Hartford Investment Management Co. Has $2.15 Million Stake in Electronic Arts Inc. (NASDAQ:EA)

Hartford Investment Management Co. lessened its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 14,716 shares of the game software company’s stock after selling 413 shares during the period. Hartford Investment Management Co.’s holdings in Electronic Arts were worth $2,153,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EA. Ashton Thomas Securities LLC bought a new position in Electronic Arts in the 3rd quarter worth $25,000. Pinnacle Bancorp Inc. increased its stake in shares of Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares during the period. Reston Wealth Management LLC acquired a new position in shares of Electronic Arts during the 3rd quarter worth about $36,000. Larson Financial Group LLC boosted 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 valued at $42,000 after purchasing an additional 70 shares during the period. Finally, SJS Investment Consulting Inc. grew its holdings in Electronic Arts by 1,458.3% in the 4th quarter. SJS Investment Consulting Inc. now owns 374 shares of the game software company’s stock valued at $55,000 after buying an additional 350 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on EA shares. Argus upped their price target on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. reduced their price target on shares of 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 upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $135.00 to $177.00 in a report on Thursday, October 31st. Citigroup reduced their target price on shares of Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Finally, BNP Paribas lowered Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research note on Monday, January 27th. Twelve research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Electronic Arts presently has a consensus rating of “Hold” and a consensus target price of $155.24.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were 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 owns 52,615 shares of the company’s stock, valued at $8,758,819.05. This trade represents a 8.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $164.45, for a total value of $164,450.00. Following the transaction, the insider now directly owns 30,216 shares in the company, valued at approximately $4,969,021.20. This represents a 3.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,500 shares of company stock worth $3,644,635. Insiders own 0.22% of the company’s stock.

Electronic Arts Trading Down 1.0 %

Shares of Electronic Arts stock opened at $129.82 on Friday. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The stock has a market capitalization of $33.83 billion, a P/E ratio of 33.03, a price-to-earnings-growth ratio of 2.74 and a beta of 0.79. The company has a 50-day simple moving average of $141.18 and a 200 day simple moving average of $147.02. The company has a quick ratio of 1.43, a current ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data 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 expect that Electronic Arts Inc. will post 4.99 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders 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 yield of 0.59%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s dividend payout ratio is currently 19.34%.

About Electronic Arts

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.