Intrust Bank NA Acquires 78 Shares of Electronic Arts Inc. (NASDAQ:EA)

Intrust Bank NA lifted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,475 shares of the game software company’s stock after acquiring an additional 78 shares during the period. Intrust Bank NA’s holdings in Electronic Arts were worth $362,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Claro Advisors LLC boosted its holdings in Electronic Arts by 3.4% during the 4th quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock worth $334,000 after acquiring an additional 75 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Electronic Arts by 11.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company’s stock valued at $119,000 after purchasing an additional 81 shares in the last quarter. Ballentine Partners LLC boosted its holdings in Electronic Arts by 2.2% during the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock worth $550,000 after purchasing an additional 82 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in Electronic Arts by 1.7% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company’s stock worth $708,000 after purchasing an additional 83 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in Electronic Arts by 5.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 1,701 shares of the game software company’s stock valued at $249,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Price Performance

Electronic Arts stock opened at $144.25 on Monday. The business has a 50-day simple moving average of $133.05 and a 200 day simple moving average of $144.63. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The stock has a market cap of $37.59 billion, a price-to-earnings ratio of 36.70, a PEG ratio of 3.58 and a beta of 0.78. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25.

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

Electronic Arts Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total value of $713,400.00. Following the completion of the sale, the chief executive officer now directly owns 42,615 shares in the company, valued at approximately $6,080,308.20. The trade was a 10.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total transaction of $147,570.00. Following the transaction, the insider now directly owns 29,216 shares in the company, valued at approximately $4,311,405.12. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock valued at $3,018,560 over the last 90 days. Insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

EA has been the subject of several recent analyst reports. Stifel Nicolaus reduced their target price on 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 downgraded Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research note on Monday, January 27th. Raymond James cut Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Roth Mkm reduced their price target on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Finally, Oppenheimer dropped their target price on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $155.65.

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.