UniSuper Management Pty Ltd Has $15.24 Million Stake in Electronic Arts Inc. (NASDAQ:EA)

UniSuper Management Pty Ltd increased its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 3.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 104,142 shares of the game software company’s stock after buying an additional 3,396 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Electronic Arts were worth $15,236,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EA. Larson Financial Group LLC raised its position in shares of Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after buying an additional 70 shares in the last quarter. Claro Advisors LLC raised its position in Electronic Arts by 3.4% during the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock valued at $334,000 after purchasing an additional 75 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Electronic Arts by 11.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company’s stock valued at $119,000 after purchasing an additional 81 shares in the last quarter. Ballentine Partners LLC boosted its holdings in shares of Electronic Arts by 2.2% in the 4th quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock valued at $550,000 after purchasing an additional 82 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in shares of Electronic Arts by 1.7% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company’s stock valued at $708,000 after purchasing an additional 83 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Benchmark upped their price objective on Electronic Arts from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday. Roth Mkm dropped their target price on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd. DA Davidson assumed coverage on shares of Electronic Arts in a report on Wednesday, February 19th. They set a “neutral” rating and a $140.00 price target on the stock. BNP Paribas downgraded shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research note on Monday, January 27th. Finally, BMO Capital Markets decreased their target price on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Electronic Arts presently has a consensus rating of “Hold” and an average price target of $155.65.

Electronic Arts Stock Performance

EA stock opened at $145.30 on Friday. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. 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 50-day moving average price of $133.00 and a 200-day moving average price of $144.62. The firm has a market cap of $37.87 billion, a PE ratio of 36.97, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78.

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

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is currently 19.34%.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total value of $147,570.00. Following the completion of the sale, the insider now owns 29,216 shares of the company’s stock, valued at approximately $4,311,405.12. This trade represents a 3.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total transaction of $713,400.00. Following the sale, the chief executive officer now owns 42,615 shares of the company’s stock, valued at $6,080,308.20. This trade represents a 10.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,000 shares of company stock valued at $3,018,560. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts Company 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.