California Public Employees Retirement System Cuts Stake in Electronic Arts Inc. (NASDAQ:EA)

California Public Employees Retirement System reduced its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,665,041 shares of the game software company's stock after selling 7,679 shares during the quarter. California Public Employees Retirement System owned 0.62% of Electronic Arts worth $227,794,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in EA. CWM LLC grew its holdings in shares of Electronic Arts by 18.1% during the third quarter. CWM LLC now owns 3,746 shares of the game software company's stock worth $451,000 after purchasing an additional 573 shares during the last quarter. AE Wealth Management LLC boosted its holdings in Electronic Arts by 41.4% in the third quarter. AE Wealth Management LLC now owns 3,441 shares of the game software company's stock valued at $414,000 after acquiring an additional 1,007 shares during the last quarter. IFP Advisors Inc boosted its holdings in Electronic Arts by 20.6% in the third quarter. IFP Advisors Inc now owns 608 shares of the game software company's stock valued at $73,000 after acquiring an additional 104 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in Electronic Arts by 116.4% in the third quarter. Global Retirement Partners LLC now owns 701 shares of the game software company's stock valued at $85,000 after acquiring an additional 377 shares during the last quarter. Finally, HB Wealth Management LLC bought a new position in Electronic Arts in the third quarter valued at about $235,000. Institutional investors own 90.23% of the company's stock.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 2,500 shares of the firm's stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $138.88, for a total value of $347,200.00. Following the completion of the transaction, the chief executive officer now directly owns 30,930 shares of the company's stock, valued at $4,295,558.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Andrew Wilson sold 2,500 shares of the firm's stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $138.88, for a total value of $347,200.00. Following the completion of the transaction, the chief executive officer now directly owns 30,930 shares of the company's stock, valued at $4,295,558.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stuart Canfield sold 1,500 shares of the firm's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $140.26, for a total value of $210,390.00. Following the completion of the transaction, the chief financial officer now directly owns 4,894 shares of the company's stock, valued at $686,432.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,144 shares of company stock valued at $5,143,560. Company insiders own 0.20% of the company's stock.

Electronic Arts Stock Up 0.0 %

Shares of Electronic Arts stock traded up $0.02 on Tuesday, hitting $127.14. The company had a trading volume of 1,401,770 shares, compared to its average volume of 2,023,710. The stock has a market capitalization of $33.99 billion, a price-to-earnings ratio of 32.03, a P/E/G ratio of 1.77 and a beta of 0.76. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $144.53. The stock has a 50 day moving average of $134.30 and a 200-day moving average of $134.57. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing analysts' consensus estimates of $2.45 by ($1.38). The business had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.40 billion. Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The business's revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.29 earnings per share. As a group, sell-side analysts forecast that Electronic Arts Inc. will post 5.36 earnings per share for the current year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Tuesday, February 27th. Electronic Arts's dividend payout ratio (DPR) is 19.14%.

Wall Street Analyst Weigh In

Several research firms have weighed in on EA. Oppenheimer reissued an "outperform" rating and issued a $150.00 target price on shares of Electronic Arts in a research note on Tuesday. Benchmark reaffirmed a "buy" rating and set a $153.00 price target on shares of Electronic Arts in a research report on Thursday, April 18th. BMO Capital Markets assumed coverage on Electronic Arts in a research report on Tuesday, January 9th. They set an "outperform" rating and a $160.00 price target on the stock. Wedbush reaffirmed an "outperform" rating and set a $162.00 price target on shares of Electronic Arts in a research report on Wednesday, January 31st. Finally, UBS Group dropped their price target on Electronic Arts from $146.00 to $143.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 27th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $147.00.

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.