Retirement Systems of Alabama Has $93.64 Million Stake in Electronic Arts Inc. $EA

Retirement Systems of Alabama reduced its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 9.9% in the second quarter, HoldingsChannel.com reports. The fund owned 586,340 shares of the game software company’s stock after selling 64,511 shares during the quarter. Retirement Systems of Alabama’s holdings in Electronic Arts were worth $93,638,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in EA. Assetmark Inc. lifted its position in shares of Electronic Arts by 77.3% during the 2nd quarter. Assetmark Inc. now owns 36,284 shares of the game software company’s stock worth $5,795,000 after buying an additional 15,825 shares in the last quarter. Econ Financial Services Corp bought a new stake in shares of Electronic Arts in the 2nd quarter worth approximately $1,823,000. Whalen Wealth Management Inc. purchased a new position in Electronic Arts in the 2nd quarter valued at approximately $639,000. Quaker Wealth Management LLC grew its stake in Electronic Arts by 200.2% in the 2nd quarter. Quaker Wealth Management LLC now owns 1,534 shares of the game software company’s stock valued at $245,000 after buying an additional 3,065 shares in the last quarter. Finally, Motley Fool Asset Management LLC grew its stake in Electronic Arts by 13.7% in the 2nd quarter. Motley Fool Asset Management LLC now owns 16,464 shares of the game software company’s stock valued at $2,629,000 after buying an additional 1,986 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $200.20 on Thursday. The stock has a market cap of $50.09 billion, a PE ratio of 58.54, a price-to-earnings-growth ratio of 3.04 and a beta of 0.77. The firm has a fifty day moving average price of $185.04 and a 200-day moving average price of $164.23. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $203.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, December 3rd. Electronic Arts’s dividend payout ratio (DPR) is 19.05%.

Insider Transactions at Electronic Arts

In related news, EVP Jacob J. Schatz sold 1,200 shares of Electronic Arts stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $200.80, for a total transaction of $240,960.00. Following the completion of the sale, the executive vice president owned 24,880 shares in the company, valued at $4,995,904. This trade represents a 4.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $200.31, for a total transaction of $240,372.00. Following the completion of the sale, the insider owned 32,331 shares of the company’s stock, valued at approximately $6,476,222.61. This represents a 3.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 41,900 shares of company stock worth $7,748,187. 0.24% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Wells Fargo & Company set a $168.00 price target on shares of Electronic Arts and gave the company an “equal weight” rating in a research report on Monday, July 28th. Citigroup reissued a “neutral” rating on shares of Electronic Arts in a research note on Friday, September 26th. HSBC downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 price objective for the company. in a research note on Monday, September 29th. Roth Capital downgraded shares of Electronic Arts from a “buy” rating to a “neutral” rating and upped their price objective for the company from $185.00 to $210.00 in a research note on Thursday, October 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Electronic Arts in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $179.38.

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.