OMERS ADMINISTRATION Corp Purchases 2,396 Shares of Electronic Arts Inc. $EA

OMERS ADMINISTRATION Corp grew its position in Electronic Arts Inc. (NASDAQ:EA) by 26.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 11,561 shares of the game software company’s stock after purchasing an additional 2,396 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Electronic Arts were worth $2,357,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ascentis Independent Advisors purchased a new stake in shares of Electronic Arts during the first quarter valued at approximately $27,000. MV Capital Management Inc. purchased a new position in Electronic Arts in the 4th quarter worth approximately $28,000. Asset Planning Inc bought a new position in Electronic Arts in the 1st quarter valued at approximately $32,000. Whipplewood Advisors LLC bought a new position in Electronic Arts in the 1st quarter valued at approximately $32,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in Electronic Arts during the 4th quarter valued at $44,000. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA opened at $208.87 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22. The business has a 50-day simple moving average of $204.55 and a two-hundred day simple moving average of $202.86. The stock has a market cap of $52.37 billion, a price-to-earnings ratio of 59.85, a PEG ratio of 2.34 and a beta of 0.64. Electronic Arts Inc. has a 52 week low of $146.97 and a 52 week high of $209.41.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s payout ratio is 21.78%.

Insider Activity at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $203.10, for a total value of $507,750.00. Following the completion of the sale, the insider directly owned 73,513 shares of the company’s stock, valued at approximately $14,930,490.30. This represents a 3.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $203.00, for a total transaction of $243,600.00. Following the sale, the insider owned 26,360 shares in the company, valued at approximately $5,351,080. The trade was a 4.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 31,206 shares of company stock worth $6,292,058 in the last quarter. 0.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Citigroup boosted their target price on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Zacks Research cut shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Finally, Argus cut Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Two equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Electronic Arts has an average rating of “Hold” and a consensus target price of $198.85.

About Electronic Arts

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.