Nomura Asset Management Co. Ltd. Buys 3,367 Shares of Electronic Arts Inc. $EA

Nomura Asset Management Co. Ltd. lifted its stake in Electronic Arts Inc. (NASDAQ:EA) by 2.9% in the second quarter, Holdings Channel.com reports. The firm owned 118,237 shares of the game software company’s stock after buying an additional 3,367 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Electronic Arts were worth $18,882,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Norden Group LLC bought a new stake in shares of Electronic Arts in the 2nd quarter worth about $214,000. Vanguard Personalized Indexing Management LLC raised its position in Electronic Arts by 34.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 40,483 shares of the game software company’s stock worth $6,467,000 after purchasing an additional 10,453 shares during the period. Focus Partners Advisor Solutions LLC purchased a new stake in Electronic Arts in the 1st quarter worth about $319,000. Vest Financial LLC lifted its stake in Electronic Arts by 5.7% in the second quarter. Vest Financial LLC now owns 278,069 shares of the game software company’s stock worth $44,408,000 after purchasing an additional 15,032 shares during the last quarter. Finally, Alta Advisers Ltd purchased a new position in shares of Electronic Arts during the second quarter valued at approximately $205,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Activity

In related news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $172.79, for a total transaction of $863,950.00. Following the transaction, the chief executive officer directly owned 47,393 shares of the company’s stock, valued at $8,189,036.47. This trade represents a 9.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $200.31, for a total transaction of $240,372.00. Following the completion of the transaction, the insider directly owned 32,331 shares of the company’s stock, valued at $6,476,222.61. This trade represents a 3.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 32,200 shares of company stock valued at $6,123,572. 0.24% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

EA has been the topic of several recent analyst reports. Zacks Research upgraded Electronic Arts from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 21st. Benchmark reaffirmed a “buy” rating on shares of Electronic Arts in a research report on Wednesday, October 29th. Citigroup increased their target price on Electronic Arts from $206.00 to $207.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Robert W. Baird reissued a “neutral” rating and set a $210.00 target price (up from $170.00) on shares of Electronic Arts in a research note on Monday, September 29th. Finally, Morgan Stanley raised their price target on shares of Electronic Arts from $148.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Electronic Arts presently has an average rating of “Hold” and a consensus price target of $181.64.

Electronic Arts Price Performance

EA opened at $201.81 on Wednesday. The company has a market capitalization of $50.33 billion, a price-to-earnings ratio of 59.01, a PEG ratio of 3.04 and a beta of 0.74. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $203.75. The business’s fifty day simple moving average is $193.59 and its 200-day simple moving average is $169.82.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, October 28th. The game software company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the company earned $1.11 earnings per share. The firm’s revenue was down 12.6% compared to the same quarter last year. On average, equities research analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. Electronic Arts’s dividend 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.