Strs Ohio Makes New Investment in Electronic Arts Inc. $EA

Key Points

• Strs Ohio has made a new investment in Electronic Arts Inc., purchasing 143,000 shares valued at approximately $20.67 million, which represents about 0.06% of the company.
• Insider trading activity includes a sale of 2,500 shares by Laura Miele and 1,200 shares by Vijayanthimala Singh, both transactions resulting in decreases of their respective ownership stakes.
• Electronic Arts recently announced a quarterly dividend of $0.19 per share, with an annualized yield of 0.4%, amidst a backdrop of mixed analyst ratings ranging from "Strong Buy" to "Hold."

Strs Ohio purchased a new stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 143,000 shares of the game software company's stock, valued at approximately $20,666,000. Strs Ohio owned about 0.06% of Electronic Arts at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Focus Partners Advisor Solutions LLC acquired a new stake in Electronic Arts during the 1st quarter valued at approximately $319,000. Nomura Holdings Inc. increased its position in shares of Electronic Arts by 11.7% during the fourth quarter. Nomura Holdings Inc. now owns 31,208 shares of the game software company's stock worth $4,566,000 after buying an additional 3,259 shares during the period. CCM Investment Group LLC bought a new position in Electronic Arts during the first quarter worth $1,625,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Electronic Arts by 2.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 653,581 shares of the game software company's stock valued at $94,456,000 after buying an additional 13,461 shares during the period. Finally, Resona Asset Management Co. Ltd. boosted its position in Electronic Arts by 5.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 105,892 shares of the game software company's stock valued at $15,300,000 after acquiring an additional 5,275 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $171.69, for a total transaction of $429,225.00. Following the transaction, the insider owned 55,592 shares of the company's stock, valued at $9,544,590.48. The trade was a 4.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Vijayanthimala Singh sold 1,200 shares of the company's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $172.26, for a total value of $206,712.00. Following the sale, the insider owned 35,931 shares of the company's stock, valued at $6,189,474.06. This trade represents a 3.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,900 shares of company stock worth $4,778,597 over the last ninety days. Insiders own 0.24% of the company's stock.

Electronic Arts Stock Performance

NASDAQ EA opened at $172.38 on Friday. The company has a market cap of $43.13 billion, a P/E ratio of 43.20, a PEG ratio of 2.19 and a beta of 0.75. The company has a fifty day simple moving average of $162.98 and a 200 day simple moving average of $151.68. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $180.90.

Electronic Arts Announces Dividend

The firm also recently announced 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. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, August 27th. Electronic Arts's dividend payout ratio is currently 19.05%.

Wall Street Analysts Forecast Growth

EA has been the subject of several research analyst reports. Wall Street Zen lowered Electronic Arts from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Robert W. Baird lifted their target price on Electronic Arts from $168.00 to $170.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. UBS Group set a $167.00 price target on Electronic Arts and gave the stock a "neutral" rating in a report on Friday, August 1st. DA Davidson lifted their price objective on shares of Electronic Arts from $150.00 to $160.00 and gave the company a "neutral" rating in a research note on Monday, August 11th. Finally, Bank of America increased their target price on shares of Electronic Arts from $166.00 to $168.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Two research 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 data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $167.12.

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.

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