John G Ullman & Associates Inc. Has $3.02 Million Stake in Electronic Arts Inc. (NASDAQ:EA)

John G Ullman & Associates Inc. increased its position in Electronic Arts Inc. (NASDAQ:EA) by 2.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 22,050 shares of the game software company’s stock after purchasing an additional 550 shares during the period. John G Ullman & Associates Inc.’s holdings in Electronic Arts were worth $3,017,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Electronic Arts by 16.3% during the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock valued at $3,086,621,000 after purchasing an additional 3,600,388 shares in the last quarter. State Street Corp raised its holdings in Electronic Arts by 2.2% in the 1st quarter. State Street Corp now owns 12,912,701 shares of the game software company’s stock worth $1,555,333,000 after acquiring an additional 272,146 shares during the period. Geode Capital Management LLC raised its holdings in Electronic Arts by 0.9% in the 1st quarter. Geode Capital Management LLC now owns 5,808,956 shares of the game software company’s stock worth $698,212,000 after acquiring an additional 52,736 shares during the period. Invesco Ltd. raised its holdings in Electronic Arts by 7.8% in the 3rd quarter. Invesco Ltd. now owns 4,156,556 shares of the game software company’s stock worth $500,449,000 after acquiring an additional 301,194 shares during the period. Finally, Morgan Stanley raised its holdings in Electronic Arts by 13.0% in the 3rd quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock worth $408,084,000 after acquiring an additional 389,063 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on EA shares. Benchmark restated a “buy” rating and set a $153.00 price objective on shares of Electronic Arts in a report on Thursday. BMO Capital Markets started coverage on shares of Electronic Arts in a report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price objective on the stock. UBS Group dropped their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, March 27th. Stifel Nicolaus lifted their target price on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Finally, Wedbush reiterated an “outperform” rating and set a $162.00 target price on shares of Electronic Arts in a research report on Wednesday, January 31st. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $147.00.

Insider Buying and Selling

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $137.43, for a total value of $109,944.00. Following the completion of the sale, the insider now owns 28,683 shares of the company’s stock, valued at $3,941,904.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Jeff Huber sold 11,872 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $141.90, for a total value of $1,684,636.80. Following the completion of the transaction, the director now owns 79,381 shares in the company, valued at $11,264,163.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $137.43, for a total transaction of $109,944.00. Following the completion of the transaction, the insider now owns 28,683 shares of the company’s stock, valued at approximately $3,941,904.69. The disclosure for this sale can be found here. Insiders sold a total of 37,144 shares of company stock valued at $5,143,560 over the last ninety days. Insiders own 0.20% of the company’s stock.

Electronic Arts Price Performance

Shares of EA stock traded up $1.64 during trading hours on Friday, reaching $127.27. 1,867,559 shares of the company were exchanged, compared to its average volume of 2,032,284. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $144.53. The stock’s fifty day moving average is $135.02 and its two-hundred day moving average is $134.25. The company has a market cap of $34.03 billion, a price-to-earnings ratio of 32.07, a P/E/G ratio of 1.75 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the previous year, the company posted $2.29 earnings per share. Electronic Arts’s revenue for the quarter was up 1.0% on a year-over-year basis. Sell-side analysts forecast that Electronic Arts Inc. will post 5.36 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Tuesday, February 27th. Electronic Arts’s dividend payout ratio (DPR) is 19.14%.

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.