Fuller & Thaler Asset Management Inc. Sells 2,456 Shares of Electronic Arts Inc. $EA

Fuller & Thaler Asset Management Inc. decreased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 24.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,519 shares of the game software company’s stock after selling 2,456 shares during the quarter. Fuller & Thaler Asset Management Inc.’s holdings in Electronic Arts were worth $1,087,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nomura Holdings Inc. increased its stake in shares of Electronic Arts by 11.7% in the fourth quarter. Nomura Holdings Inc. now owns 31,208 shares of the game software company’s stock valued at $4,566,000 after buying an additional 3,259 shares in the last quarter. CCM Investment Group LLC bought a new stake in Electronic Arts during the 1st quarter worth about $1,625,000. Sumitomo Mitsui Trust Group Inc. increased its position in Electronic Arts by 2.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 653,581 shares of the game software company’s stock valued at $94,456,000 after acquiring an additional 13,461 shares in the last quarter. Resona Asset Management Co. Ltd. raised its stake in shares of Electronic Arts by 5.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 105,892 shares of the game software company’s stock worth $15,300,000 after acquiring an additional 5,275 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Electronic Arts by 11,587.9% during the first quarter. GAMMA Investing LLC now owns 669,367 shares of the game software company’s stock worth $96,737,000 after purchasing an additional 663,640 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on EA shares. DA Davidson raised their price target on shares of Electronic Arts from $150.00 to $160.00 and gave the company a “neutral” rating in a report on Monday, August 11th. Bank of America lifted their target price on Electronic Arts from $166.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Arete Research set a $192.00 target price on Electronic Arts in a research report on Tuesday, August 5th. Arete upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 target price on the stock in a research report on Tuesday, August 5th. Finally, Roth Capital raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and raised their target price for the company from $175.00 to $185.00 in a research note on Tuesday, June 24th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat.com, Electronic Arts presently has an average rating of “Moderate Buy” and an average target price of $167.12.

Electronic Arts Price Performance

Shares of EA opened at $171.33 on Thursday. The stock has a market cap of $42.87 billion, a P/E ratio of 42.94, a price-to-earnings-growth ratio of 2.20 and a beta of 0.72. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $180.90. The stock’s 50-day moving average price is $157.52 and its two-hundred day moving average price is $146.90. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, August 27th. Electronic Arts’s dividend payout ratio is presently 19.05%.

Insider Activity

In other news, EVP Jacob J. Schatz sold 1,200 shares of Electronic Arts stock in a transaction on Friday, August 15th. The shares were sold at an average price of $174.65, for a total transaction of $209,580.00. Following the transaction, the executive vice president directly owned 27,248 shares of the company’s stock, valued at $4,758,863.20. This trade represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $155.49, for a total transaction of $388,725.00. Following the completion of the transaction, the insider directly owned 58,092 shares of the company’s stock, valued at $9,032,725.08. This trade represents a 4.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,200 shares of company stock worth $3,116,350 over the last three months. Company insiders own 0.24% 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.