Mackenzie Financial Corp Purchases 1,781 Shares of Electronic Arts Inc. (NASDAQ:EA)

Mackenzie Financial Corp raised its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 136,120 shares of the game software company’s stock after purchasing an additional 1,781 shares during the period. Mackenzie Financial Corp’s holdings in Electronic Arts were worth $18,966,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Electronic Arts by 14.7% during the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after purchasing an additional 3,727,251 shares during the period. Capital International Investors lifted its position in shares of Electronic Arts by 16.4% in the first quarter. Capital International Investors now owns 5,901,257 shares of the game software company’s stock valued at $782,920,000 after acquiring an additional 833,492 shares in the last quarter. Ninety One UK Ltd lifted its position in shares of Electronic Arts by 1.3% in the second quarter. Ninety One UK Ltd now owns 4,283,539 shares of the game software company’s stock valued at $596,825,000 after acquiring an additional 53,237 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Electronic Arts by 0.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company’s stock valued at $583,162,000 after acquiring an additional 18,376 shares in the last quarter. Finally, FIL Ltd lifted its position in shares of Electronic Arts by 4.4% in the fourth quarter. FIL Ltd now owns 3,428,193 shares of the game software company’s stock valued at $469,011,000 after acquiring an additional 145,466 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on EA shares. Raymond James boosted their price objective on Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $160.00 price objective on shares of Electronic Arts in a research report on Wednesday, September 18th. UBS Group boosted their price objective on Electronic Arts from $143.00 to $155.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Oppenheimer boosted their price objective on Electronic Arts from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Finally, Stifel Nicolaus boosted their price objective on Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $161.94.

Insider Activity

In other news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction that occurred on 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 $4,579,823. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction that occurred on 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 $4,579,823. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $146.58, for a total value of $219,870.00. Following the transaction, the executive vice president now directly owns 26,360 shares in the company, valued at approximately $3,863,848.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,770 shares of company stock valued at $3,509,575. 0.22% of the stock is currently owned by insiders.

Electronic Arts Trading Up 0.7 %

Shares of EA stock opened at $144.65 on Monday. Electronic Arts Inc. has a 1 year low of $117.70 and a 1 year high of $153.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.45. The stock’s 50 day simple moving average is $145.89 and its two-hundred day simple moving average is $137.96. The company has a market cap of $38.44 billion, a PE ratio of 30.91, a price-to-earnings-growth ratio of 1.91 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data 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 return on equity of 16.34% and a net margin of 15.77%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. Research analysts predict that Electronic Arts Inc. will post 5.93 earnings per share for the current year.

Electronic Arts Dividend Announcement

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 was Wednesday, August 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. Electronic Arts’s dividend payout ratio is 16.24%.

About Electronic Arts

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.