Meeder Asset Management Inc. Has $4.46 Million Stake in Electronic Arts Inc. $EA

Meeder Asset Management Inc. decreased its stake in Electronic Arts Inc. (NASDAQ:EA) by 49.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,095 shares of the game software company’s stock after selling 21,840 shares during the period. Meeder Asset Management Inc.’s holdings in Electronic Arts were worth $4,457,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Salomon & Ludwin LLC boosted its holdings in shares of Electronic Arts by 70.1% during the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after acquiring an additional 68 shares in the last quarter. Moody National Bank Trust Division raised its position in Electronic Arts by 1.4% in the third quarter. Moody National Bank Trust Division now owns 5,125 shares of the game software company’s stock valued at $1,034,000 after purchasing an additional 71 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Electronic Arts by 3.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,023 shares of the game software company’s stock valued at $323,000 after purchasing an additional 72 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its stake in shares of Electronic Arts by 2.1% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 3,467 shares of the game software company’s stock valued at $699,000 after purchasing an additional 72 shares in the last quarter. Finally, Financial Management Professionals Inc. grew its holdings in shares of Electronic Arts by 13.6% during the second quarter. Financial Management Professionals Inc. now owns 636 shares of the game software company’s stock worth $102,000 after purchasing an additional 76 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $204.10 on Monday. The company has a market capitalization of $51.05 billion, a PE ratio of 59.68, a P/E/G ratio of 2.41 and a beta of 0.73. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $204.88. The firm has a fifty day simple moving average of $202.90 and a 200 day simple moving average of $184.16.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the business posted $1.11 earnings per share. The business’s revenue was down 12.6% on a year-over-year basis. On average, sell-side analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Wednesday, December 3rd. Electronic Arts’s payout ratio is presently 22.22%.

Analyst Ratings Changes

EA has been the subject of a number of research reports. Wedbush reiterated a “neutral” rating and issued a $200.00 price objective on shares of Electronic Arts in a report on Monday, September 29th. Baird R W cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Cowen lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Wednesday, October 1st. DZ Bank cut shares of Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, September 29th. Finally, Oppenheimer downgraded Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 30th. Four investment analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $181.21.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $204.11, for a total transaction of $244,932.00. Following the transaction, the insider owned 33,560 shares in the company, valued at $6,849,931.60. The trade was a 3.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeff Huber sold 79,381 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $201.17, for a total transaction of $15,969,075.77. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 122,469 shares of company stock valued at $24,650,681. 0.24% of the stock is owned by insiders.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.