Palisade Capital Management LLC NJ held its stake in shares of Electronic Arts Inc. (NASDAQ:EA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,800 shares of the game software company’s stock at the end of the second quarter. Palisade Capital Management LLC NJ’s holdings in Electronic Arts were worth $1,142,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Guardian Life Insurance Co. of America boosted its stake in Electronic Arts by 2.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,190 shares of the game software company’s stock worth $107,000 after buying an additional 34 shares during the last quarter. Jaffetilchin Investment Partners LLC increased its position in shares of Electronic Arts by 0.9% in the first quarter. Jaffetilchin Investment Partners LLC now owns 4,943 shares of the game software company’s stock worth $442,000 after buying an additional 45 shares during the period. ProVise Management Group LLC increased its position in shares of Electronic Arts by 1.3% in the first quarter. ProVise Management Group LLC now owns 4,288 shares of the game software company’s stock worth $384,000 after buying an additional 53 shares during the period. San Francisco Sentry Investment Group CA increased its position in shares of Electronic Arts by 1.4% in the first quarter. San Francisco Sentry Investment Group CA now owns 4,962 shares of the game software company’s stock worth $444,000 after buying an additional 67 shares during the period. Finally, NEXT Financial Group Inc increased its position in shares of Electronic Arts by 0.6% in the second quarter. NEXT Financial Group Inc now owns 12,316 shares of the game software company’s stock worth $1,302,000 after buying an additional 70 shares during the period. Institutional investors and hedge funds own 98.02% of the company’s stock.

Electronic Arts Inc. (EA) opened at 116.50 on Wednesday. The stock has a market capitalization of $36.00 billion, a PE ratio of 31.19 and a beta of 0.72. The company’s 50-day moving average is $111.69 and its 200 day moving average is $98.19. Electronic Arts Inc. has a 1-year low of $73.74 and a 1-year high of $120.25.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Thursday, July 27th. The game software company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.22. The company had revenue of $775 million during the quarter, compared to analysts’ expectations of $768.47 million. Electronic Arts had a net margin of 23.31% and a return on equity of 29.77%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.07 earnings per share. Equities analysts predict that Electronic Arts Inc. will post $4.24 earnings per share for the current year.

Electronic Arts announced that its Board of Directors has approved a share buyback plan on Tuesday, May 9th that allows the company to repurchase $1.20 billion in shares. This repurchase authorization allows the game software company to repurchase up to 45% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

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A number of research analysts recently weighed in on EA shares. Credit Suisse Group restated a “buy” rating and set a $114.00 price objective on shares of Electronic Arts in a research report on Sunday, May 28th. Benchmark Co. increased their price objective on shares of Electronic Arts from $114.00 to $131.00 and gave the company a “buy” rating in a research report on Tuesday, June 20th. Vetr upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $99.98 price objective on the stock in a research report on Monday, May 8th. Robert W. Baird reiterated an “outperform” rating on shares of Electronic Arts in a research report on Thursday, May 11th. Finally, Zacks Investment Research downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Five research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Electronic Arts currently has a consensus rating of “Buy” and a consensus target price of $115.19.

In other Electronic Arts news, SVP Kenneth A. Barker sold 26,701 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $109.00, for a total transaction of $2,910,409.00. Following the completion of the transaction, the senior vice president now directly owns 39,406 shares in the company, valued at $4,295,254. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jacob J. Schatz sold 2,200 shares of the company’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $107.22, for a total transaction of $235,884.00. Following the transaction, the senior vice president now owns 22,935 shares of the company’s stock, valued at $2,459,090.70. The disclosure for this sale can be found here. Insiders have sold 336,915 shares of company stock valued at $37,032,377 over the last 90 days. 2.55% of the stock is currently owned by company insiders.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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