Boston Partners Trims Stake in Electronic Arts Inc. (NASDAQ:EA)

Boston Partners lessened its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 124,104 shares of the game software company’s stock after selling 1,590 shares during the quarter. Boston Partners’ holdings in Electronic Arts were worth $18,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Swedbank AB lifted its holdings in Electronic Arts by 6.3% during the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock valued at $235,224,000 after purchasing an additional 95,190 shares in the last quarter. Atomi Financial Group Inc. purchased a new position in shares of Electronic Arts during the 4th quarter valued at $217,000. Charles Schwab Investment Management Inc. boosted its holdings in Electronic Arts by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company’s stock worth $213,089,000 after buying an additional 36,153 shares during the period. Fisher Funds Management LTD purchased a new stake in Electronic Arts in the 4th quarter worth $3,730,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in Electronic Arts during the fourth quarter valued at about $13,845,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts Stock Performance

Shares of NASDAQ:EA opened at $143.25 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $37.33 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The firm’s 50-day moving average is $132.69 and its 200 day moving average is $144.70.

Electronic Arts (NASDAQ:EA) last issued 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 return on equity of 17.80% and a net margin of 14.28%. Research analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Wednesday, February 26th. Electronic Arts’s dividend payout ratio is currently 19.34%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on EA shares. Wedbush reaffirmed an “outperform” rating and issued a $173.00 price objective on shares of Electronic Arts in a research note on Thursday, January 23rd. BNP Paribas lowered shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective for the company. in a report on Monday, January 27th. Ascendiant Capital Markets boosted their target price on shares of Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. 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, BMO Capital Markets decreased their price target on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $154.78.

Insider Transactions at Electronic Arts

In other news, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $130.11, for a total transaction of $130,110.00. Following the transaction, the chief financial officer now owns 9,516 shares of the company’s stock, valued at approximately $1,238,126.76. This represents a 9.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $130.14, for a total value of $650,700.00. Following the completion of the sale, the chief executive officer now owns 37,615 shares of the company’s stock, valued at $4,895,216.10. The trade was a 11.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,000 shares of company stock worth $2,454,240. Insiders own 0.22% of the company’s stock.

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.