Signaturefd LLC Boosts Stake in Electronic Arts Inc. (NASDAQ:EA)

Signaturefd LLC lifted its stake in Electronic Arts Inc. (NASDAQ:EA) by 15.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,915 shares of the game software company’s stock after buying an additional 510 shares during the period. Signaturefd LLC’s holdings in Electronic Arts were worth $536,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Verdence Capital Advisors LLC boosted its position in shares of Electronic Arts by 3.5% in the fourth quarter. Verdence Capital Advisors LLC now owns 24,519 shares of the game software company’s stock worth $3,354,000 after buying an additional 819 shares during the period. Lindbrook Capital LLC boosted its position in shares of Electronic Arts by 23.7% in the fourth quarter. Lindbrook Capital LLC now owns 997 shares of the game software company’s stock worth $136,000 after buying an additional 191 shares during the period. abrdn plc lifted its stake in shares of Electronic Arts by 19.6% in the fourth quarter. abrdn plc now owns 533,248 shares of the game software company’s stock worth $72,954,000 after acquiring an additional 87,481 shares in the last quarter. Greenleaf Trust lifted its stake in shares of Electronic Arts by 3.2% in the fourth quarter. Greenleaf Trust now owns 3,818 shares of the game software company’s stock worth $522,000 after acquiring an additional 118 shares in the last quarter. Finally, Bigelow Investment Advisors LLC lifted its stake in shares of Electronic Arts by 3.6% in the fourth quarter. Bigelow Investment Advisors LLC now owns 3,014 shares of the game software company’s stock worth $412,000 after acquiring an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA stock opened at $128.14 on Thursday. Electronic Arts Inc. has a 12-month low of $117.47 and a 12-month high of $144.53. The firm has a market capitalization of $34.26 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 1.76 and a beta of 0.76. The business has a 50 day simple moving average of $134.00 and a 200 day simple moving average of $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 issued its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the company earned $2.29 earnings per share. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, equities research analysts anticipate that Electronic Arts Inc. will post 5.36 EPS for the current year.

Electronic Arts Announces Dividend

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

Analyst Ratings Changes

Several research firms recently commented on EA. Oppenheimer reiterated an “outperform” rating and issued a $150.00 price target on shares of Electronic Arts in a research note on Tuesday. Wedbush reiterated an “outperform” rating and issued a $162.00 price target on shares of Electronic Arts in a research note on Wednesday, January 31st. Benchmark reiterated a “buy” rating and issued a $153.00 price target on shares of Electronic Arts in a research note on Thursday, April 18th. BMO Capital Markets began coverage on Electronic Arts in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price target on the stock. Finally, UBS Group cut their price target on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 27th. Eight research 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.com, the company presently has an average rating of “Moderate Buy” and an average target price of $147.00.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $137.43, for a total transaction of $109,944.00. Following the completion of the sale, the insider now directly owns 28,683 shares in the company, valued at $3,941,904.69. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $137.43, for a total transaction of $109,944.00. Following the completion of the sale, the insider now directly owns 28,683 shares in the company, valued at $3,941,904.69. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $142.39, for a total transaction of $355,975.00. Following the transaction, the chief executive officer now directly owns 28,430 shares in the company, valued at $4,048,147.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,644 shares of company stock worth $4,796,360. Corporate insiders own 0.20% of the company’s stock.

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.