Federated Hermes Inc. Sells 1,996 Shares of Electronic Arts Inc. (NASDAQ:EA)

Federated Hermes Inc. reduced its position in Electronic Arts Inc. (NASDAQ:EA) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,718 shares of the game software company’s stock after selling 1,996 shares during the quarter. Federated Hermes Inc.’s holdings in Electronic Arts were worth $14,004,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Claro Advisors LLC lifted its holdings in shares of Electronic Arts by 3.4% during the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock worth $334,000 after purchasing an additional 75 shares during the period. Intrust Bank NA lifted its holdings in shares of Electronic Arts by 3.3% during the fourth quarter. Intrust Bank NA now owns 2,475 shares of the game software company’s stock worth $362,000 after purchasing an additional 78 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Electronic Arts by 11.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company’s stock worth $119,000 after purchasing an additional 81 shares during the period. Ballentine Partners LLC lifted its holdings in Electronic Arts by 2.2% in the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock valued at $550,000 after acquiring an additional 82 shares during the period. Finally, Fifth Third Wealth Advisors LLC lifted its holdings in Electronic Arts by 1.7% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company’s stock valued at $708,000 after acquiring an additional 83 shares during the period. 90.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EA shares. Wedbush reissued an “outperform” rating and issued a $173.00 price target on shares of Electronic Arts in a report on Thursday, January 23rd. Stifel Nicolaus decreased their price target on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Roth Mkm decreased their price target on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd. Oppenheimer reduced their target price on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. Finally, UBS Group upped their target price on Electronic Arts from $138.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, April 3rd. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $155.30.

Electronic Arts Stock Up 3.1 %

Shares of NASDAQ:EA opened at $136.58 on Thursday. The company has a market capitalization of $35.60 billion, a P/E ratio of 34.75, a P/E/G ratio of 3.58 and a beta of 0.79. The stock’s fifty day simple moving average is $135.69 and its 200-day simple moving average is $144.34. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, equities research analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were paid a $0.19 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.56%. Electronic Arts’s payout ratio is currently 19.34%.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $130.14, for a total transaction of $650,700.00. Following the completion of the sale, the chief executive officer now directly owns 37,615 shares in the company, valued at $4,895,216.10. This represents a 11.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total value of $145,000.00. Following the sale, the insider now owns 26,216 shares of the company’s stock, valued at $3,801,320. This represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,000 shares of company stock worth $3,015,990. 0.22% of the stock is currently owned by insiders.

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. 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.