USS Investment Management Ltd Sells 8,129 Shares of Electronic Arts Inc. $EA

Key Points

• USS Investment Management Ltd reduced its holdings in Electronic Arts Inc. by 16.9%, bringing its total value to approximately $5.79 million as of its latest SEC filing.
• A number of institutional investors have increased their stakes in Electronic Arts, indicating a positive outlook for the stock, which has an average rating of "Moderate Buy" from analysts.
• Electronic Arts announced a quarterly $0.19 dividend, with an annualized yield of 0.5%, highlighting its commitment to returning value to shareholders.

USS Investment Management Ltd lessened its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 16.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,036 shares of the game software company's stock after selling 8,129 shares during the period. USS Investment Management Ltd's holdings in Electronic Arts were worth $5,786,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Putney Financial Group LLC purchased a new stake in shares of Electronic Arts during the 4th quarter valued at about $26,000. Opal Wealth Advisors LLC bought a new stake in Electronic Arts during the first quarter valued at approximately $28,000. Bank of Jackson Hole Trust grew its position in Electronic Arts by 56.4% during the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock valued at $30,000 after buying an additional 75 shares during the period. Wayfinding Financial LLC purchased a new stake in Electronic Arts during the first quarter valued at approximately $39,000. Finally, American National Bank & Trust bought a new position in Electronic Arts in the first quarter worth approximately $40,000. Institutional investors own 90.23% of the company's stock.

Electronic Arts Price Performance

Shares of NASDAQ:EA traded down $0.38 during trading on Thursday, hitting $169.89. 2,410,758 shares of the company's stock were exchanged, compared to its average volume of 3,408,416. The business's 50-day simple moving average is $162.35 and its 200 day simple moving average is $151.15. The company has a market cap of $42.51 billion, a price-to-earnings ratio of 42.58, a PEG ratio of 2.14 and a beta of 0.75. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $180.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84.

Electronic Arts Announces Dividend

The business also recently disclosed 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 is Wednesday, August 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts's dividend payout ratio (DPR) is presently 19.05%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on EA shares. Arete Research set a $192.00 price objective on Electronic Arts in a research note on Tuesday, August 5th. Bank of America upped their price target on Electronic Arts from $166.00 to $168.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Citigroup reaffirmed a "neutral" rating and issued a $153.00 price objective (up previously from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. Argus set a $170.00 price objective on Electronic Arts in a research note on Friday, May 16th. Finally, UBS Group set a $167.00 target price on shares of Electronic Arts and gave the stock a "neutral" rating in a report on Friday, August 1st. Two investment 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 company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $167.12.

Insider Activity at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction on Monday, June 16th. The shares were sold at an average price of $148.69, for a total value of $223,035.00. Following the sale, the executive vice president directly owned 29,948 shares in the company, valued at approximately $4,452,968.12. The trade was a 4.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total transaction of $855,250.00. Following the completion of the sale, the chief executive officer owned 52,393 shares in the company, valued at approximately $8,961,822.65. The trade was a 8.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,900 shares of company stock worth $4,778,597 over the last ninety days. 0.24% of the stock is owned by corporate insiders.

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.