Cerity Partners LLC Has $1.75 Million Holdings in Electronic Arts Inc. (NASDAQ:EA)

Cerity Partners LLC boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 57.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,773 shares of the game software company’s stock after purchasing an additional 4,673 shares during the quarter. Cerity Partners LLC’s holdings in Electronic Arts were worth $1,748,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Knights of Columbus Asset Advisors LLC grew its holdings in Electronic Arts by 0.3% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 34,102 shares of the game software company’s stock worth $4,106,000 after acquiring an additional 86 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. boosted its stake in shares of Electronic Arts by 0.3% in the 3rd quarter. Van Lanschot Kempen Investment Management N.V. now owns 27,085 shares of the game software company’s stock valued at $3,261,000 after purchasing an additional 87 shares during the last quarter. Beacon Pointe Advisors LLC boosted its stake in shares of Electronic Arts by 5.0% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 1,900 shares of the game software company’s stock valued at $246,000 after purchasing an additional 91 shares during the last quarter. Mirador Capital Partners LP boosted its stake in shares of Electronic Arts by 2.9% in the 4th quarter. Mirador Capital Partners LP now owns 3,264 shares of the game software company’s stock valued at $447,000 after purchasing an additional 91 shares during the last quarter. Finally, Whittier Trust Co. boosted its stake in shares of Electronic Arts by 4.1% in the 4th quarter. Whittier Trust Co. now owns 2,355 shares of the game software company’s stock valued at $322,000 after purchasing an additional 93 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Jeff Huber sold 11,872 shares of Electronic Arts stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $141.90, for a total value of $1,684,636.80. Following the sale, the director now directly owns 79,381 shares in the company, valued at $11,264,163.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Jeff Huber sold 11,872 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $141.90, for a total value of $1,684,636.80. Following the completion of the transaction, the director now directly owns 79,381 shares of the company’s stock, valued at $11,264,163.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $137.43, for a total transaction of $109,944.00. Following the completion of the transaction, the insider now directly owns 28,683 shares of the company’s stock, valued at $3,941,904.69. The disclosure for this sale can be found here. Insiders have sold 37,144 shares of company stock worth $5,143,560 over the last ninety days. Insiders own 0.20% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA stock opened at $127.27 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market capitalization of $34.03 billion, a P/E ratio of 32.06, a price-to-earnings-growth ratio of 1.75 and a beta of 0.76. The company’s 50 day moving average price is $134.75 and its two-hundred day moving average price is $134.30. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $144.53.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the business earned $2.29 earnings per share. Electronic Arts’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, analysts expect that Electronic Arts Inc. will post 5.36 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.60%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.14%.

Wall Street Analyst Weigh In

EA has been the topic of several recent research reports. Wedbush reaffirmed an “outperform” rating and issued a $162.00 target price on shares of Electronic Arts in a research note on Wednesday, January 31st. BMO Capital Markets initiated coverage on shares of Electronic Arts in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 target price on the stock. Benchmark reaffirmed a “buy” rating and issued a $153.00 target price on shares of Electronic Arts in a research note on Thursday. Stifel Nicolaus raised their target price on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, UBS Group cut their price target on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 27th. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

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.