USS Investment Management Ltd Has $9.11 Million Stake in Electronic Arts Inc. $EA

USS Investment Management Ltd increased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 8.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,711 shares of the game software company’s stock after buying an additional 3,398 shares during the period. USS Investment Management Ltd’s holdings in Electronic Arts were worth $9,111,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of EA. Ameriflex Group Inc. grew its holdings in Electronic Arts by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after acquiring an additional 69 shares during the period. MV Capital Management Inc. acquired a new position in shares of Electronic Arts in the 4th quarter valued at $28,000. Asset Planning Inc bought a new position in shares of Electronic Arts in the 1st quarter worth $32,000. Fideuram Asset Management Ireland dac bought a new position in shares of Electronic Arts in the 4th quarter worth $44,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of Electronic Arts by 150.8% during the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after purchasing an additional 190 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Andrew Wilson sold 5,066 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $201.66, for a total value of $1,021,609.56. Following the completion of the transaction, the chief executive officer directly owned 85,974 shares in the company, valued at approximately $17,337,516.84. The trade was a 5.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Jacob J. Schatz sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $201.19, for a total value of $1,005,950.00. Following the sale, the executive vice president directly owned 42,287 shares of the company’s stock, valued at approximately $8,507,721.53. The trade was a 10.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 39,906 shares of company stock worth $8,060,033. Company insiders own 0.24% of the company’s stock.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $205.45 on Thursday. The stock’s fifty day simple moving average is $202.37 and its 200 day simple moving average is $202.45. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $51.52 billion, a PE ratio of 58.87, a PEG ratio of 2.31 and a beta of 0.65. Electronic Arts Inc. has a 12 month low of $146.97 and a 12 month high of $206.00.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is currently 21.78%.

Analyst Ratings Changes

Several equities analysts have weighed in on EA shares. Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Citigroup boosted their target price on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Wall Street Zen raised Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Finally, Argus lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Two research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $196.64.

About Electronic Arts

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.