Electronic Arts Inc. (NASDAQ:EA) Position Cut by Gyroscope Capital Management Group LLC

Gyroscope Capital Management Group LLC trimmed its stake in Electronic Arts Inc. (NASDAQ:EAGet Rating) by 28.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,198 shares of the game software company’s stock after selling 1,277 shares during the quarter. Gyroscope Capital Management Group LLC’s holdings in Electronic Arts were worth $422,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of EA. Bank Pictet & Cie Asia Ltd. increased its holdings in shares of Electronic Arts by 11.7% during the fourth quarter. Bank Pictet & Cie Asia Ltd. now owns 12,285 shares of the game software company’s stock valued at $1,620,000 after purchasing an additional 1,285 shares during the period. Toronto Dominion Bank increased its holdings in shares of Electronic Arts by 98.2% during the fourth quarter. Toronto Dominion Bank now owns 404,103 shares of the game software company’s stock valued at $53,300,000 after purchasing an additional 200,202 shares during the period. Empirical Finance LLC increased its holdings in shares of Electronic Arts by 35.0% during the fourth quarter. Empirical Finance LLC now owns 4,934 shares of the game software company’s stock valued at $651,000 after purchasing an additional 1,279 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Electronic Arts by 92.3% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 29,656 shares of the game software company’s stock valued at $3,912,000 after purchasing an additional 14,237 shares during the period. Finally, First National Trust Co increased its holdings in shares of Electronic Arts by 7.3% during the fourth quarter. First National Trust Co now owns 63,765 shares of the game software company’s stock valued at $8,411,000 after purchasing an additional 4,337 shares during the period. Institutional investors own 89.69% of the company’s stock.

Shares of EA stock traded down $0.84 during trading on Monday, reaching $121.76. The company had a trading volume of 34,480 shares, compared to its average volume of 2,211,010. The firm’s 50 day simple moving average is $127.02 and its two-hundred day simple moving average is $131.60. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.20 and a quick ratio of 1.20. Electronic Arts Inc. has a one year low of $117.58 and a one year high of $148.93. The company has a market capitalization of $34.24 billion, a PE ratio of 55.23, a PEG ratio of 1.57 and a beta of 0.83.

Electronic Arts (NASDAQ:EAGet Rating) last issued its quarterly earnings results on Tuesday, February 1st. The game software company reported $2.80 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $2.80. The company had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.66 billion. Electronic Arts had a return on equity of 18.59% and a net margin of 9.83%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.78 EPS. Analysts forecast that Electronic Arts Inc. will post 5.48 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 23rd. Shareholders of record on Wednesday, March 9th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.56%. The ex-dividend date was Tuesday, March 8th. Electronic Arts’s dividend payout ratio is currently 30.63%.

A number of research firms recently issued reports on EA. KeyCorp lowered their target price on Electronic Arts from $180.00 to $165.00 and set an “overweight” rating on the stock in a report on Friday, January 28th. Deutsche Bank Aktiengesellschaft lowered their target price on Electronic Arts from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, February 2nd. TheStreet lowered Electronic Arts from a “b” rating to a “c+” rating in a report on Tuesday, February 1st. MKM Partners lowered their target price on Electronic Arts from $172.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, February 2nd. Finally, StockNews.com began coverage on Electronic Arts in a report on Thursday, March 31st. They set a “buy” rating on the stock. Five analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $161.81.

In other news, insider Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 18th. The stock was sold at an average price of $138.41, for a total transaction of $138,410.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Laura Miele sold 3,100 shares of the business’s stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of $124.91, for a total value of $387,221.00. Following the sale, the chief operating officer now owns 23,429 shares in the company, valued at $2,926,516.39. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,015 shares of company stock worth $6,239,748. Company insiders own 0.65% of the company’s stock.

Electronic Arts Profile (Get Rating)

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 Plants vs.

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

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