Federated Hermes Inc. Acquires 3,196 Shares of Electronic Arts Inc. (NASDAQ:EA)

Federated Hermes Inc. increased its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,762 shares of the game software company’s stock after purchasing an additional 3,196 shares during the quarter. Federated Hermes Inc.’s holdings in Electronic Arts were worth $7,082,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Bray Capital Advisors grew its stake in shares of Electronic Arts by 100.0% during the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock worth $26,000 after acquiring an additional 110 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. raised its stake in Electronic Arts by 269.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock valued at $29,000 after purchasing an additional 154,989 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Electronic Arts by 81.0% during the fourth quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock worth $31,000 after buying an additional 102 shares in the last quarter. CVA Family Office LLC acquired a new stake in shares of Electronic Arts during the 4th quarter worth approximately $38,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of Electronic Arts in the 4th quarter valued at $50,000. 90.23% of the stock is currently owned by institutional investors.

Insider Activity at Electronic Arts

In related news, insider Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $143.24, for a total value of $143,240.00. Following the completion of the sale, the insider now owns 20,258 shares in the company, valued at approximately $2,901,755.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $142.39, for a total value of $355,975.00. Following the completion of the sale, the chief executive officer now owns 28,430 shares in the company, valued at $4,048,147.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $143.24, for a total value of $143,240.00. Following the sale, the insider now directly owns 20,258 shares of the company’s stock, valued at approximately $2,901,755.92. The disclosure for this sale can be found here. Insiders have sold a total of 34,644 shares of company stock valued at $4,796,360 over the last 90 days. 0.20% of the stock is owned by insiders.

Electronic Arts Stock Performance

NASDAQ EA opened at $128.14 on Thursday. The stock has a market capitalization of $34.26 billion, a PE ratio of 32.28, a P/E/G ratio of 1.76 and a beta of 0.76. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $144.53. The company’s 50 day simple moving average is $134.00 and its two-hundred day simple moving average is $134.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33.

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

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Tuesday, February 27th. Electronic Arts’s dividend payout ratio (DPR) is currently 19.14%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EA. Oppenheimer reaffirmed an “outperform” rating and set a $150.00 target price on shares of Electronic Arts in a research note on Tuesday. Stifel Nicolaus upped their target price on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. UBS Group reduced their price target on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a report on Wednesday, March 27th. Benchmark reissued a “buy” rating and issued a $153.00 price objective on shares of Electronic Arts in a research note on Thursday, April 18th. Finally, Wedbush reaffirmed an “outperform” rating and set a $162.00 target price on shares of Electronic Arts in a research report on Wednesday, January 31st. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $147.00.

Electronic Arts 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.