Impact Investors Inc Purchases New Shares in Electronic Arts Inc. (NASDAQ:EA)

Impact Investors Inc bought a new stake in Electronic Arts Inc. (NASDAQ:EA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,915 shares of the game software company’s stock, valued at approximately $1,304,000. Electronic Arts makes up approximately 1.0% of Impact Investors Inc’s holdings, making the stock its 26th biggest holding.

A number of other institutional investors have also made changes to their positions in EA. International Assets Investment Management LLC acquired a new stake in Electronic Arts in the third quarter worth about $3,313,000. Hennion & Walsh Asset Management Inc. grew its position in shares of Electronic Arts by 27.1% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 2,605 shares of the game software company’s stock worth $374,000 after buying an additional 556 shares during the period. Arkadios Wealth Advisors bought a new stake in shares of Electronic Arts during the third quarter worth approximately $504,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Electronic Arts by 295.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 33,261 shares of the game software company’s stock valued at $4,771,000 after buying an additional 24,842 shares during the period. Finally, Frank Rimerman Advisors LLC boosted its stake in Electronic Arts by 4.7% in the third quarter. Frank Rimerman Advisors LLC now owns 2,655 shares of the game software company’s stock valued at $381,000 after acquiring an additional 120 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

Electronic Arts Trading Down 1.7 %

NASDAQ:EA opened at $131.73 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The company has a market cap of $34.33 billion, a PE ratio of 33.52, a PEG ratio of 3.58 and a beta of 0.79. The firm has a 50-day moving average of $136.18 and a 200-day moving average of $146.06.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, equities research analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.58%. Electronic Arts’s dividend payout ratio (DPR) is 19.34%.

Analyst Ratings Changes

A number of brokerages have issued reports on EA. Robert W. Baird reduced their target price on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, January 23rd. Roth Mkm reduced their price target on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. UBS Group upped their price objective on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Stifel Nicolaus reduced their target price on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. Finally, Argus boosted their price objective on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $154.55.

Insiders Place Their Bets

In other news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $164.45, for a total transaction of $164,450.00. Following the completion of the sale, the insider now owns 30,216 shares in the company, valued at $4,969,021.20. This trade represents a 3.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $156.27, for a total value of $234,405.00. Following the transaction, the executive vice president now directly owns 24,886 shares of the company’s stock, valued at approximately $3,888,935.22. This trade represents a 5.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,500 shares of company stock valued at $3,593,095 in the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

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.