Victory Capital Management Inc. Acquires 14,480 Shares of Electronic Arts Inc. (NASDAQ:EA)

Victory Capital Management Inc. raised its holdings in Electronic Arts Inc. (NASDAQ:EA) by 6.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 245,911 shares of the game software company’s stock after buying an additional 14,480 shares during the period. Victory Capital Management Inc.’s holdings in Electronic Arts were worth $35,977,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EA. Los Angeles Capital Management LLC grew its position in shares of Electronic Arts by 353.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company’s stock valued at $185,692,000 after purchasing an additional 989,319 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Electronic Arts by 51.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock valued at $160,893,000 after purchasing an additional 373,730 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Electronic Arts by 8,503.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock valued at $45,626,000 after purchasing an additional 314,388 shares during the last quarter. Huntington National Bank grew its position in shares of Electronic Arts by 983.4% in the third quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock valued at $36,993,000 after purchasing an additional 234,098 shares during the last quarter. Finally, Anchor Capital Advisors LLC grew its position in shares of Electronic Arts by 5,606.4% in the fourth quarter. Anchor Capital Advisors LLC now owns 219,013 shares of the game software company’s stock valued at $32,042,000 after purchasing an additional 215,175 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Up 2.4 %

Shares of EA opened at $140.04 on Monday. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The stock has a market capitalization of $36.50 billion, a price-to-earnings ratio of 35.63, a PEG ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a fifty day moving average of $133.66 and a 200-day moving average of $145.21.

Electronic Arts (NASDAQ:EA) last announced 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 net margin of 14.28% and a return on equity of 17.80%. As a group, sell-side analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.54%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s dividend payout ratio is currently 19.34%.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was 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 directly owns 28,216 shares of the company’s stock, valued at $3,443,198.48. This trade represents a 3.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $156.27, for a total value of $234,405.00. Following the transaction, the executive vice president now directly owns 24,886 shares of the company’s stock, valued at approximately $3,888,935.22. This represents a 5.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,500 shares of company stock valued at $3,428,645 in the last three months. Insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Bank of America increased their price target on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. BNP Paribas downgraded Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research report on Monday, January 27th. Roth Mkm reduced their price target on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. Ascendiant Capital Markets increased their price target on Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Finally, Wedbush reissued an “outperform” rating and set a $173.00 price target on shares of Electronic Arts in a research report on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $154.78.

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.