Scientech Research LLC Has $2.12 Million Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Scientech Research LLC lifted its stake in Electronic Arts Inc. (NASDAQ:EA) by 529.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,244 shares of the game software company’s stock after purchasing an additional 12,824 shares during the quarter. Scientech Research LLC’s holdings in Electronic Arts were worth $2,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. North Star Investment Management Corp. raised its position in Electronic Arts by 333.3% during the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after acquiring an additional 150 shares in the last quarter. Redmont Wealth Advisors LLC bought a new position in Electronic Arts during the first quarter valued at approximately $27,000. Opal Wealth Advisors LLC bought a new position in Electronic Arts during the second quarter valued at approximately $28,000. YHB Investment Advisors Inc. bought a new position in Electronic Arts during the first quarter valued at approximately $30,000. Finally, Family Firm Inc. bought a new position in Electronic Arts during the second quarter valued at approximately $33,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Stock Up 1.5 %

Shares of NASDAQ EA opened at $143.61 on Friday. The stock has a market cap of $38.16 billion, a PE ratio of 30.69, a PEG ratio of 1.91 and a beta of 0.79. The business has a fifty day moving average of $145.80 and a two-hundred day moving average of $137.88. Electronic Arts Inc. has a 52-week low of $117.47 and a 52-week 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.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. As a group, equities research analysts expect that Electronic Arts Inc. will post 5.93 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, August 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. Electronic Arts’s payout ratio is presently 16.24%.

Insider Buying and Selling at Electronic Arts

In related news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $142.42, for a total value of $356,050.00. Following the completion of the transaction, the chief executive officer now directly owns 59,247 shares of the company’s stock, valued at $8,437,957.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $142.42, for a total value of $356,050.00. Following the completion of the transaction, the chief executive officer now directly owns 59,247 shares of the company’s stock, valued at $8,437,957.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $139.71, for a total value of $111,768.00. Following the completion of the transaction, 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 sold 24,570 shares of company stock valued at $3,621,343. 0.22% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on EA shares. Jefferies Financial Group started coverage on shares of Electronic Arts in a research report on Thursday, July 11th. They set a “buy” rating and a $165.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on shares of Electronic Arts from $148.00 to $155.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. Citigroup downgraded shares of Electronic Arts from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $148.00 to $161.00 in a research note on Monday, July 15th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $160.00 price objective on shares of Electronic Arts in a research note on Wednesday, September 18th. Finally, Roth Mkm restated a “neutral” rating and issued a $154.00 price objective on shares of Electronic Arts in a research note on Thursday, September 19th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $161.94.

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.