New York State Teachers Retirement System Reduces Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

New York State Teachers Retirement System lessened its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 5.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 210,489 shares of the game software company's stock after selling 11,730 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of Electronic Arts worth $30,420,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Putney Financial Group LLC bought a new position in Electronic Arts in the 4th quarter valued at $26,000. Opal Wealth Advisors LLC purchased a new stake in shares of Electronic Arts during the first quarter valued at $28,000. LGT Financial Advisors LLC bought a new position in shares of Electronic Arts in the fourth quarter worth about $33,000. Millstone Evans Group LLC purchased a new position in Electronic Arts in the 4th quarter worth about $37,000. Finally, American National Bank & Trust bought a new stake in Electronic Arts during the 1st quarter valued at about $40,000. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Stock Down 1.3%

Shares of EA traded down $2.03 during mid-day trading on Wednesday, hitting $157.03. 2,901,507 shares of the company traded hands, compared to its average volume of 2,806,587. The company has a market capitalization of $39.46 billion, a PE ratio of 37.04, a price-to-earnings-growth ratio of 2.17 and a beta of 0.73. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average of $150.02 and a 200 day moving average of $142.34. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.48%. Electronic Arts's payout ratio is 17.92%.

Insiders Place Their Bets

In other news, EVP Jacob J. Schatz sold 1,500 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $145.65, for a total transaction of $218,475.00. Following the sale, the executive vice president directly owned 19,033 shares of the company's stock, valued at $2,772,156.45. The trade was a 7.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $145.56, for a total value of $145,560.00. Following the completion of the transaction, the insider directly owned 25,216 shares in the company, valued at approximately $3,670,440.96. The trade was a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,229 shares of company stock valued at $4,226,399. Corporate insiders own 0.24% of the company's stock.

Analyst Ratings Changes

EA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on shares of Electronic Arts from $135.00 to $160.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Argus set a $170.00 price objective on Electronic Arts in a research note on Friday, May 16th. Hsbc Global Res upgraded Electronic Arts from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 7th. UBS Group raised their price target on Electronic Arts from $152.00 to $167.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, Wedbush lifted their price objective on Electronic Arts from $179.00 to $210.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Fourteen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $162.80.

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.