Public Employees Retirement Association of Colorado Cuts Position in Electronic Arts Inc. (NASDAQ:EA)

Public Employees Retirement Association of Colorado lessened its holdings in Electronic Arts Inc. (NASDAQ:EA) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,206 shares of the game software company’s stock after selling 843 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Electronic Arts were worth $4,905,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Electronic Arts by 33.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 10,119 shares of the game software company’s stock worth $1,410,000 after buying an additional 2,540 shares during the last quarter. Brighton Jones LLC purchased a new position in Electronic Arts in the second quarter valued at approximately $450,000. XTX Topco Ltd lifted its stake in Electronic Arts by 104.5% in the second quarter. XTX Topco Ltd now owns 11,695 shares of the game software company’s stock valued at $1,629,000 after purchasing an additional 5,975 shares during the last quarter. Palouse Capital Management Inc. lifted its stake in Electronic Arts by 22.8% in the second quarter. Palouse Capital Management Inc. now owns 9,477 shares of the game software company’s stock valued at $1,320,000 after purchasing an additional 1,759 shares during the last quarter. Finally, Mondrian Investment Partners LTD lifted its stake in Electronic Arts by 28.0% in the second quarter. Mondrian Investment Partners LTD now owns 4,532 shares of the game software company’s stock valued at $684,000 after purchasing an additional 991 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Trading Down 0.8 %

Electronic Arts stock opened at $139.55 on Monday. The stock has a market cap of $37.08 billion, a P/E ratio of 29.82, a PEG ratio of 1.97 and a beta of 0.79. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $153.51. The firm’s fifty day moving average price is $146.15 and its 200-day moving average price is $137.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45.

Electronic Arts (NASDAQ:EA) last released its quarterly 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 firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. Equities research analysts forecast that Electronic Arts Inc. will post 5.89 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were given a $0.19 dividend. The ex-dividend date was Wednesday, August 28th. This represents a $0.76 annualized dividend and a yield of 0.54%. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Analyst Ratings Changes

Several equities analysts recently commented on EA shares. Raymond James upped their price objective on Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Stifel Nicolaus upped their price objective on Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Oppenheimer upped their price objective on Electronic Arts from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Jefferies Financial Group assumed coverage on shares of Electronic Arts in a report on Thursday, July 11th. They set a “buy” rating and a $165.00 target price on the stock. Finally, Roth Mkm reissued a “neutral” rating and set a $154.00 target price on shares of Electronic Arts in a report on Thursday. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $161.94.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $139.71, for a total value of $111,768.00. Following the completion of the transaction, the insider now directly owns 38,574 shares in the company, valued at $5,389,173.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $140.26, for a total transaction of $350,650.00. Following the completion of the sale, the chief executive officer now directly owns 61,747 shares in the company, valued at $8,660,634.22. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $139.71, for a total transaction of $111,768.00. Following the sale, the insider now owns 38,574 shares of the company’s stock, valued at $5,389,173.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,570 shares of company stock worth $4,183,508. Corporate 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.