USS Investment Management Ltd Acquires 3,398 Shares of Electronic Arts Inc. $EA

USS Investment Management Ltd lifted its stake in Electronic Arts Inc. (NASDAQ:EA) by 8.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,711 shares of the game software company’s stock after acquiring an additional 3,398 shares during the period. USS Investment Management Ltd’s holdings in Electronic Arts were worth $9,111,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EA. Swiss Life Asset Management Ltd increased its position in shares of Electronic Arts by 75.8% during the third quarter. Swiss Life Asset Management Ltd now owns 85,245 shares of the game software company’s stock valued at $17,194,000 after purchasing an additional 36,769 shares during the period. Nisa Investment Advisors LLC lifted its position in Electronic Arts by 9.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 110,851 shares of the game software company’s stock worth $22,650,000 after purchasing an additional 9,297 shares during the period. Barometer Capital Management Inc. acquired a new stake in Electronic Arts during the third quarter worth $4,503,000. Vestcor Inc boosted its stake in Electronic Arts by 43.2% during the third quarter. Vestcor Inc now owns 112,668 shares of the game software company’s stock worth $22,725,000 after buying an additional 33,982 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in Electronic Arts by 33.6% in the 4th quarter. Nordea Investment Management AB now owns 227,893 shares of the game software company’s stock valued at $46,554,000 after buying an additional 57,268 shares during the period. Institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

EA has been the subject of a number of recent research reports. Citigroup increased their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Argus lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $196.64.

Insider Transactions at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $203.10, for a total transaction of $507,750.00. Following the sale, the insider directly owned 73,513 shares of the company’s stock, valued at $14,930,490.30. This represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $203.12, for a total transaction of $1,015,600.00. Following the completion of the transaction, the chief executive officer owned 80,974 shares of the company’s stock, valued at $16,447,438.88. This trade represents a 5.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 39,906 shares of company stock worth $8,060,033. Corporate insiders own 0.24% of the company’s stock.

Electronic Arts Price Performance

Shares of EA stock opened at $205.45 on Thursday. The stock’s fifty day moving average is $202.37 and its 200-day moving average is $202.45. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $51.52 billion, a PE ratio of 58.87, a PEG ratio of 2.31 and a beta of 0.65. Electronic Arts Inc. has a 52 week low of $146.97 and a 52 week high of $206.00.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio is currently 21.78%.

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.