Osaic Holdings Inc. Purchases 3,273 Shares of Electronic Arts Inc. $EA

Osaic Holdings Inc. grew its position in Electronic Arts Inc. (NASDAQ:EA) by 18.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 20,994 shares of the game software company’s stock after purchasing an additional 3,273 shares during the quarter. Osaic Holdings Inc.’s holdings in Electronic Arts were worth $3,337,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Salomon & Ludwin LLC raised its stake in Electronic Arts by 70.1% during the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock worth $26,000 after buying an additional 68 shares during the period. MTM Investment Management LLC bought a new stake in shares of Electronic Arts in the second quarter worth about $30,000. Frazier Financial Advisors LLC raised its position in shares of Electronic Arts by 328.9% during the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock worth $31,000 after purchasing an additional 148 shares during the period. NewSquare Capital LLC raised its position in shares of Electronic Arts by 67.5% during the second quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock worth $31,000 after purchasing an additional 79 shares during the period. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Electronic Arts during the 2nd quarter valued at about $37,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Activity at Electronic Arts

In other Electronic Arts news, Director Jeff Huber sold 79,381 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $201.17, for a total transaction of $15,969,075.77. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 completion of the sale, the chief financial officer owned 5,595 shares of the company’s stock, valued at approximately $1,128,231.75. This represents a 21.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 132,669 shares of company stock worth $26,721,336. Insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

EA has been the subject of a number of research reports. Hsbc Global Res cut Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Roth Capital lowered shares of Electronic Arts from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $185.00 to $210.00 in a report on Thursday, October 2nd. Jefferies Financial Group cut shares of Electronic Arts from a “buy” rating to a “hold” rating and boosted their price objective for the company from $200.00 to $210.00 in a research report on Tuesday, September 30th. Argus set a $210.00 target price on Electronic Arts in a report on Thursday, October 30th. Finally, UBS Group set a $210.00 price target on Electronic Arts and gave the company a “neutral” rating in a report on Tuesday, September 30th. Four equities research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Electronic Arts has an average rating of “Hold” and an average target price of $181.21.

Electronic Arts Trading Up 0.3%

Shares of NASDAQ:EA opened at $204.94 on Friday. The company’s 50-day moving average price is $202.03 and its two-hundred day moving average price is $179.63. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $204.84. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $51.26 billion, a PE ratio of 59.92, a price-to-earnings-growth ratio of 2.42 and a beta of 0.76.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, October 28th. The game software company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.07). The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.88 billion. Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. Electronic Arts’s revenue was down 12.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.11 EPS. On average, equities analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s payout ratio is 22.22%.

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.