Ossiam lifted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 6.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,178 shares of the game software company’s stock after buying an additional 2,249 shares during the period. Ossiam’s holdings in Electronic Arts were worth $5,496,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Brinker Capital Investments LLC raised its holdings in shares of Electronic Arts by 150.9% during the first quarter. Brinker Capital Investments LLC now owns 7,065 shares of the game software company’s stock worth $956,000 after acquiring an additional 4,249 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Electronic Arts by 5.2% during the first quarter. Sei Investments Co. now owns 66,365 shares of the game software company’s stock worth $9,217,000 after acquiring an additional 3,301 shares in the last quarter. E Fund Management Co. Ltd. purchased a new stake in shares of Electronic Arts during the first quarter worth $453,000. JPMorgan Chase & Co. raised its holdings in shares of Electronic Arts by 13.6% during the first quarter. JPMorgan Chase & Co. now owns 1,058,422 shares of the game software company’s stock worth $143,276,000 after acquiring an additional 126,344 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in shares of Electronic Arts by 23.8% during the first quarter. Quadrant Capital Group LLC now owns 1,604 shares of the game software company’s stock worth $217,000 after acquiring an additional 308 shares in the last quarter. 88.68% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Andrew Wilson sold 10,000 shares of the company’s stock in a transaction on Wednesday, July 21st. The shares were sold at an average price of $140.89, for a total value of $1,408,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Friday, July 16th. The stock was sold at an average price of $142.63, for a total transaction of $142,630.00. Following the completion of the transaction, the general counsel now directly owns 20,579 shares of the company’s stock, valued at $2,935,182.77. The disclosure for this sale can be found here. Insiders sold a total of 48,530 shares of company stock valued at $6,753,209 in the last three months. 0.65% of the stock is owned by company insiders.
Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, August 3rd. The game software company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.27 by $0.52. Electronic Arts had a net margin of 11.82% and a return on equity of 13.81%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the company posted $1.25 EPS. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, analysts forecast that Electronic Arts Inc. will post 5.11 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 22nd. Stockholders of record on Wednesday, September 1st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Tuesday, August 31st. Electronic Arts’s dividend payout ratio (DPR) is 14.98%.
Several analysts recently issued reports on EA shares. Zacks Investment Research lowered Electronic Arts from a “buy” rating to a “hold” rating and set a $144.00 price objective for the company. in a report on Friday, August 6th. Deutsche Bank Aktiengesellschaft raised their target price on Electronic Arts from $175.00 to $177.00 and gave the company a “buy” rating in a report on Thursday, August 5th. Credit Suisse Group raised their target price on Electronic Arts from $165.00 to $174.00 and gave the company an “outperform” rating in a report on Monday, August 2nd. Robert W. Baird raised their target price on Electronic Arts from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, August 5th. Finally, Morgan Stanley lifted their price objective on Electronic Arts from $150.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 5th. Ten research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, Electronic Arts has a consensus rating of “Buy” and an average target price of $162.85.
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. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Anthem, Need for Speed, and Plants v.
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