Epoch Investment Partners Inc. Purchases 16,913 Shares of Electronic Arts Inc. (NASDAQ:EA)

Epoch Investment Partners Inc. boosted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 429,001 shares of the game software company’s stock after acquiring an additional 16,913 shares during the period. Epoch Investment Partners Inc. owned 0.16% of Electronic Arts worth $59,773,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Electronic Arts by 82.6% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company’s stock worth $3,327,000 after acquiring an additional 11,343 shares during the last quarter. FORA Capital LLC grew its position in Electronic Arts by 209.7% in the 1st quarter. FORA Capital LLC now owns 45,985 shares of the game software company’s stock worth $6,101,000 after purchasing an additional 31,136 shares during the last quarter. Duality Advisers LP acquired a new position in shares of Electronic Arts during the first quarter valued at about $1,711,000. Eaton Financial Holdings Company LLC acquired a new position in shares of Electronic Arts during the fourth quarter valued at about $1,259,000. Finally, Scotia Capital Inc. lifted its stake in shares of Electronic Arts by 99.4% in the fourth quarter. Scotia Capital Inc. now owns 17,338 shares of the game software company’s stock valued at $2,372,000 after buying an additional 8,644 shares during the period. 90.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EA has been the topic of several research reports. Benchmark restated a “buy” rating and set a $163.00 price target on shares of Electronic Arts in a research note on Wednesday, September 18th. Wedbush boosted their price objective on Electronic Arts from $162.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Jefferies Financial Group began coverage on Electronic Arts in a research report on Thursday, July 11th. They issued a “buy” rating and a $165.00 target price for the company. Stifel Nicolaus boosted their price target on shares of Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Bank of America raised their price objective on shares of Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $161.94.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.71, for a total transaction of $111,768.00. Following the transaction, the insider now owns 38,574 shares of the company’s stock, valued at approximately $5,389,173.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $141.01, for a total value of $211,515.00. Following the transaction, the chief financial officer now owns 10,553 shares of the company’s stock, valued at approximately $1,488,078.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $139.71, for a total transaction of $111,768.00. Following the sale, the insider now directly owns 38,574 shares of the company’s stock, valued at $5,389,173.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,570 shares of company stock worth $4,183,508. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts Stock Down 0.8 %

NASDAQ EA opened at $139.55 on Monday. The stock’s 50 day simple moving average is $146.15 and its 200 day simple moving average is $137.73. Electronic Arts Inc. has a one year low of $117.47 and a one year high of $153.51. The firm has a market cap of $37.08 billion, a PE ratio of 29.82, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.45.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. As a group, sell-side analysts forecast that Electronic Arts Inc. will post 5.89 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Wednesday, August 28th. Electronic Arts’s dividend payout ratio is presently 16.24%.

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.