Strs Ohio Boosts Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Strs Ohio raised its holdings in shares of Electronic Arts Inc. (NASDAQ:EAGet Rating) by 10.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,764 shares of the game software company’s stock after acquiring an additional 924 shares during the quarter. Strs Ohio’s holdings in Electronic Arts were worth $1,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Cetera Advisor Networks LLC boosted its stake in shares of Electronic Arts by 11.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 3,466 shares of the game software company’s stock worth $439,000 after purchasing an additional 363 shares during the period. Raymond James Trust N.A. raised its holdings in shares of Electronic Arts by 8.4% in the 1st quarter. Raymond James Trust N.A. now owns 4,459 shares of the game software company’s stock valued at $564,000 after purchasing an additional 347 shares in the last quarter. Cibc World Market Inc. raised its holdings in shares of Electronic Arts by 3.8% in the 1st quarter. Cibc World Market Inc. now owns 14,997 shares of the game software company’s stock valued at $1,897,000 after purchasing an additional 548 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Electronic Arts by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 866,675 shares of the game software company’s stock valued at $109,653,000 after purchasing an additional 13,934 shares in the last quarter. Finally, Prudential PLC raised its stake in shares of Electronic Arts by 208.9% during the 1st quarter. Prudential PLC now owns 14,112 shares of the game software company’s stock worth $1,785,000 after acquiring an additional 9,544 shares in the last quarter. 89.46% of the stock is currently owned by institutional investors.

Electronic Arts Trading Down 0.8 %

Shares of NASDAQ:EA opened at $125.46 on Friday. The company has a 50 day moving average of $126.14 and a 200-day moving average of $125.84. The firm has a market cap of $34.64 billion, a P/E ratio of 39.08, a P/E/G ratio of 1.97 and a beta of 0.88. Electronic Arts Inc. has a twelve month low of $109.24 and a twelve month high of $142.79. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.24.

Electronic Arts (NASDAQ:EAGet Rating) last released its quarterly earnings results on Tuesday, November 1st. The game software company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). Electronic Arts had a net margin of 12.37% and a return on equity of 16.42%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.78 billion. As a group, analysts anticipate that Electronic Arts Inc. will post 5.53 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 21st. Shareholders of record on Wednesday, November 30th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Tuesday, November 29th. Electronic Arts’s dividend payout ratio is 23.68%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. StockNews.com raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Friday, November 11th. Credit Suisse Group lowered their price objective on Electronic Arts from $144.00 to $143.00 and set an “outperform” rating on the stock in a report on Wednesday, November 2nd. Truist Financial lowered their target price on Electronic Arts from $154.00 to $150.00 in a report on Monday, November 28th. Stifel Nicolaus lowered their target price on Electronic Arts from $153.00 to $144.00 and set a “buy” rating on the stock in a report on Monday, October 24th. Finally, Wedbush decreased their price objective on Electronic Arts from $170.00 to $164.00 and set an “outperform” rating on the stock in a report on Wednesday, November 2nd. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $148.10.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 10,000 shares of the company’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $128.61, for a total transaction of $1,286,100.00. Following the completion of the transaction, the chief executive officer now directly owns 95,274 shares in the company, valued at approximately $12,253,189.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Andrew Wilson sold 10,000 shares of the stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $128.61, for a total transaction of $1,286,100.00. Following the completion of the sale, the chief executive officer now owns 95,274 shares in the company, valued at approximately $12,253,189.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Eric Charles Kelly sold 1,000 shares of the stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $129.56, for a total transaction of $129,560.00. Following the sale, the chief accounting officer now owns 5,730 shares of the company’s stock, valued at approximately $742,378.80. The disclosure for this sale can be found here. In the last three months, insiders sold 35,785 shares of company stock valued at $4,550,770. Company insiders own 0.37% of the company’s stock.

Electronic Arts Company Profile

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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.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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