Versor Investments LP Grows Position in Electronic Arts Inc. (NASDAQ:EA)

Versor Investments LP raised its stake in Electronic Arts Inc. (NASDAQ:EA) by 302.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,003 shares of the game software company’s stock after purchasing an additional 5,261 shares during the quarter. Versor Investments LP’s holdings in Electronic Arts were worth $1,025,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Swedbank AB grew its stake in shares of Electronic Arts by 6.3% in the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock valued at $235,224,000 after purchasing an additional 95,190 shares during the last quarter. Atomi Financial Group Inc. purchased a new position in shares of Electronic Arts in the 4th quarter valued at approximately $217,000. Huntington National Bank grew its stake in shares of Electronic Arts by 983.4% in the 3rd quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock valued at $36,993,000 after purchasing an additional 234,098 shares during the last quarter. Fisher Funds Management LTD purchased a new stake in shares of Electronic Arts in the fourth quarter valued at approximately $3,730,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of Electronic Arts in the fourth quarter valued at approximately $13,845,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $130.14, for a total transaction of $650,700.00. Following the completion of the sale, the chief executive officer now owns 37,615 shares of the company’s stock, valued at approximately $4,895,216.10. The trade was a 11.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $164.45, for a total value of $164,450.00. Following the sale, the insider now directly owns 30,216 shares of the company’s stock, valued at approximately $4,969,021.20. This trade represents a 3.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,500 shares of company stock valued at $3,593,095 over the last quarter. Company insiders own 0.22% of the company’s stock.

Electronic Arts Stock Performance

NASDAQ EA opened at $130.46 on Friday. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The stock has a market cap of $34.00 billion, a price-to-earnings ratio of 33.20, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. The business has a fifty day moving average of $135.46 and a 200-day moving average of $145.85. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s dividend payout ratio is currently 19.34%.

Wall Street Analyst Weigh In

EA has been the topic of a number of analyst reports. Stifel Nicolaus decreased their price target on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research note on Tuesday, January 21st. Benchmark decreased their price target on Electronic Arts from $163.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Argus lifted their price target on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Wedbush restated an “outperform” rating and issued a $173.00 price target on shares of Electronic Arts in a research note on Thursday, January 23rd. Finally, DA Davidson initiated coverage on Electronic Arts in a research note on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 price target on the stock. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $154.55.

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.