Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund decreased its stake in Electronic Arts Inc. (NASDAQ:EA) by 7.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,029 shares of the game software company’s stock after selling 691 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Electronic Arts were worth $1,065,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Jennison Associates LLC grew its position in shares of Electronic Arts by 1.3% during the fourth quarter. Jennison Associates LLC now owns 6,339 shares of the game software company’s stock worth $867,000 after acquiring an additional 84 shares during the last quarter. Mirador Capital Partners LP increased its stake in Electronic Arts by 2.9% in the fourth quarter. Mirador Capital Partners LP now owns 3,264 shares of the game software company’s stock valued at $447,000 after purchasing an additional 91 shares during the period. MCF Advisors LLC increased its stake in Electronic Arts by 36.9% in the fourth quarter. MCF Advisors LLC now owns 356 shares of the game software company’s stock valued at $49,000 after purchasing an additional 96 shares during the period. Claro Advisors LLC raised its holdings in shares of Electronic Arts by 5.6% in the first quarter. Claro Advisors LLC now owns 1,881 shares of the game software company’s stock valued at $250,000 after buying an additional 100 shares during the last quarter. Finally, Cape Investment Advisory Inc. grew its holdings in shares of Electronic Arts by 102.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after buying an additional 101 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Electronic Arts

In related news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $126.64, for a total transaction of $101,312.00. Following the sale, the insider now owns 26,283 shares in the company, valued at $3,328,479.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $126.64, for a total value of $101,312.00. Following the completion of the transaction, the insider now directly owns 26,283 shares in the company, valued at $3,328,479.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Eric Charles Kelly sold 3,000 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $133.75, for a total value of $401,250.00. Following the transaction, the chief accounting officer now owns 7,458 shares in the company, valued at $997,507.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,539 shares of company stock valued at $3,199,031. 0.22% of the stock is owned by insiders.

Electronic Arts Price Performance

Shares of EA stock traded up $2.18 during trading hours on Monday, hitting $147.36. The company’s stock had a trading volume of 986,105 shares, compared to its average volume of 2,136,182. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average of $138.50 and a 200-day moving average of $135.56. Electronic Arts Inc. has a twelve month low of $117.47 and a twelve month high of $148.22. The stock has a market cap of $39.16 billion, a price-to-earnings ratio of 31.26, a P/E/G ratio of 2.28 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, May 7th. The game software company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.78 billion. Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. As a group, equities research analysts anticipate that Electronic Arts Inc. will post 5.75 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Wednesday, May 29th. Electronic Arts’s dividend payout ratio is presently 16.24%.

Analyst Ratings Changes

EA has been the subject of a number of recent research reports. Roth Mkm increased their price objective on Electronic Arts from $135.00 to $152.00 and gave the stock a “neutral” rating in a research report on Monday. JPMorgan Chase & Co. increased their price target on Electronic Arts from $148.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Wedbush restated an “outperform” rating and set a $162.00 price objective on shares of Electronic Arts in a research report on Wednesday, May 8th. Benchmark reaffirmed a “buy” rating and issued a $153.00 target price on shares of Electronic Arts in a report on Thursday, July 18th. Finally, Stifel Nicolaus increased their price target on shares of Electronic Arts from $163.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Electronic Arts presently has an average rating of “Moderate Buy” and an average price target of $153.50.

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.