John G Ullman & Associates Inc. Trims Position in Electronic Arts Inc. (NASDAQ:EA)

John G Ullman & Associates Inc. decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,000 shares of the game software company’s stock after selling 350 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Electronic Arts were worth $3,299,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in Electronic Arts in the 3rd quarter valued at about $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of Electronic Arts during the second quarter valued at about $28,000. Family Firm Inc. purchased a new stake in shares of Electronic Arts in the 2nd quarter valued at approximately $33,000. Reston Wealth Management LLC acquired a new position in shares of Electronic Arts in the 3rd quarter worth approximately $36,000. Finally, Gradient Investments LLC boosted its position in shares of Electronic Arts by 592.1% during the 2nd quarter. Gradient Investments LLC now owns 263 shares of the game software company’s stock worth $37,000 after purchasing an additional 225 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total value of $151,700.00. Following the completion of the transaction, the insider now owns 30,190 shares in the company, valued at $4,579,823. This trade represents a 3.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $148.88, for a total transaction of $372,200.00. Following the sale, the chief executive officer now directly owns 56,747 shares in the company, valued at approximately $8,448,493.36. This represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,384 shares of company stock valued at $3,944,285 over the last three months. 0.22% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $160.00 price target on shares of Electronic Arts in a research report on Wednesday, September 18th. DZ Bank raised Electronic Arts from a “hold” rating to a “buy” rating and lifted their target price for the company from $135.00 to $177.00 in a research report on Thursday, October 31st. Stifel Nicolaus increased their price target on shares of Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. BNP Paribas raised shares of Electronic Arts to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, UBS Group upped their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Electronic Arts currently has an average rating of “Moderate Buy” and an average price target of $165.37.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $166.71 on Thursday. Electronic Arts Inc. has a one year low of $124.92 and a one year high of $167.51. The stock has a market capitalization of $43.72 billion, a price-to-earnings ratio of 42.86, a PEG ratio of 2.17 and a beta of 0.78. The company has a 50-day simple moving average of $148.47 and a 200-day simple moving average of $143.32. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Wednesday, November 27th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.54%.

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.