iA Global Asset Management Inc. Sells 3,573 Shares of Electronic Arts Inc. (NASDAQ:EA)

iA Global Asset Management Inc. cut its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 8.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 40,466 shares of the game software company’s stock after selling 3,573 shares during the period. iA Global Asset Management Inc.’s holdings in Electronic Arts were worth $5,920,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EA. Pinnacle Bancorp Inc. increased its holdings in shares of Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Electronic Arts in the fourth quarter worth about $32,000. SBI Securities Co. Ltd. bought a new stake in shares of Electronic Arts in the fourth quarter worth about $41,000. Larson Financial Group LLC increased its holdings in shares of Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after purchasing an additional 70 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in Electronic Arts in the fourth quarter worth about $42,000. 90.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EA has been the subject of several recent research reports. DA Davidson initiated coverage on Electronic Arts in a research report on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 price target for the company. Stifel Nicolaus dropped their price target on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. Benchmark dropped their price target on Electronic Arts from $163.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Ascendiant Capital Markets lifted their price target on Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Finally, BMO Capital Markets dropped their price target on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $154.78.

Electronic Arts Stock Up 0.9 %

Shares of NASDAQ EA opened at $143.25 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market capitalization of $37.33 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 3.58 and a beta of 0.78. The stock has a 50 day moving average price of $132.69 and a 200 day moving average price of $144.70. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50.

Electronic Arts (NASDAQ:EA) last issued 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%. Sell-side analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is 19.34%.

Insider Buying and Selling

In other news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total transaction of $713,400.00. Following the transaction, the chief executive officer now directly owns 42,615 shares of the company’s stock, valued at approximately $6,080,308.20. This represents a 10.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Stuart Canfield sold 1,000 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $148.18, for a total value of $148,180.00. Following the transaction, the chief financial officer now directly owns 8,750 shares in the company, valued at approximately $1,296,575. The trade was a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,000 shares of company stock valued at $2,454,240 over the last 90 days. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts 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.