Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stake in Electronic Arts Inc. $EA

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 19.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,212 shares of the game software company’s stock after acquiring an additional 13,137 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Electronic Arts were worth $16,798,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in EA. Brighton Jones LLC increased its stake in Electronic Arts by 9.4% in the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after acquiring an additional 294 shares during the last quarter. Empowered Funds LLC increased its stake in Electronic Arts by 167.0% in the 1st quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock worth $2,790,000 after acquiring an additional 12,076 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Electronic Arts by 150.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after acquiring an additional 190 shares during the last quarter. Jump Financial LLC bought a new position in Electronic Arts in the 2nd quarter worth about $2,323,000. Finally, NewEdge Advisors LLC increased its stake in Electronic Arts by 96.4% in the 2nd quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company’s stock worth $490,000 after acquiring an additional 1,505 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $201.36, for a total transaction of $302,040.00. Following the transaction, the chief financial officer directly owned 25,991 shares of the company’s stock, valued at approximately $5,233,547.76. This trade represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $199.95, for a total value of $499,875.00. Following the transaction, the insider directly owned 45,843 shares in the company, valued at $9,166,307.85. This trade represents a 5.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 39,906 shares of company stock valued at $8,032,336 over the last three months. 0.24% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Citigroup increased their target price on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Finally, Argus cut Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $196.64.

Electronic Arts Price Performance

EA opened at $201.72 on Monday. The stock has a market cap of $50.58 billion, a PE ratio of 57.80, a P/E/G ratio of 2.22 and a beta of 0.65. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22. Electronic Arts Inc. has a 52 week low of $141.19 and a 52 week high of $204.88. The business’s fifty day simple moving average is $202.07 and its 200 day simple moving average is $202.26.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Electronic Arts’s dividend payout ratio (DPR) is 21.78%.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.