Yousif Capital Management LLC Sells 854 Shares of Electronic Arts Inc. (NASDAQ:EA)

Yousif Capital Management LLC lowered its stake in Electronic Arts Inc. (NASDAQ:EA) by 2.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,878 shares of the game software company’s stock after selling 854 shares during the period. Yousif Capital Management LLC’s holdings in Electronic Arts were worth $5,395,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ninety One SA PTY Ltd increased its stake in Electronic Arts by 6.3% during the 4th quarter. Ninety One SA PTY Ltd now owns 14,449 shares of the game software company’s stock valued at $2,114,000 after purchasing an additional 858 shares in the last quarter. Greenwood Capital Associates LLC grew its holdings in shares of Electronic Arts by 1.5% during the fourth quarter. Greenwood Capital Associates LLC now owns 39,614 shares of the game software company’s stock valued at $5,796,000 after buying an additional 592 shares during the last quarter. E. Ohman J or Asset Management AB increased its position in shares of Electronic Arts by 0.6% during the fourth quarter. E. Ohman J or Asset Management AB now owns 186,030 shares of the game software company’s stock valued at $27,216,000 after acquiring an additional 1,200 shares in the last quarter. RBA Wealth Management LLC raised its holdings in Electronic Arts by 1.6% in the 4th quarter. RBA Wealth Management LLC now owns 27,225 shares of the game software company’s stock worth $3,983,000 after acquiring an additional 434 shares during the last quarter. Finally, Resonant Capital Advisors LLC lifted its position in Electronic Arts by 3.2% in the 4th quarter. Resonant Capital Advisors LLC now owns 15,970 shares of the game software company’s stock valued at $2,336,000 after acquiring an additional 488 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $122.03, for a total transaction of $122,030.00. Following the completion of the transaction, the insider now owns 28,216 shares of the company’s stock, valued at $3,443,198.48. This represents a 3.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total value of $832,350.00. Following the completion of the sale, the chief executive officer now directly owns 52,615 shares in the company, valued at $8,758,819.05. This trade represents a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,500 shares of company stock worth $3,562,510. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Price Performance

NASDAQ EA opened at $132.00 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The stock has a market cap of $34.62 billion, a price-to-earnings ratio of 33.93, a PEG ratio of 2.50 and a beta of 0.79. The company’s 50 day moving average is $144.69 and its two-hundred day moving average is $147.43.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.12% and a return on equity of 18.56%. As a group, research analysts anticipate that Electronic Arts Inc. will post 5.02 earnings per share for the current year.

Electronic Arts Dividend Announcement

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

Wall Street Analysts Forecast Growth

EA has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. DZ Bank raised Electronic Arts from a “hold” rating to a “buy” rating and boosted their target price for the stock from $135.00 to $177.00 in a research report on Thursday, October 31st. Moffett Nathanson upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Friday, January 31st. Robert W. Baird reduced their price target on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, January 23rd. Finally, Raymond James downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $155.24.

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.