Mutual of America Capital Management LLC Boosts Position in Electronic Arts Inc. (NASDAQ:EA)

Mutual of America Capital Management LLC raised its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,256 shares of the game software company’s stock after buying an additional 1,839 shares during the period. Mutual of America Capital Management LLC’s holdings in Electronic Arts were worth $5,888,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. North Star Investment Management Corp. boosted its position in shares of Electronic Arts by 333.3% in the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after buying an additional 150 shares during the period. Cape Investment Advisory Inc. boosted its holdings in Electronic Arts by 102.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after acquiring an additional 101 shares during the period. Redmont Wealth Advisors LLC purchased a new position in Electronic Arts in the 1st quarter worth approximately $27,000. Opal Wealth Advisors LLC acquired a new stake in Electronic Arts in the second quarter valued at approximately $28,000. Finally, YHB Investment Advisors Inc. purchased a new stake in shares of Electronic Arts during the first quarter valued at approximately $30,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts Trading Down 0.8 %

Shares of EA stock opened at $139.55 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. The stock has a 50-day simple moving average of $146.27 and a 200 day simple moving average of $137.70. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $153.51. The stock has a market capitalization of $37.08 billion, a P/E ratio of 29.82, a P/E/G ratio of 1.97 and a beta of 0.79.

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

Electronic Arts Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EA. Bank of America lifted their target price on Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Morgan Stanley reissued an “equal weight” rating and issued a $150.00 price objective on shares of Electronic Arts in a report on Wednesday. Citigroup downgraded Electronic Arts from a “buy” rating to a “neutral” rating and increased their target price for the stock from $148.00 to $161.00 in a report on Monday, July 15th. Robert W. Baird reiterated an “outperform” rating and issued a $170.00 price target on shares of Electronic Arts in a report on Thursday. Finally, The Goldman Sachs Group upped their price target on Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Electronic Arts currently has an average rating of “Moderate Buy” and an average target price of $161.94.

Insider Activity

In other news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.71, for a total value of $111,768.00. Following the completion of the sale, the insider now owns 38,574 shares in the company, valued at $5,389,173.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Electronic Arts news, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $141.01, for a total value of $211,515.00. Following the completion of the sale, the chief financial officer now owns 10,553 shares in the company, valued at approximately $1,488,078.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction on Monday, July 1st. The shares were 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 approximately $5,389,173.54. The disclosure for this sale can be found here. Insiders have sold 28,570 shares of company stock worth $4,183,508 over the last 90 days. 0.22% of the stock is owned by company insiders.

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. 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.