Illinois Municipal Retirement Fund Sells 4,864 Shares of Electronic Arts Inc. (NASDAQ:EA)

Illinois Municipal Retirement Fund cut its stake in Electronic Arts Inc. (NASDAQ:EA) by 3.1% in the fourth quarter, HoldingsChannel reports. The fund owned 153,113 shares of the game software company’s stock after selling 4,864 shares during the period. Illinois Municipal Retirement Fund’s holdings in Electronic Arts were worth $22,400,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EA. Geode Capital Management LLC grew its position in shares of Electronic Arts by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock worth $954,358,000 after buying an additional 26,505 shares during the period. Bank of New York Mellon Corp grew its position in shares of Electronic Arts by 1.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,789,283 shares of the game software company’s stock worth $261,772,000 after buying an additional 23,289 shares during the period. Swedbank AB grew its position in shares of Electronic Arts by 6.3% during the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after buying an additional 95,190 shares during the period. Los Angeles Capital Management LLC grew its holdings in Electronic Arts by 353.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company’s stock valued at $185,692,000 after purchasing an additional 989,319 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Electronic Arts by 51.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock valued at $160,893,000 after purchasing an additional 373,730 shares during the period. 90.23% of the stock is owned by institutional investors.

Electronic Arts Stock Up 2.4 %

Electronic Arts stock opened at $134.05 on Tuesday. The firm has a market cap of $34.94 billion, a price-to-earnings ratio of 34.11, a PEG 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 quick ratio of 1.38 and a current ratio of 1.38. The firm has a 50 day moving average price of $136.64 and a two-hundred day moving average price of $146.16.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share 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 analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

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

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $148.00, for a total transaction of $740,000.00. Following the transaction, the chief executive officer now owns 47,615 shares of the company’s stock, valued at $7,047,020. This trade represents a 9.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Monday, December 2nd. The stock was 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 in the company, valued at approximately $4,969,021.20. This represents a 3.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,500 shares of company stock valued at $3,593,095. 0.22% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EA. BMO Capital Markets decreased their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Stifel Nicolaus decreased their price objective on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. BNP Paribas cut shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective for the company. in a report on Monday, January 27th. Benchmark decreased their price objective on shares of Electronic Arts from $163.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Finally, Oppenheimer decreased their price objective on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company 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 presently has a consensus rating of “Hold” and a consensus price target of $154.55.

About Electronic Arts

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.