Nisa Investment Advisors LLC Acquires 14,021 Shares of Electronic Arts Inc. (NASDAQ:EA)

Nisa Investment Advisors LLC increased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 13.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,832 shares of the game software company’s stock after purchasing an additional 14,021 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Electronic Arts were worth $16,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Electronic Arts by 14.7% during the 1st quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after buying an additional 3,727,251 shares during the period. Price T Rowe Associates Inc. MD increased its position in Electronic Arts by 496.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock valued at $333,169,000 after acquiring an additional 2,090,504 shares during the last quarter. Norges Bank bought a new position in Electronic Arts in the fourth quarter valued at about $281,054,000. Swedbank AB purchased a new position in Electronic Arts in the first quarter worth about $201,935,000. Finally, Jericho Capital Asset Management L.P. bought a new stake in shares of Electronic Arts during the 1st quarter valued at about $189,055,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Stock Performance

Shares of NASDAQ:EA opened at $149.67 on Tuesday. The firm has a fifty day simple moving average of $142.82 and a two-hundred day simple moving average of $136.62. The company has a quick ratio of 1.37, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $39.77 billion, a P/E ratio of 31.98, a PEG ratio of 2.28 and a beta of 0.79. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $153.51.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, August 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.51%. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EA. Stifel Nicolaus raised their price objective on shares of Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Benchmark lifted their price target on shares of Electronic Arts from $153.00 to $163.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. StockNews.com upgraded Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft lowered their target price on Electronic Arts from $153.00 to $150.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. Finally, Wedbush raised their price objective on Electronic Arts from $162.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts currently has an average rating of “Moderate Buy” and a consensus price target of $161.28.

Insider Activity

In other news, CEO Andrew Wilson sold 4,639 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $134.15, for a total value of $622,321.85. Following the completion of the sale, the chief executive officer now owns 66,747 shares in the company, valued at approximately $8,954,110.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Andrew Wilson sold 4,639 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $134.15, for a total transaction of $622,321.85. Following the completion of the sale, the chief executive officer now directly owns 66,747 shares of the company’s stock, valued at $8,954,110.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Eric Charles Kelly sold 3,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $133.75, for a total transaction of $401,250.00. Following the completion of the transaction, the chief accounting officer now owns 7,458 shares in the company, valued at $997,507.50. The disclosure for this sale can be found here. Insiders sold 24,365 shares of company stock valued at $3,382,352 in the last ninety days. Insiders own 0.22% of the company’s stock.

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.