Signaturefd LLC Has $627,000 Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Signaturefd LLC lifted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 5.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,371 shares of the game software company’s stock after purchasing an additional 238 shares during the period. Signaturefd LLC’s holdings in Electronic Arts were worth $627,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Electronic Arts by 14.7% during the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock worth $3,868,620,000 after buying an additional 3,727,251 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Electronic Arts by 496.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock worth $333,169,000 after acquiring an additional 2,090,504 shares in the last quarter. Swedbank AB acquired a new position in shares of Electronic Arts in the 1st quarter valued at about $201,935,000. Jericho Capital Asset Management L.P. bought a new stake in shares of Electronic Arts during the 1st quarter valued at about $189,055,000. Finally, Manning & Napier Advisors LLC acquired a new stake in Electronic Arts during the second quarter worth approximately $188,159,000. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $145.03 on Friday. The firm has a market capitalization of $38.54 billion, a PE ratio of 30.99, a P/E/G ratio of 1.95 and a beta of 0.79. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average price of $145.07 and a two-hundred day moving average price of $139.41. Electronic Arts Inc. has a twelve month low of $119.92 and a twelve month high of $153.51.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. Equities analysts forecast that Electronic Arts Inc. will post 5.93 EPS for the current year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th were given a $0.19 dividend. The ex-dividend date was Wednesday, August 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. Electronic Arts’s dividend payout ratio (DPR) is currently 16.24%.

Insiders Place Their Bets

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $144.72, for a total value of $217,080.00. Following the transaction, the executive vice president now directly owns 24,860 shares in the company, valued at $3,597,739.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Electronic Arts news, Director Luis A. Ubinas sold 2,126 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $146.77, for a total transaction of $312,033.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $144.72, for a total value of $217,080.00. Following the completion of the sale, the executive vice president now directly owns 24,860 shares of the company’s stock, valued at approximately $3,597,739.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,270 shares of company stock worth $3,287,735 in the last three months. 0.22% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EA. Citigroup cut Electronic Arts from a “buy” rating to a “neutral” rating and increased their price target for the stock from $148.00 to $161.00 in a report on Monday, July 15th. Benchmark reaffirmed a “buy” rating and issued a $163.00 price target on shares of Electronic Arts in a research note on Wednesday, September 18th. JPMorgan Chase & Co. increased their price objective on shares of Electronic Arts from $148.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Jefferies Financial Group began coverage on Electronic Arts in a research report on Thursday, July 11th. They issued a “buy” rating and a $165.00 target price for the company. Finally, The Goldman Sachs Group increased their price target on Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Electronic Arts currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.94.

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.