Electronic Arts Inc. $EA Position Lifted by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its stake in Electronic Arts Inc. (NASDAQ:EA) by 23.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 169,463 shares of the game software company’s stock after purchasing an additional 31,662 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Electronic Arts were worth $27,063,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of EA. Vanguard Group Inc. lifted its position in shares of Electronic Arts by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company’s stock worth $4,198,607,000 after buying an additional 150,438 shares during the last quarter. Ninety One UK Ltd boosted its position in Electronic Arts by 4.6% during the 2nd quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company’s stock valued at $695,645,000 after purchasing an additional 193,442 shares during the period. Independent Franchise Partners LLP grew its stake in Electronic Arts by 2.3% during the 1st quarter. Independent Franchise Partners LLP now owns 3,945,702 shares of the game software company’s stock worth $570,233,000 after buying an additional 88,767 shares during the last quarter. Invesco Ltd. grew its stake in Electronic Arts by 15.6% during the 1st quarter. Invesco Ltd. now owns 3,733,481 shares of the game software company’s stock worth $539,563,000 after buying an additional 504,760 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Electronic Arts by 62.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company’s stock worth $470,197,000 after buying an additional 1,254,194 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Ratings Changes

EA has been the subject of several recent research reports. Arete upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 price target for the company in a research report on Tuesday, August 5th. Arete Research set a $192.00 target price on shares of Electronic Arts in a research report on Tuesday, August 5th. Wells Fargo & Company set a $168.00 price target on Electronic Arts and gave the company an “equal weight” rating in a report on Monday, July 28th. Hsbc Global Res lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, Citigroup boosted their price target on Electronic Arts from $206.00 to $207.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $181.64.

Insiders Place Their Bets

In related news, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $203.40, for a total value of $244,080.00. Following the transaction, the insider owned 33,531 shares of the company’s stock, valued at approximately $6,820,205.40. This trade represents a 3.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $171.05, for a total transaction of $855,250.00. Following the sale, the chief executive officer directly owned 52,393 shares of the company’s stock, valued at $8,961,822.65. This represents a 8.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 39,400 shares of company stock worth $7,359,462 over the last three months. Company insiders own 0.24% of the company’s stock.

Electronic Arts Trading Up 0.1%

Shares of Electronic Arts stock opened at $200.60 on Monday. The business has a fifty day simple moving average of $189.02 and a 200-day simple moving average of $167.12. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $203.75. The firm has a market cap of $50.03 billion, a price-to-earnings ratio of 58.65, a price-to-earnings-growth ratio of 3.04 and a beta of 0.74. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.07). The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.88 billion. Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.Electronic Arts’s revenue was down 12.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.11 earnings per share. On average, equities analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

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

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.