Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,088,170 shares of the game software company’s stock after acquiring an additional 76,621 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.79% of Electronic Arts worth $290,945,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hancock Whitney Corp increased its holdings in shares of Electronic Arts by 2.8% in the second quarter. Hancock Whitney Corp now owns 8,621 shares of the game software company’s stock valued at $1,201,000 after buying an additional 234 shares in the last quarter. Ensign Peak Advisors Inc grew its holdings in shares of Electronic Arts by 3.1% in the 2nd quarter. Ensign Peak Advisors Inc now owns 165,009 shares of the game software company’s stock worth $22,991,000 after acquiring an additional 5,030 shares during the last quarter. Summit Trail Advisors LLC acquired a new position in shares of Electronic Arts in the 2nd quarter worth $653,000. Skandinaviska Enskilda Banken AB publ raised its position in shares of Electronic Arts by 3.7% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 269,050 shares of the game software company’s stock worth $37,483,000 after purchasing an additional 9,633 shares during the period. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Electronic Arts by 14.1% during the second quarter. Canada Pension Plan Investment Board now owns 363,964 shares of the game software company’s stock valued at $50,711,000 after purchasing an additional 45,028 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Price Performance

Shares of Electronic Arts stock opened at $139.55 on Friday. Electronic Arts Inc. has a twelve month low of $117.47 and a twelve month high of $153.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market cap of $37.08 billion, a P/E ratio of 29.82, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79. The firm’s 50-day simple moving average is $146.15 and its 200-day simple moving average is $137.72.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, beating 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 analyst estimates of $1.21 billion. As a group, research analysts expect that Electronic Arts Inc. will post 5.89 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were issued 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 was Wednesday, August 28th. Electronic Arts’s dividend payout ratio is currently 16.24%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $140.26, for a total transaction of $350,650.00. Following the completion of the sale, the chief executive officer now owns 61,747 shares in the company, valued at approximately $8,660,634.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $140.26, for a total value of $350,650.00. Following the completion of the sale, the chief executive officer now directly owns 61,747 shares of the company’s stock, valued at approximately $8,660,634.22. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total transaction of $151,700.00. Following the transaction, the insider now directly owns 30,190 shares in the company, valued at approximately $4,579,823. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,570 shares of company stock worth $4,183,508. Insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on EA shares. Raymond James boosted their price objective on Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Bank of America boosted their price target on shares of Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their target price on shares of Electronic Arts from $148.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $150.00 target price on shares of Electronic Arts in a research report on Wednesday. Finally, Benchmark reiterated a “buy” rating and set a $163.00 price target on shares of Electronic Arts in a report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Electronic Arts presently has a consensus rating of “Moderate Buy” and an average price target of $161.94.

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.