Meeder Advisory Services Inc. Grows Position in Electronic Arts Inc. (NASDAQ:EA)

Meeder Advisory Services Inc. grew its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 38.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,672 shares of the game software company’s stock after purchasing an additional 747 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Electronic Arts were worth $372,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale raised its holdings in Electronic Arts by 0.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 922,116 shares of the game software company’s stock worth $129,075,000 after purchasing an additional 3,181 shares during the period. Johnson Investment Counsel Inc. increased its position in shares of Electronic Arts by 14.3% in the second quarter. Johnson Investment Counsel Inc. now owns 2,041 shares of the game software company’s stock valued at $284,000 after buying an additional 255 shares in the last quarter. Achmea Investment Management B.V. raised its stake in shares of Electronic Arts by 113.7% during the 2nd quarter. Achmea Investment Management B.V. now owns 50,458 shares of the game software company’s stock worth $7,031,000 after buying an additional 26,842 shares during the period. Marco Investment Management LLC lifted its position in shares of Electronic Arts by 5.4% during the 2nd quarter. Marco Investment Management LLC now owns 2,150 shares of the game software company’s stock valued at $300,000 after buying an additional 110 shares in the last quarter. Finally, AdvisorShares Investments LLC grew its stake in Electronic Arts by 17.3% in the 2nd quarter. AdvisorShares Investments LLC now owns 5,964 shares of the game software company’s stock valued at $819,000 after acquiring an additional 878 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EA has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on shares of Electronic Arts from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. Wedbush lifted their price objective on Electronic Arts from $162.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Roth Mkm increased their target price on Electronic Arts from $135.00 to $152.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Citigroup lowered Electronic Arts from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $148.00 to $161.00 in a research note on Monday, July 15th. Finally, StockNews.com raised Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Nine equities research 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 a consensus rating of “Moderate Buy” and an average price target of $161.28.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total transaction of $151,700.00. Following the transaction, the insider now owns 30,190 shares of the company’s stock, valued at approximately $4,579,823. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $140.26, for a total transaction of $350,650.00. Following the sale, the chief executive officer now owns 61,747 shares of the company’s stock, valued at $8,660,634.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total value of $151,700.00. Following the completion of the transaction, the insider now owns 30,190 shares of the company’s stock, valued at $4,579,823. The disclosure for this sale can be found here. Insiders sold a total of 27,070 shares of company stock worth $3,963,638 over the last ninety days. Company insiders own 0.22% of the company’s stock.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $145.83 on Monday. The business’s fifty day simple moving average is $146.26 and its 200-day simple moving average is $137.60. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. The firm has a market cap of $38.53 billion, a PE ratio of 31.16, a price-to-earnings-growth ratio of 1.97 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 (NASDAQ:EA) last announced its earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.06. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. Equities analysts forecast that Electronic Arts Inc. will post 5.89 earnings per share for the current year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Wednesday, August 28th. Electronic Arts’s dividend payout ratio (DPR) is 16.24%.

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.