Nissay Asset Management Corp Japan ADV Boosts Stock Holdings in Electronic Arts Inc. $EA

Key Points

• Nissay Asset Management Corp Japan ADV increased its shareholding in Electronic Arts Inc. by 9.6% to 84,971 shares, valued at approximately $12.28 million at the end of the first quarter.
• Several other institutional investors also boosted their stakes in Electronic Arts, with MIRAE ASSET GLOBAL ETFs HOLDINGS Ltd. increasing its holdings by 12.0% during the same period.
• Electronic Arts recently announced a quarterly dividend of $0.19, with a yield of 0.5%, and a payout ratio of 19.05% as of the last disclosure.

Nissay Asset Management Corp Japan ADV boosted its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 9.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,971 shares of the game software company's stock after purchasing an additional 7,440 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Electronic Arts were worth $12,280,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Nomura Holdings Inc. increased its holdings in Electronic Arts by 11.7% during the 4th quarter. Nomura Holdings Inc. now owns 31,208 shares of the game software company's stock worth $4,566,000 after purchasing an additional 3,259 shares in the last quarter. CCM Investment Group LLC bought a new position in Electronic Arts during the 1st quarter worth about $1,625,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in Electronic Arts by 2.1% during 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 purchasing an additional 13,461 shares in the last quarter. Resona Asset Management Co. Ltd. increased its holdings in Electronic Arts by 5.2% during 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 purchasing an additional 5,275 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Electronic Arts by 4.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 162,571 shares of the game software company's stock worth $23,495,000 after purchasing an additional 6,835 shares in the last quarter. Institutional investors own 90.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on EA shares. Wells Fargo & Company set a $168.00 target price on Electronic Arts and gave the stock an "equal weight" rating in a report on Monday, July 28th. Argus set a $170.00 price objective on Electronic Arts in a report on Friday, May 16th. Arete upgraded Electronic Arts from a "neutral" rating to a "buy" rating and set a $192.00 price objective for the company in a report on Tuesday, August 5th. Bank of America raised their price objective on Electronic Arts from $166.00 to $168.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Finally, Arete Research set a $192.00 price objective on Electronic Arts in a report on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $167.12.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $171.05, for a total transaction of $855,250.00. Following the completion of the transaction, the chief executive officer owned 52,393 shares in the company, valued at $8,961,822.65. This trade represents a 8.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $155.49, for a total transaction of $388,725.00. Following the transaction, the insider owned 58,092 shares of the company's stock, valued at $9,032,725.08. This trade represents a 4.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,900 shares of company stock worth $4,778,597 over the last three months. 0.24% of the stock is owned by company insiders.

Electronic Arts Stock Performance

Shares of EA stock traded down $0.79 during trading hours on Thursday, reaching $169.48. The company had a trading volume of 1,106,062 shares, compared to its average volume of 3,400,519. The business has a fifty day moving average price of $162.35 and a 200-day moving average price of $151.15. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $42.41 billion, a PE ratio of 42.39, a price-to-earnings-growth ratio of 2.14 and a beta of 0.75. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $180.90.

Electronic Arts Dividend Announcement

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

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.