Electronic Arts Inc. $EA Shares Sold by Epoch Investment Partners Inc.

Key Points

• Epoch Investment Partners Inc. reduced its stake in Electronic Arts Inc. by 4.3%, now owning approximately 432,055 shares valued at $62.4 million.
• The company has announced a quarterly dividend of $0.19 per share, reflecting a 0.4% yield and a payout ratio of 19.05%.
• Analyst ratings for Electronic Arts include targets ranging from $160.00 to $190.00, with an average rating of "Moderate Buy".

Epoch Investment Partners Inc. decreased its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 4.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 432,055 shares of the game software company's stock after selling 19,288 shares during the period. Epoch Investment Partners Inc. owned approximately 0.17% of Electronic Arts worth $62,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Nomura Holdings Inc. increased its holdings in shares of Electronic Arts by 11.7% in the fourth quarter. Nomura Holdings Inc. now owns 31,208 shares of the game software company's stock valued at $4,566,000 after purchasing an additional 3,259 shares during the period. CCM Investment Group LLC purchased a new stake in Electronic Arts in the first quarter valued at approximately $1,625,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in Electronic Arts by 2.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 653,581 shares of the game software company's stock worth $94,456,000 after buying an additional 13,461 shares during the period. Resona Asset Management Co. Ltd. increased its holdings in Electronic Arts by 5.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 105,892 shares of the game software company's stock worth $15,300,000 after buying an additional 5,275 shares during the period. Finally, GAMMA Investing LLC raised its position in Electronic Arts by 11,587.9% during the 1st quarter. GAMMA Investing LLC now owns 669,367 shares of the game software company's stock worth $96,737,000 after buying an additional 663,640 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Electronic Arts Trading Down 0.3%

Shares of Electronic Arts stock opened at $172.23 on Wednesday. The firm has a 50-day simple moving average of $159.28 and a two-hundred day simple moving average of $148.28. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $180.90. The company has a market cap of $43.09 billion, a P/E ratio of 43.17, a price-to-earnings-growth ratio of 2.23 and a beta of 0.72.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, August 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts's dividend payout ratio is presently 19.05%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Argus set a $170.00 price objective on shares of Electronic Arts in a report on Friday, May 16th. UBS Group set a $167.00 target price on shares of Electronic Arts and gave the company a "neutral" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. upped their price target on shares of Electronic Arts from $135.00 to $160.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Oppenheimer increased their price target on Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, HSBC raised Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price objective for the company in a report on Wednesday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat, Electronic Arts has an average rating of "Moderate Buy" and a consensus target price of $167.12.

Insider Activity at Electronic Arts

In other Electronic Arts news, CFO Stuart Canfield sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $171.06, for a total value of $171,060.00. Following the sale, the chief financial officer directly owned 15,140 shares of the company's stock, valued at approximately $2,589,848.40. This trade represents a 6.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $148.69, for a total value of $223,035.00. Following the completion of the sale, the executive vice president owned 29,948 shares of the company's stock, valued at $4,452,968.12. This trade represents a 4.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,200 shares of company stock valued at $4,142,660 in the last ninety days. 0.24% of the stock is currently owned by company insiders.

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.

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