Twin Capital Management Inc. Makes New $2 Million Investment in Electronic Arts Inc. (NASDAQ:EA)

Twin Capital Management Inc. bought a new position in Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 14,638 shares of the game software company’s stock, valued at approximately $2,003,000.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Electronic Arts by 16.3% during the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock valued at $3,086,621,000 after purchasing an additional 3,600,388 shares during the last quarter. Norges Bank purchased a new position in shares of Electronic Arts during the fourth quarter valued at approximately $270,382,000. Morgan Stanley raised its holdings in shares of Electronic Arts by 62.1% during the fourth quarter. Morgan Stanley now owns 3,193,059 shares of the game software company’s stock valued at $390,128,000 after purchasing an additional 1,223,195 shares during the last quarter. Barclays PLC grew its position in Electronic Arts by 265.0% during the second quarter. Barclays PLC now owns 1,516,792 shares of the game software company’s stock valued at $196,727,000 after buying an additional 1,101,229 shares during the period. Finally, DNB Asset Management AS grew its position in Electronic Arts by 82.3% during the fourth quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock valued at $322,494,000 after buying an additional 1,064,022 shares during the period. 90.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. BMO Capital Markets began coverage on shares of Electronic Arts in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price target for the company. UBS Group dropped their price target on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, March 27th. Benchmark reiterated a “buy” rating and issued a $153.00 price target on shares of Electronic Arts in a research report on Thursday. Finally, Wedbush reiterated an “outperform” rating and issued a $162.00 price target on shares of Electronic Arts in a research report on Wednesday, January 31st. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Electronic Arts presently has an average rating of “Moderate Buy” and an average target price of $147.00.

Electronic Arts Stock Down 0.5 %

NASDAQ:EA opened at $125.63 on Friday. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $144.53. The stock has a market capitalization of $33.59 billion, a P/E ratio of 31.64, a P/E/G ratio of 1.75 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. The company’s 50-day simple moving average is $135.02 and its 200-day simple moving average is $134.25.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing the consensus estimate of $2.45 by ($1.38). The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.29 earnings per share. On average, equities analysts anticipate that Electronic Arts Inc. will post 5.36 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Tuesday, February 27th. Electronic Arts’s dividend payout ratio is presently 19.14%.

Insiders Place Their Bets

In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $128.21, for a total transaction of $128,210.00. Following the completion of the transaction, the insider now directly owns 18,426 shares of the company’s stock, valued at approximately $2,362,397.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction on Monday, April 1st. The shares were sold at an average price of $132.82, for a total value of $106,256.00. Following the sale, the insider now owns 27,083 shares of the company’s stock, valued at approximately $3,597,164.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $128.21, for a total transaction of $128,210.00. Following the completion of the sale, the insider now directly owns 18,426 shares of the company’s stock, valued at approximately $2,362,397.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,144 shares of company stock valued at $5,143,560. 0.20% of the stock is owned by insiders.

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.