Nomura Asset Management Co. Ltd. Purchases 3,367 Shares of Electronic Arts Inc. $EA

Nomura Asset Management Co. Ltd. grew its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 118,237 shares of the game software company’s stock after purchasing an additional 3,367 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Electronic Arts were worth $18,882,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Salomon & Ludwin LLC raised its position in Electronic Arts by 70.1% in the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock worth $26,000 after acquiring an additional 68 shares during the period. Bank of Jackson Hole Trust increased its stake in shares of Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after purchasing an additional 75 shares in the last quarter. MTM Investment Management LLC bought a new position in Electronic Arts in the 2nd quarter worth $30,000. Frazier Financial Advisors LLC lifted its position in Electronic Arts by 328.9% during the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock valued at $31,000 after purchasing an additional 148 shares in the last quarter. Finally, NewSquare Capital LLC grew its holdings in Electronic Arts by 67.5% during the second quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock valued at $31,000 after purchasing an additional 79 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,200 shares of Electronic Arts stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $200.80, for a total value of $240,960.00. Following the sale, the executive vice president owned 24,880 shares of the company’s stock, valued at $4,995,904. The trade was a 4.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $201.79, for a total value of $504,475.00. Following the transaction, the insider owned 53,092 shares of the company’s stock, valued at $10,713,434.68. This represents a 4.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,200 shares of company stock worth $6,123,572 over the last three months. 0.24% of the stock is owned by company insiders.

Electronic Arts Price Performance

EA stock opened at $201.81 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.84 and a current ratio of 0.84. The company’s fifty day moving average price is $193.59 and its 200-day moving average price is $169.82. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $203.75. The company has a market capitalization of $50.33 billion, a PE ratio of 59.01, a price-to-earnings-growth ratio of 3.04 and a beta of 0.74.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.88 billion. Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The business’s revenue was down 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.11 earnings per share. On average, equities analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio is presently 22.22%.

Analysts Set New Price Targets

Several research firms have recently commented on EA. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Electronic Arts in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Roth Capital downgraded shares of Electronic Arts from a “buy” rating to a “neutral” rating and lifted their price target for the company from $185.00 to $210.00 in a report on Thursday, October 2nd. Bank of America upped their price target on shares of Electronic Arts from $166.00 to $168.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Finally, Oppenheimer cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $181.64.

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.