Kentucky Retirement Systems Insurance Trust Fund Has $1.60 Million Stake in Electronic Arts Inc. (NASDAQ:EA)

Kentucky Retirement Systems Insurance Trust Fund raised its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 53.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,947 shares of the game software company’s stock after buying an additional 3,829 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Electronic Arts were worth $1,602,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of EA. Swedbank AB grew its stake in shares of Electronic Arts by 6.3% during the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock valued at $235,224,000 after purchasing an additional 95,190 shares during the last quarter. Atomi Financial Group Inc. bought a new stake in shares of Electronic Arts during the fourth quarter valued at approximately $217,000. Huntington National Bank grew its stake in shares of Electronic Arts by 983.4% during the third quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock valued at $36,993,000 after purchasing an additional 234,098 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in Electronic Arts in the fourth quarter valued at approximately $13,845,000. Finally, Dai ichi Life Insurance Company Ltd boosted its stake in Electronic Arts by 20.8% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 64,170 shares of the game software company’s stock valued at $9,205,000 after acquiring an additional 11,058 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Trading Down 0.8 %

EA opened at $128.35 on Wednesday. The stock has a market capitalization of $33.45 billion, a P/E ratio of 32.66, a P/E/G ratio of 2.74 and a beta of 0.79. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The firm’s fifty day simple moving average is $138.96 and its 200 day simple moving average is $146.57. The company has a current ratio of 1.38, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, research analysts anticipate that Electronic Arts Inc. will post 4.99 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.59%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EA. Oppenheimer reduced their price objective on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. Moffett Nathanson raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Friday, January 31st. Raymond James cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Robert W. Baird reduced their price objective on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research note on Thursday, January 23rd. Finally, Bank of America raised their price objective on shares of Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Twelve research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $155.24.

Insiders Place Their Bets

In other news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $148.00, for a total value of $740,000.00. Following the sale, the chief executive officer now directly owns 47,615 shares of the company’s stock, valued at approximately $7,047,020. This represents a 9.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $122.03, for a total transaction of $122,030.00. Following the completion of the sale, the insider now directly owns 28,216 shares in the company, valued at approximately $3,443,198.48. The trade was a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,500 shares of company stock valued at $2,812,285 in the last three months. 0.22% of the stock is currently owned by corporate insiders.

About Electronic Arts

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.