MCF Advisors LLC Increases Position in Electronic Arts Inc. (NASDAQ:EA)

MCF Advisors LLC raised its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 36.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 356 shares of the game software company’s stock after purchasing an additional 96 shares during the quarter. MCF Advisors LLC’s holdings in Electronic Arts were worth $49,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Electronic Arts by 16.3% during the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock valued at $3,086,621,000 after buying an additional 3,600,388 shares during the period. Invesco Ltd. boosted its position in shares of Electronic Arts by 7.8% during the third quarter. Invesco Ltd. now owns 4,156,556 shares of the game software company’s stock valued at $500,449,000 after buying an additional 301,194 shares during the period. Morgan Stanley boosted its position in shares of Electronic Arts by 13.0% during the third quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock valued at $408,084,000 after buying an additional 389,063 shares during the period. Northern Trust Corp raised its stake in shares of Electronic Arts by 1.9% during the third quarter. Northern Trust Corp now owns 3,171,252 shares of the game software company’s stock valued at $381,819,000 after acquiring an additional 60,359 shares in the last quarter. Finally, DNB Asset Management AS raised its stake in shares of Electronic Arts by 82.3% during the fourth quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock valued at $322,494,000 after acquiring an additional 1,064,022 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Activity

In other news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $137.43, for a total transaction of $109,944.00. Following the sale, the insider now directly owns 28,683 shares of the company’s stock, valued at $3,941,904.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $137.43, for a total value of $109,944.00. Following the sale, the insider now directly owns 28,683 shares of the company’s stock, valued at $3,941,904.69. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jeff Huber sold 11,872 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $141.90, for a total transaction of $1,684,636.80. Following the completion of the sale, the director now directly owns 79,381 shares in the company, valued at $11,264,163.90. The disclosure for this sale can be found here. Insiders have sold 37,144 shares of company stock valued at $5,143,560 over the last ninety days. 0.20% of the stock is currently owned by insiders.

Electronic Arts Price Performance

NASDAQ EA opened at $127.12 on Tuesday. The firm’s fifty day simple moving average is $134.54 and its two-hundred day simple moving average is $134.55. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. 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 $33.99 billion, a P/E ratio of 32.02, a P/E/G ratio of 1.77 and a beta of 0.76.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($1.38). The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. Electronic Arts’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.29 earnings per share. Analysts forecast that Electronic Arts Inc. will post 5.36 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Tuesday, February 27th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.14%.

Analyst Ratings Changes

EA has been the subject of several research analyst reports. Benchmark reaffirmed a “buy” rating and set a $153.00 price target on shares of Electronic Arts in a research note on Thursday, April 18th. Stifel Nicolaus lifted their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. UBS Group reduced their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research note on Wednesday, March 27th. Wedbush reissued an “outperform” rating and issued a $162.00 price objective on shares of Electronic Arts in a research note on Wednesday, January 31st. Finally, BMO Capital Markets started coverage on shares of Electronic Arts in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price objective for the company. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $147.00.

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.