Electronic Arts Inc. (NASDAQ:EA) Stock Holdings Increased by Federated Hermes Inc.

Key Points

• Federated Hermes Inc. increased its stake in Electronic Arts Inc. by 10.3% in Q1, owning 105,607 shares valued at approximately $15.26 million.
• Electronic Arts announced a quarterly dividend of $0.19, set for payment on September 17th, with a current dividend yield of 0.5%.
• Recent analyst reports have upgraded Electronic Arts, with price targets ranging from $155 to $185, and a consensus price target of $164.21.

Federated Hermes Inc. increased its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 10.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 105,607 shares of the game software company's stock after buying an additional 9,889 shares during the quarter. Federated Hermes Inc.'s holdings in Electronic Arts were worth $15,262,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EA. Financial Management Professionals Inc. lifted its stake in Electronic Arts by 15.0% during the 1st quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company's stock worth $81,000 after acquiring an additional 73 shares in the last quarter. Whipplewood Advisors LLC boosted its holdings in Electronic Arts by 34.2% during the 1st quarter. Whipplewood Advisors LLC now owns 298 shares of the game software company's stock valued at $43,000 after acquiring an additional 76 shares during the period. Clarius Group LLC boosted its holdings in Electronic Arts by 3.6% during the 1st quarter. Clarius Group LLC now owns 2,204 shares of the game software company's stock valued at $319,000 after acquiring an additional 77 shares during the period. Conning Inc. boosted its holdings in Electronic Arts by 4.7% during the 1st quarter. Conning Inc. now owns 1,749 shares of the game software company's stock valued at $253,000 after acquiring an additional 78 shares during the period. Finally, Rosenberg Matthew Hamilton boosted its holdings in Electronic Arts by 7.8% during the 1st quarter. Rosenberg Matthew Hamilton now owns 1,121 shares of the game software company's stock valued at $162,000 after acquiring an additional 81 shares during the period. Hedge funds and other institutional investors own 90.23% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Oppenheimer raised their price target on Electronic Arts from $170.00 to $185.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Morgan Stanley increased their target price on shares of Electronic Arts from $135.00 to $148.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. TD Cowen boosted their price target on shares of Electronic Arts from $160.00 to $172.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Argus set a $170.00 target price on Electronic Arts in a research report on Friday, May 16th. Finally, HSBC raised Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 target price for the company in a report on Wednesday, May 7th. Sixteen research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $164.21.

Insider Transactions at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $159.50, for a total transaction of $398,750.00. Following the sale, the insider directly owned 60,592 shares of the company's stock, valued at approximately $9,664,424. This represents a 3.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 6,563 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $151.18, for a total value of $992,194.34. Following the sale, the chief executive officer directly owned 70,059 shares in the company, valued at approximately $10,591,519.62. This represents a 8.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,229 shares of company stock valued at $5,066,049. Insiders own 0.24% of the company's stock.

Electronic Arts Stock Up 1.7%

NASDAQ EA traded up $2.69 on Monday, reaching $159.77. The company had a trading volume of 2,742,140 shares, compared to its average volume of 2,737,129. The firm has a market capitalization of $40.15 billion, a PE ratio of 40.04, a P/E/G ratio of 2.03 and a beta of 0.72. The firm has a 50-day moving average of $151.42 and a 200-day moving average of $143.26. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.95.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, August 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.5%. Electronic Arts's dividend payout ratio (DPR) is presently 19.05%.

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.