Cerity Partners LLC Has $1.75 Million Stake in Electronic Arts Inc. (NASDAQ:EA)

Cerity Partners LLC lifted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 57.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,773 shares of the game software company’s stock after purchasing an additional 4,673 shares during the quarter. Cerity Partners LLC’s holdings in Electronic Arts were worth $1,748,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EA. Vanguard Group Inc. raised its position in Electronic Arts by 16.3% in the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock valued at $3,086,621,000 after buying an additional 3,600,388 shares during the last quarter. Norges Bank purchased a new stake in Electronic Arts in the 4th quarter valued at $270,382,000. Morgan Stanley raised its position in Electronic Arts by 62.1% in the 4th quarter. Morgan Stanley now owns 3,193,059 shares of the game software company’s stock valued at $390,128,000 after buying an additional 1,223,195 shares during the last quarter. Barclays PLC increased its position in shares of Electronic Arts by 265.0% during the 2nd quarter. Barclays PLC now owns 1,516,792 shares of the game software company’s stock valued at $196,727,000 after purchasing an additional 1,101,229 shares during the last quarter. Finally, DNB Asset Management AS increased its position in shares of Electronic Arts by 82.3% during the 4th quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock valued at $322,494,000 after purchasing an additional 1,064,022 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. BMO Capital Markets assumed coverage on Electronic Arts in a research report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 target price for the company. UBS Group decreased their target price on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, March 27th. Wedbush reaffirmed an “outperform” rating and set a $162.00 target price on shares of Electronic Arts in a research report on Wednesday, January 31st. Benchmark reaffirmed a “buy” rating and set a $153.00 target price on shares of Electronic Arts in a research report on Thursday. Finally, Stifel Nicolaus raised their target price on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $147.00.

Electronic Arts Stock Up 1.3 %

Shares of NASDAQ EA opened at $127.27 on Friday. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $144.53. The business has a 50-day simple moving average of $134.75 and a two-hundred day simple moving average of $134.30. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. The company has a market cap of $34.03 billion, a P/E ratio of 32.06, a P/E/G ratio of 1.75 and a beta of 0.76.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the prior year, the business earned $2.29 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. Research analysts anticipate that Electronic Arts Inc. will post 5.36 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.76 annualized dividend and a yield of 0.60%. Electronic Arts’s dividend payout ratio is currently 19.14%.

Insiders Place Their Bets

In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $128.21, for a total value of $128,210.00. Following the sale, the insider now owns 18,426 shares of the company’s stock, valued at approximately $2,362,397.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $128.21, for a total value of $128,210.00. Following the sale, the insider now owns 18,426 shares of the company’s stock, valued at approximately $2,362,397.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $130.66, for a total value of $326,650.00. Following the completion of the sale, the chief executive officer now directly owns 25,930 shares in the company, valued at approximately $3,388,013.80. The disclosure for this sale can be found here. Insiders sold a total of 37,144 shares of company stock worth $5,143,560 in the last quarter. 0.20% of the stock is owned by company insiders.

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.