Louisiana State Employees Retirement System Sells 1,700 Shares of Electronic Arts Inc. (NASDAQ:EA)

Louisiana State Employees Retirement System lowered its position in Electronic Arts Inc. (NASDAQ:EA) by 5.0% during the fourth quarter, Holdings Channel reports. The firm owned 32,000 shares of the game software company’s stock after selling 1,700 shares during the period. Louisiana State Employees Retirement System’s holdings in Electronic Arts were worth $4,682,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. CWM LLC boosted its position in shares of Electronic Arts by 1.5% during the 3rd quarter. CWM LLC now owns 6,302 shares of the game software company’s stock valued at $904,000 after purchasing an additional 95 shares in the last quarter. Creative Planning lifted its stake in Electronic Arts by 5.3% in the third quarter. Creative Planning now owns 26,676 shares of the game software company’s stock valued at $3,826,000 after buying an additional 1,351 shares during the period. NBC Securities Inc. boosted its holdings in shares of Electronic Arts by 2.1% during the 3rd quarter. NBC Securities Inc. now owns 8,530 shares of the game software company’s stock worth $1,223,000 after buying an additional 178 shares in the last quarter. Foster Victor Wealth Advisors LLC grew its position in shares of Electronic Arts by 0.9% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 120,914 shares of the game software company’s stock worth $17,380,000 after buying an additional 1,069 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Electronic Arts in the 3rd quarter valued at $388,000. 90.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Bank of America raised their price target on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. UBS Group raised their target price on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Wedbush reaffirmed an “outperform” rating and set a $173.00 price target on shares of Electronic Arts in a research note on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price objective on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Finally, Citigroup lowered their target price on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Twelve research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $155.24.

Electronic Arts Price Performance

Electronic Arts stock opened at $131.17 on Thursday. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The company’s 50 day moving average price is $141.90 and its two-hundred day moving average price is $147.14. The stock has a market cap of $34.19 billion, a P/E ratio of 33.38, a P/E/G ratio of 2.74 and a beta of 0.79. The company has a quick ratio of 1.43, a current ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, equities analysts predict that Electronic Arts Inc. will post 4.99 earnings per share for the current year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is currently 19.34%.

Insider Activity at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total transaction of $327,075.00. Following the transaction, the insider now owns 47,514 shares of the company’s stock, valued at $6,216,256.62. This represents a 5.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total value of $832,350.00. Following the completion of the sale, the chief executive officer now directly owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. This trade represents a 8.68 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,000 shares of company stock worth $3,889,585. 0.22% of the stock is owned by company insiders.

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.