Electronic Arts Inc. (NASDAQ:EA) Shares Bought by John G Ullman & Associates Inc.

Key Points

• John G Ullman & Associates Inc. increased its stake in Electronic Arts Inc. by 8.3% in Q1, now holding 24,250 shares worth approximately $3.51 million.
• Electronic Arts has a quarterly dividend of $0.19 per share, representing a 0.50% yield and a payout ratio of 17.92%.
• Despite a slight decline of 0.6% in stock price recently, several analysts have given Electronic Arts a consensus rating of "Moderate Buy" with an average target price of $162.71.

John G Ullman & Associates Inc. raised its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 8.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,250 shares of the game software company's stock after acquiring an additional 1,850 shares during the period. John G Ullman & Associates Inc.'s holdings in Electronic Arts were worth $3,505,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Assenagon Asset Management S.A. lifted its position in Electronic Arts by 689.3% in the first quarter. Assenagon Asset Management S.A. now owns 1,238,496 shares of the game software company's stock valued at $178,987,000 after purchasing an additional 1,081,589 shares during the last quarter. FMR LLC grew its stake in Electronic Arts by 224.8% in the fourth quarter. FMR LLC now owns 1,207,854 shares of the game software company's stock worth $176,709,000 after purchasing an additional 835,985 shares during the period. Royal Bank of Canada grew its stake in Electronic Arts by 130.0% in the fourth quarter. Royal Bank of Canada now owns 1,201,353 shares of the game software company's stock worth $175,758,000 after purchasing an additional 679,032 shares during the period. GAMMA Investing LLC grew its stake in shares of Electronic Arts by 11,587.9% in the first quarter. GAMMA Investing LLC now owns 669,367 shares of the game software company's stock worth $96,737,000 after acquiring an additional 663,640 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Electronic Arts in the fourth quarter worth $96,698,000. 90.23% of the stock is currently owned by institutional investors.

Insider Transactions at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $148.32, for a total transaction of $222,480.00. Following the completion of the transaction, the executive vice president owned 28,448 shares in the company, valued at $4,219,407.36. The trade was a 5.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $159.53, for a total transaction of $159,530.00. Following the completion of the transaction, the insider owned 37,131 shares of the company's stock, valued at approximately $5,923,508.43. The trade was a 2.62% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,729 shares of company stock worth $4,822,884. 0.24% of the stock is owned by insiders.

Analyst Ratings Changes

EA has been the topic of several analyst reports. Wedbush reissued an "outperform" rating and set a $210.00 target price on shares of Electronic Arts in a research report on Tuesday, July 22nd. HSBC upgraded Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price objective for the company in a research note on Wednesday, May 7th. Roth Capital upgraded Electronic Arts from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $175.00 to $185.00 in a research note on Tuesday, June 24th. Hsbc Global Res raised Electronic Arts from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 7th. Finally, The Goldman Sachs Group raised their price objective on Electronic Arts from $135.00 to $155.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Fourteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Electronic Arts currently has an average rating of "Moderate Buy" and a consensus price target of $162.71.

Electronic Arts Trading Down 0.6%

Electronic Arts stock traded down $0.96 during trading hours on Friday, hitting $151.68. The company had a trading volume of 1,450,551 shares, compared to its average volume of 2,278,458. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The firm has a market cap of $38.11 billion, a P/E ratio of 35.77, a P/E/G ratio of 2.06 and a beta of 0.73. The company has a 50-day moving average price of $151.04 and a two-hundred day moving average price of $142.87. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.95 and a current ratio of 0.95.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th were given a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.50%. Electronic Arts's dividend payout ratio (DPR) is 17.92%.

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.