Resonant Capital Advisors LLC Increases Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Resonant Capital Advisors LLC grew its holdings in Electronic Arts Inc. (NASDAQ:EA) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,597 shares of the game software company’s stock after buying an additional 803 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Electronic Arts were worth $1,997,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Cetera Advisor Networks LLC increased its position in shares of Electronic Arts by 11.7% in the first quarter. Cetera Advisor Networks LLC now owns 3,466 shares of the game software company’s stock valued at $439,000 after buying an additional 363 shares in the last quarter. Raymond James Trust N.A. increased its stake in shares of Electronic Arts by 8.4% during the 1st quarter. Raymond James Trust N.A. now owns 4,459 shares of the game software company’s stock valued at $564,000 after acquiring an additional 347 shares during the last quarter. Cibc World Market Inc. raised its stake in Electronic Arts by 3.8% during the first quarter. Cibc World Market Inc. now owns 14,997 shares of the game software company’s stock worth $1,897,000 after purchasing an additional 548 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Electronic Arts by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 866,675 shares of the game software company’s stock worth $109,653,000 after buying an additional 13,934 shares during the period. Finally, Prudential PLC boosted its holdings in Electronic Arts by 208.9% in the first quarter. Prudential PLC now owns 14,112 shares of the game software company’s stock valued at $1,785,000 after acquiring an additional 9,544 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Electronic Arts

In other news, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the completion of the transaction, the insider now owns 20,258 shares of the company’s stock, valued at $2,901,755.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $143.24, for a total value of $143,240.00. Following the completion of the transaction, the insider now directly owns 20,258 shares in the company, valued at $2,901,755.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Monday, March 25th. The stock was sold at an average price of $130.66, for a total transaction of $326,650.00. Following the sale, the chief executive officer now owns 25,930 shares in the company, valued at approximately $3,388,013.80. The disclosure for this sale can be found here. Insiders sold a total of 37,144 shares of company stock worth $5,143,560 in the last ninety days. 0.20% of the stock is currently owned by insiders.

Electronic Arts Stock Up 1.1 %

NASDAQ:EA traded up $1.43 during trading hours on Friday, reaching $127.06. The company’s stock had a trading volume of 1,055,205 shares, compared to its average volume of 2,029,505. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33. The company has a market cap of $33.97 billion, a price-to-earnings ratio of 31.64, a price-to-earnings-growth ratio of 1.75 and a beta of 0.76. Electronic Arts Inc. has a one year low of $117.47 and a one year high of $144.53. The business’s 50-day moving average is $135.02 and its 200-day moving average is $134.25.

Electronic Arts (NASDAQ:EA) last released 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 firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.40 billion. Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.29 EPS. Equities research analysts predict that Electronic Arts Inc. will post 5.36 EPS for the current year.

Electronic Arts Announces Dividend

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

Analyst Ratings Changes

EA has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Wedbush reiterated an “outperform” rating and issued a $162.00 price objective on shares of Electronic Arts in a research report on Wednesday, January 31st. Benchmark reissued a “buy” rating and set a $153.00 price target on shares of Electronic Arts in a report on Thursday. BMO Capital Markets started coverage on shares of Electronic Arts in a research report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price objective for the company. Finally, UBS Group lowered their price objective on shares of 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 equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.