Logan Capital Management Inc. Has $14.12 Million Stock Holdings in Electronic Arts Inc. $EA

Logan Capital Management Inc. lifted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 69,115 shares of the game software company’s stock after buying an additional 2,780 shares during the quarter. Logan Capital Management Inc.’s holdings in Electronic Arts were worth $14,122,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. ICICI Prudential Asset Management Co Ltd boosted its position in Electronic Arts by 4.5% during the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 4,013 shares of the game software company’s stock worth $820,000 after buying an additional 171 shares during the period. Xponance LLC grew its holdings in Electronic Arts by 5.3% during the 4th quarter. Xponance LLC now owns 41,057 shares of the game software company’s stock worth $8,389,000 after acquiring an additional 2,070 shares during the last quarter. Canopy Partners LLC acquired a new position in Electronic Arts in the 4th quarter valued at approximately $207,000. SmartHarvest Portfolios LLC acquired a new position in Electronic Arts in the 4th quarter valued at approximately $315,000. Finally, Picton Mahoney Asset Management raised its stake in shares of Electronic Arts by 276.7% during the fourth quarter. Picton Mahoney Asset Management now owns 282,500 shares of the game software company’s stock valued at $57,723,000 after acquiring an additional 207,500 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Wall Street Zen raised Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Argus lowered Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Citigroup raised their price objective on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $196.64.

Electronic Arts Stock Performance

Shares of EA opened at $203.05 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. The firm’s fifty day simple moving average is $202.24 and its two-hundred day simple moving average is $202.35. Electronic Arts Inc. has a 12 month low of $146.97 and a 12 month high of $204.88. The stock has a market capitalization of $50.91 billion, a P/E ratio of 58.18, a price-to-earnings-growth ratio of 2.29 and a beta of 0.65.

Electronic Arts Dividend Announcement

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

Insider Buying and Selling at Electronic Arts

In related news, CEO Andrew Wilson sold 5,066 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $201.66, for a total transaction of $1,021,609.56. Following the transaction, the chief executive officer owned 85,974 shares in the company, valued at $17,337,516.84. The trade was a 5.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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. Also, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $201.36, for a total transaction of $302,040.00. Following the completion of the sale, the chief financial officer directly owned 25,991 shares of the company’s stock, valued at approximately $5,233,547.76. This trade represents a 5.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders have sold a total of 39,906 shares of company stock valued at $8,032,336 over the last ninety days. Insiders own 0.24% of the company’s stock.

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.