OLD National Bancorp IN lessened its position in shares of Electronic Arts Inc. (NASDAQ:EA – Get Rating) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,820 shares of the game software company’s stock after selling 247 shares during the quarter. OLD National Bancorp IN’s holdings in Electronic Arts were worth $467,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Electronic Arts by 0.7% during the first quarter. Vanguard Group Inc. now owns 21,802,596 shares of the game software company’s stock valued at $2,758,246,000 after acquiring an additional 149,746 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in Electronic Arts by 1.4% in the third quarter. UBS Asset Management Americas Inc. now owns 2,422,088 shares of the game software company’s stock valued at $280,260,000 after purchasing an additional 34,163 shares during the period. Bank of New York Mellon Corp boosted its holdings in Electronic Arts by 5.6% in the third quarter. Bank of New York Mellon Corp now owns 2,354,276 shares of the game software company’s stock valued at $272,413,000 after purchasing an additional 124,041 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Electronic Arts by 272.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 1,609,257 shares of the game software company’s stock valued at $186,208,000 after purchasing an additional 1,177,415 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in Electronic Arts by 17.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,477,597 shares of the game software company’s stock valued at $170,973,000 after buying an additional 215,899 shares in the last quarter. Hedge funds and other institutional investors own 89.46% of the company’s stock.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Roth Capital cut their target price on Electronic Arts from $131.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 1st. Raymond James lowered their price target on Electronic Arts from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, February 1st. BMO Capital Markets lowered their target price on Electronic Arts from $154.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, February 2nd. Benchmark reduced their price target on Electronic Arts from $188.00 to $150.00 in a research note on Tuesday, January 17th. Finally, Citigroup reduced their price target on Electronic Arts from $147.00 to $131.00 and set a “buy” rating on the stock in a research note on Thursday, February 9th. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.52.
Electronic Arts Stock Up 0.3 %
Electronic Arts (NASDAQ:EA – Get Rating) last issued its quarterly earnings results on Tuesday, January 31st. The game software company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($1.89). The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.50 billion. Electronic Arts had a net margin of 14.08% and a return on equity of 14.38%. The firm’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.80 earnings per share. On average, equities analysts predict that Electronic Arts Inc. will post 4.43 EPS for the current fiscal year.
Electronic Arts Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 22nd. Shareholders of record on Wednesday, March 1st were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Tuesday, February 28th. Electronic Arts’s dividend payout ratio is currently 20.49%.
Insider Buying and Selling at Electronic Arts
In other news, CEO Andrew Wilson sold 5,840 shares of the company’s stock in a transaction that occurred on Thursday, March 30th. The shares were sold at an average price of $120.00, for a total transaction of $700,800.00. Following the completion of the sale, the chief executive officer now owns 74,434 shares of the company’s stock, valued at approximately $8,932,080. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Andrew Wilson sold 5,840 shares of the stock in a transaction on Thursday, March 30th. The shares were sold at an average price of $120.00, for a total transaction of $700,800.00. Following the transaction, the chief executive officer now directly owns 74,434 shares of the company’s stock, valued at $8,932,080. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $120.14, for a total transaction of $96,112.00. Following the transaction, the insider now directly owns 23,755 shares in the company, valued at $2,853,925.70. The disclosure for this sale can be found here. Insiders sold 13,940 shares of company stock valued at $1,715,546 in the last quarter. Company insiders own 0.37% of the company’s stock.
About Electronic Arts
Electronic Arts, Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Anthem, Need for Speed, and Plants v.
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