12,905 Shares in Electronic Arts Inc. (NASDAQ:EA) Purchased by Morningstar Investment Management LLC

Morningstar Investment Management LLC bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA – Get Rating) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 12,905 shares of the game software company’s stock, valued at approximately $1,577,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its position in shares of Electronic Arts by 64.4% during the fourth quarter. First Horizon Advisors Inc. now owns 79,855 shares of the game software company’s stock valued at $9,757,000 after purchasing an additional 31,292 shares during the period. Sei Investments Co. lifted its stake in shares of Electronic Arts by 51.5% during the fourth quarter. Sei Investments Co. now owns 122,466 shares of the game software company’s stock valued at $14,963,000 after acquiring an additional 41,652 shares during the period. SYSTM Wealth Solutions LLC acquired a new position in Electronic Arts in the fourth quarter valued at about $322,000. Intrust Bank NA increased its holdings in shares of Electronic Arts by 23.6% in the fourth quarter. Intrust Bank NA now owns 3,140 shares of the game software company’s stock worth $384,000 after acquiring an additional 599 shares in the last quarter. Finally, Anchor Capital Advisors LLC increased its holdings in shares of Electronic Arts by 4.6% in the fourth quarter. Anchor Capital Advisors LLC now owns 17,803 shares of the game software company’s stock worth $2,175,000 after acquiring an additional 780 shares in the last quarter. Hedge funds and other institutional investors own 89.46% of the company’s stock.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $120.14, for a total transaction of $96,112.00. Following the completion of the sale, the insider now owns 23,755 shares of the company’s stock, valued at approximately $2,853,925.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Electronic Arts news, Director Richard A. Simonson sold 10,000 shares of Electronic Arts stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $125.66, for a total value of $1,256,600.00. Following the completion of the transaction, the director now directly owns 58,723 shares of the company’s stock, valued at $7,379,132.18. The sale 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 Electronic Arts stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $120.14, for a total transaction of $96,112.00. Following the completion of the transaction, the insider now directly owns 23,755 shares of the company’s stock, valued at $2,853,925.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,339 shares of company stock valued at $3,661,909. Corporate insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EA shares. Bank of America cut Electronic Arts from a “buy” rating to a “neutral” rating and cut their price objective for the company from $155.00 to $130.00 in a research report on Wednesday, February 1st. Roth Mkm boosted their price objective on Electronic Arts from $112.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, May 8th. Truist Financial lifted their target price on Electronic Arts from $130.00 to $138.00 in a report on Monday, May 8th. Roth Capital dropped their price objective on Electronic Arts from $131.00 to $112.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 1st. Finally, TheStreet downgraded Electronic Arts from a “b-” rating to a “c+” rating in a research note on Thursday, February 23rd. Twelve equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $136.88.

Electronic Arts Stock Performance

Shares of NASDAQ EA traded up $0.98 during midday trading on Friday, hitting $126.38. The company’s stock had a trading volume of 538,827 shares, compared to its average volume of 2,358,938. The stock has a fifty day moving average price of $124.12 and a 200 day moving average price of $122.38. The company has a current ratio of 1.21, a quick ratio of 1.23 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $34.66 billion, a price-to-earnings ratio of 43.85, a P/E/G ratio of 5.55 and a beta of 0.87. Electronic Arts Inc. has a one year low of $108.53 and a one year high of $142.79.

Electronic Arts (NASDAQ:EA – Get Rating) last released its quarterly earnings results on Tuesday, May 9th. The game software company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.35). Electronic Arts had a return on equity of 16.42% and a net margin of 10.80%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the prior year, the firm earned $0.82 EPS. Electronic Arts’s quarterly revenue was up 11.1% on a year-over-year basis. On average, research analysts forecast that Electronic Arts Inc. will post 4.99 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Wednesday, May 31st will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.60%. Electronic Arts’s dividend payout ratio (DPR) is 26.48%.

About Electronic Arts

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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, Anthem, Need for Speed, and Plants v.