Everence Capital Management Inc. Has $1.49 Million Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Everence Capital Management Inc. boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 65.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,865 shares of the game software company’s stock after buying an additional 4,300 shares during the period. Everence Capital Management Inc.’s holdings in Electronic Arts were worth $1,486,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Electronic Arts by 16.3% in the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock worth $3,086,621,000 after purchasing an additional 3,600,388 shares during the last quarter. State Street Corp increased its position 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 purchasing an additional 272,146 shares during the last quarter. Geode Capital Management LLC increased its position 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 purchasing an additional 52,736 shares during the last quarter. Invesco Ltd. increased its position 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 purchasing an additional 301,194 shares during the last quarter. Finally, Morgan Stanley increased its position 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 purchasing an additional 389,063 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Price Performance

Shares of EA stock opened at $126.55 on Wednesday. The stock has a 50 day moving average of $135.49 and a two-hundred day moving average of $134.37. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12 month low of $117.47 and a 12 month high of $144.53. The company has a market capitalization of $33.83 billion, a P/E ratio of 31.88, a P/E/G ratio of 1.76 and a beta of 0.76.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 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 firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the prior year, the business posted $2.29 EPS. Electronic Arts’s revenue was up 1.0% compared to the same quarter last year. As a group, equities analysts expect that Electronic Arts Inc. will post 5.36 EPS for the current year.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were issued a $0.19 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.60%. Electronic Arts’s payout ratio is presently 19.14%.

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $130.66, for a total value of $326,650.00. Following the completion of the transaction, the chief executive officer now directly owns 25,930 shares of the company’s stock, valued at approximately $3,388,013.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $130.66, for a total value of $326,650.00. Following the completion of the transaction, the chief executive officer now directly owns 25,930 shares of the company’s stock, valued at approximately $3,388,013.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $137.43, for a total value of $109,944.00. Following the completion of the transaction, the insider now directly owns 28,683 shares of the company’s stock, valued at $3,941,904.69. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,144 shares of company stock valued at $5,015,350. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

Electronic Arts Company 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.