UniSuper Management Pty Ltd Acquires 3,396 Shares of Electronic Arts Inc. (NASDAQ:EA)

UniSuper Management Pty Ltd grew its stake in Electronic Arts Inc. (NASDAQ:EA) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 104,142 shares of the game software company’s stock after purchasing an additional 3,396 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Electronic Arts were worth $15,236,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Pinnacle Bancorp Inc. grew its holdings in Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after purchasing an additional 117 shares during the period. Whipplewood Advisors LLC bought a new position in shares of Electronic Arts during the fourth quarter worth $32,000. Millstone Evans Group LLC acquired a new position in shares of Electronic Arts in the 4th quarter valued at $37,000. SBI Securities Co. Ltd. bought a new stake in shares of Electronic Arts in the 4th quarter valued at $41,000. Finally, Larson Financial Group LLC raised its stake in Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after buying an additional 70 shares during the period. 90.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on EA. Stifel Nicolaus decreased their target price on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. Raymond James lowered Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Bank of America raised their target price on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Moffett Nathanson upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price target for the company in a report on Friday, January 31st. Finally, Ascendiant Capital Markets raised their price objective 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. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $155.65.

Insider Buying and Selling at Electronic Arts

In related news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total transaction of $215,175.00. Following the completion of the sale, the executive vice president now directly owns 23,386 shares of the company’s stock, valued at approximately $3,354,721.70. This trade represents a 6.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total value of $147,570.00. Following the completion of the transaction, the insider now directly owns 29,216 shares in the company, valued at approximately $4,311,405.12. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,000 shares of company stock worth $3,018,560 over the last ninety days. Insiders own 0.22% of the company’s stock.

Electronic Arts Stock Up 0.1 %

Electronic Arts stock opened at $145.30 on Friday. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The firm has a market capitalization of $37.87 billion, a PE ratio of 36.97, a P/E/G ratio of 3.58 and a beta of 0.78. The company’s 50-day moving average is $133.00 and its 200-day moving average is $144.62. 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 (NASDAQ:EA) last released its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share (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%. Sell-side analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. Electronic Arts’s dividend payout ratio (DPR) is 19.34%.

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.