Contravisory Investment Management Inc. boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 777.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,509 shares of the game software company’s stock after acquiring an additional 34,121 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Electronic Arts were worth $5,530,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Newfound Research LLC acquired a new position in Electronic Arts in the 3rd quarter worth about $31,000. Ellevest Inc. increased its holdings in Electronic Arts by 59.5% in the third quarter. Ellevest Inc. now owns 268 shares of the game software company’s stock worth $35,000 after buying an additional 100 shares during the last quarter. Catalyst Private Wealth LLC acquired a new position in Electronic Arts in the third quarter worth approximately $39,000. Trust Co. of Vermont raised its position in Electronic Arts by 210.0% during the third quarter. Trust Co. of Vermont now owns 310 shares of the game software company’s stock valued at $40,000 after acquiring an additional 210 shares in the last quarter. Finally, Ropes Wealth Advisors LLC lifted its stake in Electronic Arts by 2,900.0% in the third quarter. Ropes Wealth Advisors LLC now owns 360 shares of the game software company’s stock valued at $47,000 after acquiring an additional 348 shares during the last quarter. 81.28% of the stock is currently owned by institutional investors.

In related news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $120.94, for a total transaction of $96,752.00. Following the completion of the sale, the insider now directly owns 19,763 shares of the company’s stock, valued at approximately $2,390,137.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction on Friday, October 16th. The shares were sold at an average price of $132.77, for a total value of $132,770.00. Following the completion of the transaction, the general counsel now owns 17,503 shares of the company’s stock, valued at approximately $2,323,873.31. The disclosure for this sale can be found here. Insiders sold a total of 29,452 shares of company stock worth $3,625,303 in the last 90 days. 0.92% of the stock is owned by corporate insiders.

EA has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Electronic Arts from $125.00 to $144.00 and gave the company a “hold” rating in a report on Tuesday, October 13th. JPMorgan Chase & Co. cut Electronic Arts from an “overweight” rating to a “neutral” rating and set a $155.00 price target for the company. in a research report on Wednesday, December 16th. They noted that the move was a valuation call. BidaskClub raised Electronic Arts from a “hold” rating to a “buy” rating in a report on Wednesday, December 16th. Credit Suisse Group boosted their target price on Electronic Arts from $149.00 to $150.00 and gave the stock an “outperform” rating in a report on Monday, November 2nd. Finally, Bank of America lowered their price target on Electronic Arts from $141.00 to $138.00 and set a “neutral” rating on the stock in a report on Friday, November 6th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $142.21.

Shares of EA traded down $2.72 on Wednesday, reaching $136.34. 3,491,907 shares of the stock traded hands, compared to its average volume of 2,674,396. The stock’s 50-day moving average price is $136.28 and its 200-day moving average price is $133.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.75 and a quick ratio of 2.75. The firm has a market cap of $39.52 billion, a price-to-earnings ratio of 30.66, a P/E/G ratio of 2.94 and a beta of 0.90. Electronic Arts Inc. has a 12 month low of $85.69 and a 12 month high of $147.36.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Thursday, November 5th. The game software company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.26. The company had revenue of $910.00 million during the quarter, compared to the consensus estimate of $955.62 million. Electronic Arts had a net margin of 23.51% and a return on equity of 17.85%. As a group, equities research analysts forecast that Electronic Arts Inc. will post 4.14 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 23rd. Shareholders of record on Wednesday, December 2nd were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, December 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.50%. Electronic Arts’s payout ratio is presently 14.29%.

Electronic Arts Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and Plants v.

Further Reading: What is Considered a Good Return on Equity (ROE)?

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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