Catalyst Funds Management Pty Ltd Has $767,000 Holdings in Electronic Arts Inc. $EA

Catalyst Funds Management Pty Ltd increased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 33.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 4,800 shares of the game software company’s stock after purchasing an additional 1,200 shares during the period. Catalyst Funds Management Pty Ltd’s holdings in Electronic Arts were worth $767,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC grew its position in shares of Electronic Arts by 70.1% in the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after acquiring an additional 68 shares during the period. Bank of Jackson Hole Trust lifted its stake in Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after purchasing an additional 75 shares during the last quarter. MTM Investment Management LLC acquired a new stake in Electronic Arts in the 2nd quarter valued at about $30,000. Frazier Financial Advisors LLC grew its holdings in Electronic Arts by 328.9% during the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock worth $31,000 after purchasing an additional 148 shares during the period. Finally, NewSquare Capital LLC increased its position in Electronic Arts by 67.5% during the second quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock worth $31,000 after buying an additional 79 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

EA has been the subject of a number of recent analyst reports. Arete Research set a $192.00 price objective on Electronic Arts in a research report on Tuesday, August 5th. Cowen cut Electronic Arts from a “buy” rating to a “hold” rating in a research note on Wednesday, October 1st. Citigroup raised their price target on Electronic Arts from $206.00 to $207.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Robert W. Baird reaffirmed a “neutral” rating and set a $210.00 price objective (up from $170.00) on shares of Electronic Arts in a research report on Monday, September 29th. Finally, Baird R W lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $181.64.

Electronic Arts Stock Performance

EA opened at $201.12 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84. The business has a fifty day simple moving average of $194.84 and a 200 day simple moving average of $170.26. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $203.75. The company has a market capitalization of $50.16 billion, a PE ratio of 58.81, a price-to-earnings-growth ratio of 3.04 and a beta of 0.74.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, October 28th. The game software company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.07). Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the business earned $1.11 EPS. The firm’s quarterly revenue was down 12.6% on a year-over-year basis. Research analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd will be paid a $0.19 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s payout ratio is 22.22%.

Insider Transactions at Electronic Arts

In related news, CFO Stuart Canfield sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $203.40, for a total value of $1,322,100.00. Following the completion of the sale, the chief financial officer directly owned 5,140 shares in the company, valued at approximately $1,045,476. The trade was a 55.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $201.42, for a total value of $241,704.00. Following the sale, the insider directly owned 34,760 shares in the company, valued at $7,001,359.20. This represents a 3.34% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 40,900 shares of company stock worth $7,873,176. Company insiders own 0.24% 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.