SJS Investment Consulting Inc. Purchases 350 Shares of Electronic Arts Inc. (NASDAQ:EA)

SJS Investment Consulting Inc. lifted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 1,458.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 374 shares of the game software company’s stock after purchasing an additional 350 shares during the period. SJS Investment Consulting Inc.’s holdings in Electronic Arts were worth $55,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EA. Ashton Thomas Securities LLC purchased a new stake in shares of Electronic Arts during the 3rd quarter valued at $25,000. Pinnacle Bancorp Inc. increased its holdings in Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after buying an additional 117 shares during the last quarter. Reston Wealth Management LLC bought a new stake in Electronic Arts in the third quarter worth about $36,000. Bruce G. Allen Investments LLC boosted its stake in Electronic Arts by 156.6% in the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock valued at $39,000 after acquiring an additional 166 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after purchasing an additional 70 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total transaction of $832,350.00. Following the completion of the transaction, the chief executive officer now owns 52,615 shares of the company’s stock, valued at $8,758,819.05. This trade represents a 8.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $150.83, for a total value of $150,830.00. Following the completion of the transaction, the insider now directly owns 28,190 shares of the company’s stock, valued at approximately $4,251,897.70. This represents a 3.43 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,000 shares of company stock worth $3,986,385. 0.22% of the stock is currently owned by insiders.

Electronic Arts Stock Down 1.7 %

Shares of Electronic Arts stock opened at $116.56 on Friday. The stock has a market capitalization of $30.57 billion, a price-to-earnings ratio of 29.96, a P/E/G ratio of 1.87 and a beta of 0.80. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The company’s 50 day moving average price is $152.43 and its 200-day moving average price is $148.83.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were paid a $0.19 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.65%. Electronic Arts’s payout ratio is presently 19.54%.

Analysts Set New Price Targets

EA has been the subject of a number of research reports. Oppenheimer cut their target price on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday. BMO Capital Markets downgraded Electronic Arts from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $160.00 to $145.00 in a research note on Thursday. Raymond James cut Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday. Stifel Nicolaus lowered their target price on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research note on Tuesday. Finally, Roth Mkm dropped their price target on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research report on Thursday. Eleven research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $159.79.

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.