Electronic Arts Inc. $EA Position Raised by Versor Investments LP

Versor Investments LP boosted its position in Electronic Arts Inc. (NASDAQ:EA) by 2,821.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,129 shares of the game software company’s stock after purchasing an additional 60,968 shares during the period. Electronic Arts comprises 2.0% of Versor Investments LP’s portfolio, making the stock its 5th biggest holding. Versor Investments LP’s holdings in Electronic Arts were worth $12,899,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of EA. Ameriflex Group Inc. boosted its position in Electronic Arts by 100.0% in the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after purchasing an additional 69 shares during the last quarter. Oakworth Capital Inc. purchased a new position in Electronic Arts in the third quarter worth about $30,000. Geneos Wealth Management Inc. boosted its position in Electronic Arts by 150.8% in the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after purchasing an additional 190 shares during the last quarter. Salomon & Ludwin LLC boosted its position in Electronic Arts by 32.8% in the fourth quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock worth $47,000 after purchasing an additional 57 shares during the last quarter. Finally, Tidemark LLC purchased a new position in Electronic Arts in the third quarter worth about $50,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Stock Down 0.1%

Shares of EA opened at $200.22 on Tuesday. The business’s 50 day moving average is $201.82 and its 200 day moving average is $202.21. The company has a market capitalization of $50.11 billion, a PE ratio of 57.37, a price-to-earnings-growth ratio of 2.16 and a beta of 0.66. Electronic Arts Inc. has a 12-month low of $141.19 and a 12-month high of $204.88. The company has a current ratio of 1.05, a quick ratio of 0.93 and a debt-to-equity ratio of 0.22.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Electronic Arts’s dividend payout ratio (DPR) is 21.78%.

Insiders Place Their Bets

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $203.25, for a total value of $243,900.00. Following the sale, the insider owned 28,760 shares of the company’s stock, valued at $5,845,470. The trade was a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $199.90, for a total value of $299,850.00. Following the completion of the sale, the chief financial officer directly owned 5,897 shares in the company, valued at approximately $1,178,810.30. The trade was a 20.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 27,600 shares of company stock worth $5,544,159 over the last quarter. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

EA has been the topic of several recent research reports. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Electronic Arts in a report on Monday, May 4th. Finally, Citigroup increased their target price on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Electronic Arts currently has a consensus rating of “Hold” and a consensus target price of $196.64.

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.