Public Sector Pension Investment Board Grows Position in Electronic Arts Inc. $EA

Public Sector Pension Investment Board raised its stake in Electronic Arts Inc. (NASDAQ:EA) by 685.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 153,283 shares of the game software company’s stock after acquiring an additional 133,772 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.06% of Electronic Arts worth $30,917,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in EA. Brighton Jones LLC lifted its holdings 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 valued at $500,000 after purchasing an additional 294 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Electronic Arts by 167.0% during the first quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock worth $2,790,000 after buying an additional 12,076 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Electronic Arts by 150.8% in the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock valued at $46,000 after buying an additional 190 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Electronic Arts by 7.8% in the second quarter. Concurrent Investment Advisors LLC now owns 2,455 shares of the game software company’s stock valued at $392,000 after buying an additional 178 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Electronic Arts by 37.0% during the second quarter. CWM LLC now owns 13,148 shares of the game software company’s stock valued at $2,100,000 after buying an additional 3,549 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Activity

In other Electronic Arts news, Director Jeff Huber sold 79,381 shares of Electronic Arts stock in a transaction on Friday, November 21st. The shares were sold at an average price of $201.17, for a total transaction of $15,969,075.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $204.11, for a total transaction of $510,275.00. Following the completion of the transaction, the insider directly owned 53,148 shares in the company, valued at $10,848,038.28. This trade represents a 4.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 123,769 shares of company stock valued at $24,943,734 in the last three months. 0.24% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

EA has been the subject of several recent analyst reports. Zacks Research cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Citigroup dropped their target price on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Argus set a $210.00 target price on Electronic Arts in a research report on Thursday, October 30th. Finally, Benchmark restated a “buy” rating on shares of Electronic Arts in a report on Wednesday, October 29th. Four investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $186.95.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $200.62 on Friday. Electronic Arts Inc. has a 12 month low of $128.02 and a 12 month high of $204.88. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. The stock has a market cap of $50.21 billion, a PE ratio of 75.42, a price-to-earnings-growth ratio of 2.41 and a beta of 0.74. The business has a fifty day simple moving average of $203.46 and a 200-day simple moving average of $192.30.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, February 25th. Electronic Arts’s dividend payout ratio (DPR) is currently 28.57%.

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.