SJS Investment Consulting Inc. Acquires 350 Shares of Electronic Arts Inc. (NASDAQ:EA)

SJS Investment Consulting Inc. lifted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 1,458.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 374 shares of the game software company’s stock after buying an additional 350 shares during the period. SJS Investment Consulting Inc.’s holdings in Electronic Arts were worth $55,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of EA. Linden Thomas Advisory Services LLC bought a new position in shares of Electronic Arts in the 4th quarter valued at about $241,000. Fifth Third Bancorp lifted its stake in Electronic Arts by 0.5% in the 4th quarter. Fifth Third Bancorp now owns 60,767 shares of the game software company’s stock valued at $8,890,000 after purchasing an additional 305 shares during the last quarter. CX Institutional grew its holdings in Electronic Arts by 3.9% during the fourth quarter. CX Institutional now owns 2,422 shares of the game software company’s stock worth $354,000 after purchasing an additional 91 shares during the period. Brighton Jones LLC increased its position in Electronic Arts by 9.4% during the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after buying an additional 294 shares during the last quarter. Finally, Trust Co. of Oklahoma raised its stake in Electronic Arts by 1.9% in the fourth quarter. Trust Co. of Oklahoma now owns 6,236 shares of the game software company’s stock valued at $912,000 after buying an additional 118 shares during the period. Institutional investors own 90.23% of the company’s stock.

Insider Activity

In related news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $150.83, for a total value of $150,830.00. Following the completion of the sale, the insider now directly owns 28,190 shares of the company’s stock, valued at $4,251,897.70. The trade was a 3.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total value of $832,350.00. Following the completion of the transaction, the chief executive officer now owns 52,615 shares in the company, valued at approximately $8,758,819.05. The trade was a 8.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,000 shares of company stock valued at $3,986,385 in the last ninety days. 0.22% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and increased their price target for the company from $135.00 to $177.00 in a report on Thursday, October 31st. Oppenheimer lowered their target price on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday. Stifel Nicolaus reduced their price target on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research note on Tuesday. Argus upped their price objective on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Benchmark reissued a “buy” rating and set a $163.00 target price on shares of Electronic Arts in a report on Wednesday, October 30th. Eleven analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Electronic Arts presently has a consensus rating of “Moderate Buy” and an average price target of $159.79.

Electronic Arts Stock Performance

NASDAQ:EA opened at $116.56 on Friday. 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 Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The company has a 50 day simple moving average of $152.43 and a two-hundred day simple moving average of $148.83. The company has a market capitalization of $30.57 billion, a PE ratio of 29.96, a P/E/G ratio of 1.87 and a beta of 0.80.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Wednesday, November 27th. Electronic Arts’s dividend payout ratio is 19.54%.

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.