Holdings Cut by Hartford Investment Management Co.

Hartford Investment Management Co. reduced its stake in Electronic Arts Inc. (NASDAQ:EA) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,716 shares of the game software company’s stock after selling 413 shares during the period. Hartford Investment Management Co.’s holdings in Electronic Arts were worth $2,153,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in EA. Ashton Thomas Securities LLC acquired a new stake in shares of Electronic Arts in the 3rd quarter worth about $25,000. Pinnacle Bancorp Inc. grew its position in Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Electronic Arts in the third quarter valued at approximately $36,000. Larson Financial Group LLC raised its holdings in shares of Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after buying an additional 70 shares during the last quarter. Finally, SJS Investment Consulting Inc. boosted its position in shares of Electronic Arts by 1,458.3% during the fourth quarter. SJS Investment Consulting Inc. now owns 374 shares of the game software company’s stock worth $55,000 after buying an additional 350 shares during the period. 90.23% of the stock is owned by institutional investors.

Electronic Arts Price Performance

EA stock opened at $129.82 on Friday. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The firm has a 50-day moving average of $141.18 and a two-hundred day moving average of $147.02. The firm has a market capitalization of $33.83 billion, a PE ratio of 33.03, a P/E/G ratio of 2.74 and a beta of 0.79. The company has a current ratio of 1.38, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, analysts forecast that Electronic Arts Inc. will post 4.99 earnings per share for the current year.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s payout ratio is 19.34%.

Analyst Ratings Changes

Several research firms recently commented on EA. Robert W. Baird lowered their target price on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd. Raymond James cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. BMO Capital Markets decreased their target price 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. Bank of America raised their target price on shares of Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Finally, Roth Mkm reduced their price target on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $155.24.

Insider Buying and Selling

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated 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. The trade was a 8.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $164.45, for a total value of $164,450.00. Following the sale, the insider now directly owns 30,216 shares of the company’s stock, valued at $4,969,021.20. This trade represents a 3.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,500 shares of company stock valued at $3,644,635. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts 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.