Bryce Point Capital LLC Takes Position in Electronic Arts Inc. (NASDAQ:EA)

Bryce Point Capital LLC purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the fourth quarter, Holdings Channel.com reports. The fund purchased 6,020 shares of the game software company’s stock, valued at approximately $881,000.

Several other institutional investors have also recently made changes to their positions in EA. Pinnacle Bancorp Inc. lifted its position in Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after buying an additional 117 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Electronic Arts in the 4th quarter valued at approximately $32,000. Millstone Evans Group LLC purchased a new stake in shares of Electronic Arts in the 4th quarter valued at approximately $37,000. SBI Securities Co. Ltd. acquired a new position in shares of Electronic Arts in the 4th quarter worth approximately $41,000. Finally, OFI Invest Asset Management purchased a new position in shares of Electronic Arts during the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total value of $215,175.00. Following the transaction, the executive vice president now directly owns 23,386 shares in the company, valued at approximately $3,354,721.70. The trade was a 6.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $122.03, for a total transaction of $122,030.00. Following the completion of the sale, the insider now directly owns 28,216 shares of the company’s stock, valued at $3,443,198.48. The trade was a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock worth $3,015,990 over the last 90 days. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts Trading Down 0.5 %

EA opened at $144.87 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The company has a market cap of $37.76 billion, a P/E ratio of 36.86, a PEG ratio of 3.58 and a beta of 0.78. The business’s 50-day simple moving average is $133.20 and its 200-day simple moving average is $144.63.

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

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were given a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

Analyst Ratings Changes

A number of research firms have commented on EA. Moffett Nathanson upgraded Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Friday, January 31st. Citigroup decreased their target price on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Stifel Nicolaus lowered their target price on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Oppenheimer cut their price target on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. Finally, BNP Paribas lowered shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research note on Monday, January 27th. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $155.65.

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.