Yousif Capital Management LLC Reduces Stake in Electronic Arts Inc. $EA

Yousif Capital Management LLC lowered its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 10.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,580 shares of the game software company’s stock after selling 3,135 shares during the period. Yousif Capital Management LLC’s holdings in Electronic Arts were worth $5,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings in Electronic Arts by 21.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,999 shares of the game software company’s stock valued at $403,000 after acquiring an additional 347 shares during the period. Berger Financial Group Inc purchased a new position in Electronic Arts in the third quarter valued at $208,000. Exchange Traded Concepts LLC grew its position in shares of Electronic Arts by 19.7% during the third quarter. Exchange Traded Concepts LLC now owns 47,525 shares of the game software company’s stock worth $9,586,000 after buying an additional 7,838 shares in the last quarter. Perennial Advisors LLC acquired a new position in Electronic Arts during the 3rd quarter worth approximately $206,000. Finally, Brighton Jones LLC increased its holdings in Electronic Arts by 9.9% in the third quarter. Brighton Jones LLC now owns 5,206 shares of the game software company’s stock valued at $1,050,000 after buying an additional 470 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on EA shares. Cowen lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Wednesday, October 1st. DZ Bank lowered Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 29th. Hsbc Global Res cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. TD Cowen cut Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 1st. Finally, Oppenheimer downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 30th. Four equities research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $181.21.

Electronic Arts Trading Up 0.3%

Shares of EA stock opened at $204.94 on Thursday. The firm’s 50-day simple moving average is $201.94 and its 200-day simple moving average is $179.45. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $204.84. The firm has a market cap of $51.26 billion, a P/E ratio of 59.92, a PEG ratio of 2.41 and a beta of 0.76.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the business posted $1.11 EPS. Electronic Arts’s revenue was down 12.6% compared to the same quarter last year. As a group, equities analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, December 3rd. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is currently 22.22%.

Insider Activity at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $204.11, for a total transaction of $244,932.00. Following the completion of the transaction, the insider directly owned 33,560 shares in the company, valued at approximately $6,849,931.60. This represents a 3.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $201.65, for a total transaction of $302,475.00. Following the transaction, the chief financial officer owned 5,595 shares in the company, valued at $1,128,231.75. This trade represents a 21.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 136,169 shares of company stock worth $27,378,636 over the last ninety days. Company insiders own 0.24% of the company’s stock.

Electronic Arts Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.