Epoch Investment Partners Inc. Lowers Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Epoch Investment Partners Inc. decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 54.1% during the second quarter, HoldingsChannel reports. The firm owned 711,979 shares of the game software company’s stock after selling 839,877 shares during the period. Epoch Investment Partners Inc.’s holdings in Electronic Arts were worth $102,404,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Motco increased its holdings in shares of Electronic Arts by 97.8% in the second quarter. Motco now owns 178 shares of the game software company’s stock worth $26,000 after buying an additional 88 shares during the period. Heritage Wealth Management LLC increased its holdings in shares of Electronic Arts by 122.2% in the second quarter. Heritage Wealth Management LLC now owns 200 shares of the game software company’s stock worth $29,000 after buying an additional 110 shares during the period. Sumitomo Mitsui Financial Group Inc. purchased a new position in shares of Electronic Arts in the first quarter worth about $30,000. Aspire Private Capital LLC increased its holdings in shares of Electronic Arts by 2,566.7% in the first quarter. Aspire Private Capital LLC now owns 240 shares of the game software company’s stock worth $32,000 after buying an additional 231 shares during the period. Finally, Bbva USA purchased a new position in shares of Electronic Arts in the second quarter worth about $41,000. Institutional investors and hedge funds own 88.68% of the company’s stock.

EA stock traded down $1.63 during midday trading on Thursday, hitting $134.81. The company’s stock had a trading volume of 43,778 shares, compared to its average volume of 2,556,599. The company has a market cap of $38.36 billion, a PE ratio of 58.81 and a beta of 0.90. Electronic Arts Inc. has a 12 month low of $110.15 and a 12 month high of $150.30. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.24. The firm’s 50-day moving average is $139.30 and its 200-day moving average is $140.92.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, August 3rd. The game software company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.52. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Electronic Arts had a return on equity of 13.81% and a net margin of 11.82%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.25 EPS. Analysts expect that Electronic Arts Inc. will post 5.11 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 22nd. Shareholders of record on Wednesday, September 1st were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, August 31st. This represents a $0.68 dividend on an annualized basis and a yield of 0.50%. Electronic Arts’s dividend payout ratio is presently 14.98%.

A number of research analysts recently issued reports on the company. Moffett Nathanson assumed coverage on Electronic Arts in a report on Thursday, June 24th. They set a “neutral” rating and a $151.00 price target on the stock. Wedbush lifted their price objective on Electronic Arts from $175.00 to $194.00 and gave the company an “outperform” rating in a research report on Thursday, August 5th. Truist Securities lifted their price objective on Electronic Arts from $160.00 to $162.00 and gave the company a “buy” rating in a research report on Thursday, July 15th. Credit Suisse Group lifted their price objective on Electronic Arts from $165.00 to $174.00 and gave the company an “outperform” rating in a research report on Monday, August 2nd. Finally, Morgan Stanley lifted their price objective on Electronic Arts from $150.00 to $155.00 and gave the company an “equal weight” rating in a research report on Thursday, August 5th. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, Electronic Arts currently has a consensus rating of “Buy” and a consensus price target of $162.85.

In other Electronic Arts news, General Counsel Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction on Friday, July 16th. The shares were sold at an average price of $142.63, for a total transaction of $142,630.00. Following the completion of the sale, the general counsel now directly owns 20,579 shares in the company, valued at approximately $2,935,182.77. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction on Monday, August 2nd. The stock was sold at an average price of $144.50, for a total value of $115,600.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,530 shares of company stock valued at $6,753,209. Company insiders own 0.65% of the company’s stock.

Electronic Arts Company 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, Anthem, Need for Speed, and Plants v.

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

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