Epoch Investment Partners Inc. Has $59.77 Million Position in Electronic Arts Inc. (NASDAQ:EA)

Epoch Investment Partners Inc. lifted its position in Electronic Arts Inc. (NASDAQ:EA) by 4.1% during the second quarter, HoldingsChannel.com reports. The fund owned 429,001 shares of the game software company’s stock after purchasing an additional 16,913 shares during the period. Epoch Investment Partners Inc.’s holdings in Electronic Arts were worth $59,773,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC lifted its holdings in Electronic Arts by 79.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 12,479 shares of the game software company’s stock worth $1,707,000 after acquiring an additional 5,525 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of Electronic Arts by 6.4% in the 4th quarter. Corient Private Wealth LLC now owns 67,939 shares of the game software company’s stock valued at $9,295,000 after purchasing an additional 4,112 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in Electronic Arts by 4.8% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 78,231 shares of the game software company’s stock worth $10,703,000 after purchasing an additional 3,561 shares in the last quarter. Johnson Financial Group Inc. increased its stake in Electronic Arts by 5,540.7% during the 4th quarter. Johnson Financial Group Inc. now owns 3,328 shares of the game software company’s stock worth $455,000 after purchasing an additional 3,269 shares in the last quarter. Finally, Cape Investment Advisory Inc. raised its holdings in Electronic Arts by 102.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after buying an additional 101 shares during the period. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA stock opened at $139.55 on Monday. The company has a fifty day moving average price of $146.15 and a two-hundred day moving average price of $137.73. Electronic Arts Inc. has a one year low of $117.47 and a one year high of $153.51. The stock has a market cap of $37.08 billion, a P/E ratio of 29.82, a P/E/G ratio of 1.97 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.45.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. As a group, equities analysts predict that Electronic Arts Inc. will post 5.89 EPS for the current year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.54%. Electronic Arts’s dividend payout ratio is currently 16.24%.

Analyst Ratings Changes

Several brokerages have recently issued reports on EA. Morgan Stanley reissued an “equal weight” rating and set a $150.00 price objective on shares of Electronic Arts in a research report on Wednesday, September 18th. Roth Mkm reiterated a “neutral” rating and set a $154.00 target price on shares of Electronic Arts in a report on Thursday. JPMorgan Chase & Co. lifted their price target on Electronic Arts from $148.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. StockNews.com raised Electronic Arts from a “hold” rating to a “buy” rating in a research report on Wednesday, June 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $160.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $161.94.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.71, for a total transaction of $111,768.00. Following the completion of the sale, the insider now owns 38,574 shares of the company’s stock, valued at approximately $5,389,173.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $140.26, for a total value of $350,650.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $139.71, for a total value of $111,768.00. Following the transaction, the insider now owns 38,574 shares in the company, valued at approximately $5,389,173.54. The disclosure for this sale can be found here. In the last three months, insiders sold 28,570 shares of company stock worth $4,183,508. 0.22% of the stock is owned by company insiders.

Electronic Arts 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.