Electronic Arts Inc. (NASDAQ:EA) Stock Position Lowered by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its position in Electronic Arts Inc. (NASDAQ:EA) by 3.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 153,113 shares of the game software company’s stock after selling 4,864 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.06% of Electronic Arts worth $22,400,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in Electronic Arts in the 3rd quarter worth approximately $25,000. Pinnacle Bancorp Inc. lifted its position in Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after buying an additional 117 shares in the last quarter. Reston Wealth Management LLC purchased a new stake in Electronic Arts in the 3rd quarter worth approximately $36,000. Larson Financial Group LLC lifted its position in Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after buying an additional 70 shares in the last quarter. Finally, SJS Investment Consulting Inc. lifted its position in Electronic Arts by 1,458.3% in the 4th quarter. SJS Investment Consulting Inc. now owns 374 shares of the game software company’s stock worth $55,000 after buying an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $130.14, for a total transaction of $650,700.00. Following the completion of the transaction, the chief executive officer now directly owns 37,615 shares of the company’s stock, valued at $4,895,216.10. This trade represents a 11.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $164.45, for a total transaction of $164,450.00. Following the transaction, the insider now directly owns 30,216 shares of the company’s stock, valued at $4,969,021.20. This represents a 3.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,500 shares of company stock valued at $3,593,095. Company insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

EA has been the subject of a number of research analyst reports. BNP Paribas downgraded shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price for the company. in a research report on Monday, January 27th. Argus raised their price target on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. cut their price target on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. DA Davidson began coverage on shares of Electronic Arts in a report on Wednesday, February 19th. They set a “neutral” rating and a $140.00 price target on the stock. Finally, Oppenheimer cut their price target on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $154.55.

Electronic Arts Stock Performance

NASDAQ EA opened at $134.05 on Tuesday. The company’s fifty day moving average is $136.64 and its two-hundred day moving average is $146.16. The firm has a market capitalization of $34.94 billion, a price-to-earnings ratio of 34.11, a P/E/G ratio of 3.58 and a beta of 0.79. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Equities research analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s payout ratio is 19.34%.

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.