Teacher Retirement System of Texas Has $61.13 Million Position in Electronic Arts Inc. (NASDAQ:EA)

Teacher Retirement System of Texas grew its holdings in Electronic Arts Inc. (NASDAQ:EA) by 165.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 417,817 shares of the game software company’s stock after purchasing an additional 260,567 shares during the period. Teacher Retirement System of Texas’ holdings in Electronic Arts were worth $61,127,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Pinnacle Bancorp Inc. grew its position 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 in the last quarter. Whipplewood Advisors LLC purchased a new stake in Electronic Arts in the 4th quarter worth approximately $32,000. SBI Securities Co. Ltd. purchased a new stake in Electronic Arts in the 4th quarter worth approximately $41,000. Larson Financial Group LLC raised its holdings in shares of Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after acquiring an additional 70 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new stake in shares of Electronic Arts during the fourth quarter worth $42,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on EA shares. Stifel Nicolaus cut their price target 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. Bank of America raised their target price on Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Moffett Nathanson raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Friday, January 31st. Raymond James lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird dropped their target price on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, January 23rd. 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 MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $154.78.

Electronic Arts Price Performance

Shares of Electronic Arts stock opened at $141.97 on Thursday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $37.00 billion, a price-to-earnings ratio of 36.12, a P/E/G ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The firm’s 50-day moving average price is $132.71 and its two-hundred day moving average price is $144.71.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. On average, equities analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

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 $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts’s payout ratio is presently 19.34%.

Insiders Place Their Bets

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total value of $122,030.00. Following the transaction, the insider now directly owns 28,216 shares in the company, valued at approximately $3,443,198.48. This trade represents a 3.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $148.00, for a total value of $740,000.00. Following the completion of the transaction, the chief executive officer now owns 47,615 shares in the company, valued at $7,047,020. The trade was a 9.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,000 shares of company stock valued at $3,194,240. Insiders own 0.22% 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.