Nomura Asset Management Co. Ltd. Purchases 2,750 Shares of Electronic Arts Inc. $EA

Nomura Asset Management Co. Ltd. increased its position in Electronic Arts Inc. (NASDAQ:EA) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 99,596 shares of the game software company’s stock after purchasing an additional 2,750 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Electronic Arts were worth $20,350,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. AXS Investments LLC bought a new position in Electronic Arts in the fourth quarter worth $613,000. MUFG Securities EMEA plc lifted its holdings in shares of Electronic Arts by 1,250.4% during the fourth quarter. MUFG Securities EMEA plc now owns 58,202 shares of the game software company’s stock valued at $11,892,000 after acquiring an additional 53,892 shares during the period. Texas Yale Capital Corp. lifted its holdings in shares of Electronic Arts by 10.3% during the fourth quarter. Texas Yale Capital Corp. now owns 1,933 shares of the game software company’s stock valued at $395,000 after acquiring an additional 180 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Electronic Arts by 19.0% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 82,212 shares of the game software company’s stock valued at $16,798,000 after acquiring an additional 13,137 shares during the period. Finally, Impact Partnership Wealth LLC bought a new position in shares of Electronic Arts during the fourth quarter valued at $244,000. 90.23% of the stock is owned by institutional investors.

Electronic Arts Stock Performance

Electronic Arts stock opened at $202.00 on Tuesday. The stock has a 50-day simple moving average of $202.10 and a 200 day simple moving average of $202.26. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22. Electronic Arts Inc. has a 12-month low of $143.51 and a 12-month high of $204.88. The stock has a market capitalization of $50.65 billion, a price-to-earnings ratio of 57.88, a P/E/G ratio of 2.22 and a beta of 0.66.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Electronic Arts’s payout ratio is currently 21.78%.

Analyst Ratings Changes

A number of research analysts have issued reports on EA shares. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Argus cut Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Citigroup lifted their price objective on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Electronic Arts currently has an average rating of “Hold” and a consensus target price of $196.64.

Insiders Place Their Bets

In related news, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $201.36, for a total value of $302,040.00. Following the completion of the sale, the chief financial officer directly owned 25,991 shares in the company, valued at $5,233,547.76. This trade represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $199.95, for a total value of $499,875.00. Following the completion of the sale, the insider owned 45,843 shares of the company’s stock, valued at approximately $9,166,307.85. The trade was a 5.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 39,906 shares of company stock valued at $8,032,336. 0.24% of the stock is owned by corporate insiders.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.