Great Lakes Retirement Inc. Acquires 419 Shares of Electronic Arts Inc. (NASDAQ:EA)

Great Lakes Retirement Inc. lifted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,913 shares of the game software company’s stock after purchasing an additional 419 shares during the period. Great Lakes Retirement Inc.’s holdings in Electronic Arts were worth $672,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in EA. DHJJ Financial Advisors Ltd. acquired a new position in shares of Electronic Arts during the third quarter valued at about $26,000. Bray Capital Advisors raised its stake in Electronic Arts by 100.0% during the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock worth $26,000 after buying an additional 110 shares during the period. Resurgent Financial Advisors LLC acquired a new stake in Electronic Arts in the fourth quarter valued at approximately $26,000. Leith Wheeler Investment Counsel Ltd. increased its holdings in shares of Electronic Arts by 269.1% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock valued at $29,000 after acquiring an additional 154,989 shares in the last quarter. Finally, Neo Ivy Capital Management raised its position in shares of Electronic Arts by 70.1% during the second quarter. Neo Ivy Capital Management now owns 262 shares of the game software company’s stock worth $31,000 after purchasing an additional 108 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Trading Up 0.6 %

Electronic Arts stock traded up $0.80 during trading hours on Thursday, reaching $132.67. The stock had a trading volume of 1,289,612 shares, compared to its average volume of 2,059,667. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33. The company has a fifty day simple moving average of $137.56 and a 200-day simple moving average of $133.29. The stock has a market cap of $35.47 billion, a PE ratio of 33.22, a PEG ratio of 1.94 and a beta of 0.77. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $144.53.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($1.38). The business 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%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.29 EPS. Analysts forecast that Electronic Arts Inc. will post 5.36 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Tuesday, February 27th. Electronic Arts’s dividend payout ratio is currently 19.14%.

Analyst Upgrades and Downgrades

EA has been the subject of a number of recent research reports. UBS Group decreased their price target 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. Wolfe Research started coverage on shares of Electronic Arts in a research report on Tuesday, December 12th. They issued a “peer perform” rating on the stock. BMO Capital Markets initiated coverage on Electronic Arts in a report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price objective for the company. Stifel Nicolaus lifted their target price on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Finally, Wedbush reissued an “outperform” rating and issued a $162.00 price target on shares of Electronic Arts in a research report on Wednesday, January 31st. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $130.66, for a total transaction of $326,650.00. Following the sale, the chief executive officer now owns 25,930 shares in the company, valued at approximately $3,388,013.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $137.95, for a total value of $137,950.00. Following the transaction, the insider now owns 21,258 shares in the company, valued at $2,932,541.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $130.66, for a total transaction of $326,650.00. Following the completion of the transaction, the chief executive officer now owns 25,930 shares of the company’s stock, valued at $3,388,013.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,144 shares of company stock valued at $5,160,804. 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.