OMERS ADMINISTRATION Corp Buys 1,804 Shares of Electronic Arts Inc. (NASDAQ:EA)

OMERS ADMINISTRATION Corp raised its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 20.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,703 shares of the game software company’s stock after acquiring an additional 1,804 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Electronic Arts were worth $1,566,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Intrust Bank NA raised its stake in shares of Electronic Arts by 3.3% during the 4th quarter. Intrust Bank NA now owns 2,475 shares of the game software company’s stock worth $362,000 after purchasing an additional 78 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Electronic Arts by 11.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company’s stock worth $119,000 after purchasing an additional 81 shares during the period. Ballentine Partners LLC raised its stake in shares of Electronic Arts by 2.2% during the 4th quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock worth $550,000 after purchasing an additional 82 shares during the period. Fifth Third Wealth Advisors LLC raised its stake in shares of Electronic Arts by 1.7% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company’s stock worth $708,000 after purchasing an additional 83 shares during the period. Finally, Concurrent Investment Advisors LLC increased its holdings in Electronic Arts by 5.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 1,701 shares of the game software company’s stock worth $249,000 after acquiring an additional 90 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Stock Up 1.6%

Shares of EA opened at $149.57 on Friday. The firm has a market cap of $38.98 billion, a P/E ratio of 38.06, a P/E/G ratio of 3.58 and a beta of 0.74. The stock has a 50 day simple moving average of $144.23 and a two-hundred day simple moving average of $145.01. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.51%. The ex-dividend date is Wednesday, May 28th. Electronic Arts’s dividend payout ratio is currently 17.92%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on EA shares. TD Cowen lifted their price objective on Electronic Arts from $160.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Wedbush lifted their price objective on Electronic Arts from $179.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. HSBC raised Electronic Arts from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a report on Wednesday, May 7th. UBS Group lifted their price objective on Electronic Arts from $152.00 to $167.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Finally, DA Davidson began coverage on Electronic Arts in a report on Wednesday, February 19th. They set a “neutral” rating and a $140.00 target price for the company. Fifteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $161.83.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $130.14, for a total value of $650,700.00. Following the completion of the sale, the chief executive officer now owns 37,615 shares in the company, valued at approximately $4,895,216.10. The trade was a 11.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Stuart Canfield sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $130.11, for a total value of $130,110.00. Following the completion of the sale, the chief financial officer now owns 9,516 shares of the company’s stock, valued at $1,238,126.76. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,500 shares of company stock valued at $3,342,580 over the last quarter. 0.22% of the stock is owned by corporate insiders.

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.