Electronic Arts Inc. (NASDAQ:EA) Shares Bought by Yousif Capital Management LLC

Yousif Capital Management LLC raised its holdings in Electronic Arts Inc. (NASDAQ:EA – Get Rating) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,231 shares of the game software company’s stock after purchasing an additional 512 shares during the period. Yousif Capital Management LLC’s holdings in Electronic Arts were worth $4,915,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in EA. Northern Oak Wealth Management Inc. bought a new stake in shares of Electronic Arts in the 2nd quarter valued at approximately $25,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Electronic Arts in the 3rd quarter valued at approximately $29,000. MCF Advisors LLC increased its holdings in shares of Electronic Arts by 2,500.0% in the 3rd quarter. MCF Advisors LLC now owns 260 shares of the game software company’s stock valued at $30,000 after acquiring an additional 250 shares during the last quarter. Neo Ivy Capital Management increased its holdings in shares of Electronic Arts by 70.1% in the 2nd quarter. Neo Ivy Capital Management now owns 262 shares of the game software company’s stock valued at $31,000 after acquiring an additional 108 shares during the last quarter. Finally, Riverview Trust Co bought a new stake in shares of Electronic Arts in the 3rd quarter valued at approximately $32,000. 89.46% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Trading Down 0.2 %

Shares of NASDAQ EA opened at $113.35 on Friday. Electronic Arts Inc. has a 12 month low of $108.53 and a 12 month high of $142.79. The company has a market cap of $31.29 billion, a price-to-earnings ratio of 30.55, a P/E/G ratio of 8.30 and a beta of 0.86. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $117.00 and a 200-day simple moving average of $122.04.

Electronic Arts (NASDAQ:EA – Get Rating) last announced its earnings results on Tuesday, January 31st. The game software company reported $0.73 EPS for the quarter, missing the consensus estimate of $2.62 by ($1.89). Electronic Arts had a net margin of 14.08% and a return on equity of 14.38%. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the prior year, the company earned $2.80 earnings per share. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. Sell-side analysts predict that Electronic Arts Inc. will post 4.44 EPS for the current year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 22nd. Investors of record on Wednesday, March 1st will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Tuesday, February 28th. Electronic Arts’s payout ratio is 20.49%.

Insider Activity at Electronic Arts

In related news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $116.78, for a total transaction of $93,424.00. Following the transaction, the insider now directly owns 25,355 shares of the company’s stock, valued at $2,960,956.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $116.78, for a total transaction of $93,424.00. Following the transaction, the insider now directly owns 25,355 shares of the company’s stock, valued at $2,960,956.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 27th. The stock was sold at an average price of $120.84, for a total value of $604,200.00. Following the completion of the transaction, the chief executive officer now directly owns 85,274 shares in the company, valued at $10,304,510.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,100 shares of company stock valued at $1,626,881. Company insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

EA has been the subject of a number of recent research reports. Cowen lowered their price objective on Electronic Arts from $158.00 to $136.00 and set an “outperform” rating for the company in a research note on Wednesday, February 1st. Truist Financial lowered their price objective on Electronic Arts from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, February 1st. Wells Fargo & Company lowered their price objective on Electronic Arts from $150.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 1st. Ascendiant Capital Markets lowered their price objective on Electronic Arts from $156.00 to $152.00 and set a “buy” rating for the company in a research note on Monday, December 19th. Finally, Robert W. Baird lowered their price objective on Electronic Arts from $145.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, February 1st. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $135.54.

About Electronic Arts

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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. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Anthem, Need for Speed, and Plants v.