Federated Hermes Inc. Trims Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Federated Hermes Inc. lowered its holdings in Electronic Arts Inc. (NASDAQ:EA) by 2.0% in the fourth quarter, HoldingsChannel reports. The firm owned 95,718 shares of the game software company’s stock after selling 1,996 shares during the period. Federated Hermes Inc.’s holdings in Electronic Arts were worth $14,004,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. lifted its holdings in Electronic Arts by 141.0% during 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 during the last quarter. Whipplewood Advisors LLC bought a new position in Electronic Arts during the 4th quarter worth approximately $32,000. Millstone Evans Group LLC bought a new position in Electronic Arts during the 4th quarter worth approximately $37,000. SBI Securities Co. Ltd. bought a new position in Electronic Arts during the 4th quarter worth approximately $41,000. Finally, OFI Invest Asset Management bought a new position in Electronic Arts during the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

EA has been the topic of a number of research analyst reports. Roth Mkm reduced their target price on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd. Bank of America raised their price target on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Wedbush reissued an “outperform” rating and issued a $173.00 price target on shares of Electronic Arts in a report on Thursday, January 23rd. Stifel Nicolaus cut their price target on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. Finally, BNP Paribas downgraded Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target on the stock. in a report on Monday, January 27th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $155.30.

Electronic Arts Stock Up 3.1 %

Shares of EA stock opened at $136.58 on Thursday. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The stock has a market cap of $35.60 billion, a PE ratio of 34.75, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. The business’s fifty day moving average is $135.69 and its 200-day moving average is $144.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38.

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

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

Insider Activity

In other news, CEO Andrew Wilson sold 5,000 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 42,615 shares of the company’s stock, valued at $6,080,308.20. This trade represents a 10.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total value of $215,175.00. Following the completion of the sale, the executive vice president now directly owns 23,386 shares of the company’s stock, valued at approximately $3,354,721.70. This trade represents a 6.03 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,000 shares of company stock worth $3,015,990. 0.22% of the stock is owned by company insiders.

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.