Vise Technologies Inc. Boosts Stock Position in Electronic Arts Inc. $EA

Vise Technologies Inc. boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 143.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 10,869 shares of the game software company’s stock after acquiring an additional 6,397 shares during the quarter. Vise Technologies Inc.’s holdings in Electronic Arts were worth $2,221,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Ameriflex Group Inc. boosted its holdings in Electronic Arts by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock valued at $28,000 after acquiring an additional 69 shares during the period. Fideuram Asset Management Ireland dac purchased a new position in Electronic Arts during the 4th quarter valued at $44,000. Geneos Wealth Management Inc. boosted its holdings in Electronic Arts by 150.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock valued at $46,000 after acquiring an additional 190 shares during the period. Salomon & Ludwin LLC boosted its holdings in Electronic Arts by 32.8% during the 4th quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock valued at $47,000 after acquiring an additional 57 shares during the period. Finally, Asset Dedication LLC boosted its holdings in Electronic Arts by 333.3% during the 3rd quarter. Asset Dedication LLC now owns 260 shares of the game software company’s stock valued at $52,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on EA. Citigroup upped their target price on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Argus cut Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Finally, Wall Street Zen upgraded Electronic Arts to a “hold” rating in a report on Saturday. Two analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and an average target price of $196.64.

Electronic Arts Price Performance

Shares of EA stock opened at $203.00 on Friday. Electronic Arts Inc. has a twelve month low of $145.54 and a twelve month high of $204.88. The stock has a market capitalization of $50.90 billion, a price-to-earnings ratio of 58.17, a P/E/G ratio of 2.24 and a beta of 0.65. The stock has a fifty day simple moving average of $202.21 and a two-hundred day simple moving average of $202.29. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Electronic Arts’s dividend payout ratio is currently 21.78%.

Insiders Place Their Bets

In other news, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $200.81, for a total value of $240,972.00. Following the completion of the transaction, the insider directly owned 27,560 shares of the company’s stock, valued at approximately $5,534,323.60. The trade was a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Wilson sold 5,066 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $201.66, for a total value of $1,021,609.56. Following the completion of the transaction, the chief executive officer directly owned 85,974 shares of the company’s stock, valued at approximately $17,337,516.84. The trade was a 5.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 39,906 shares of company stock worth $8,032,336. 0.24% of the stock is owned by company insiders.

Electronic Arts Company Profile

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.