Janus Henderson Group PLC Sells 453 Shares of Electronic Arts Inc. (NASDAQ:EA)

Janus Henderson Group PLC decreased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,281 shares of the game software company’s stock after selling 453 shares during the period. Janus Henderson Group PLC’s holdings in Electronic Arts were worth $5,016,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC bought a new stake in shares of Electronic Arts in the 4th quarter valued at approximately $32,000. LGT Financial Advisors LLC purchased a new stake in Electronic Arts during the 4th quarter valued at $33,000. Millstone Evans Group LLC bought a new stake in Electronic Arts in the fourth quarter worth $37,000. SBI Securities Co. Ltd. purchased a new position in Electronic Arts during the fourth quarter worth $41,000. Finally, OFI Invest Asset Management bought a new position in Electronic Arts during the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA stock opened at $151.54 on Monday. The firm has a market cap of $38.00 billion, a price-to-earnings ratio of 38.56, a PEG ratio of 3.58 and a beta of 0.74. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The company’s 50 day moving average is $144.51 and its 200 day moving average is $144.98.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.50%. Electronic Arts’s dividend payout ratio is presently 17.92%.

Insider Activity

In related news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $130.14, for a total transaction of $650,700.00. Following the transaction, the chief executive officer now directly owns 37,615 shares of the company’s stock, valued at $4,895,216.10. This represents a 11.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total value of $145,000.00. Following the completion of the sale, the insider now owns 26,216 shares of the company’s stock, valued at approximately $3,801,320. This trade represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,500 shares of company stock worth $3,342,580. 0.22% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on EA shares. Robert W. Baird set a $168.00 target price on shares of Electronic Arts in a research note on Wednesday, May 7th. BMO Capital Markets reduced their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Raymond James downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. DA Davidson initiated coverage on Electronic Arts in a research note on Wednesday, February 19th. They set a “neutral” rating and a $140.00 target price on the stock. Finally, Citigroup reduced their price target on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Fifteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $161.83.

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.