Jacobs & Co. CA, a financial investment firm, recently reported a decrease in its holdings of Electronic Arts Inc. The company sold 1,695 shares of Electronic Arts’ stock during the second quarter, reducing its position by 3.2%. As of the most recent filing with the Securities & Exchange Commission, Jacobs & Co. CA now owns 52,035 shares of Electronic Arts, valued at $6,748,000.
This news comes as Electronic Arts announced its quarterly dividend payment. The dividend of $0.19 per share is scheduled to be paid on September 20th to investors who were recorded as shareholders on August 30th. With an annualized payout ratio of 23.53%, this dividend represents a yield of 0.63% for shareholders. The ex-dividend date for this payment was August 29th.
Electronic Arts Inc., listed on the NASDAQ exchange under the symbol EA, is a prominent game software company known for developing and publishing popular video games worldwide. The company’s portfolio includes well-known titles such as FIFA, Madden NFL, and The Sims.
The decrease in holdings by Jacobs & Co. CA could indicate several factors influencing their decision to sell the shares of Electronic Arts. For investors and market analysts interested in tracking trends and making informed investment decisions regarding Electronic Arts’ stock, it is essential to consider various aspects relevant to the company’s financial health and overall market conditions.
Investors may closely monitor future developments concerning Electronic Arts’ performance in the gaming industry and keep an eye on any updates from other institutional investors to gauge market sentiment towards the company’s stock.
Disclaimer: This article does not offer financial advice or endorse any specific investment decisions. Investors are advised to conduct thorough research and consult with professionals before making any financial decisions based on the information provided in this article.
Electronic Arts: Attracting Attention from Institutional Investors and Analysts, Promising Potential for Growth
In recent months, a number of institutional investors have been actively buying and selling shares of Electronic Arts (EA), the renowned game software company. These investors include Flagship Harbor Advisors LLC, Sanders Morris Harris LLC, Czech National Bank, AE Wealth Management LLC, and Appleton Partners Inc. MA. The collective ownership of these hedge funds and institutional investors accounts for approximately 90.42% of EA’s stock.
Flagship Harbor Advisors LLC acquired a new position in EA during the second quarter, investing around $313,000. Similarly, Sanders Morris Harris LLC purchased a stake in EA valued at about $700,000 during the same period. Meanwhile, Czech National Bank increased its position in the company by 0.5% during the second quarter with an additional acquisition of 149 shares, bringing their total ownership to 30,839 shares valued at $4 million. AE Wealth Management LLC also joined in by acquiring a new position worth approximately $316,000.
Even Appleton Partners Inc., MA showed interest in EA by increasing its position by 1.5% and now owns 9,244 shares with a value of $1.2 million.
Considering these developments amongst institutional investors, it is clear that Electronic Arts has attracted significant attention from savvy market players. A deeper understanding of EA’s financial performance can provide additional context regarding why these investors are showing such interest.
Several equities analysts have weighed in on the prospects of EA’s stocks recently. Wedbush reaffirmed an “outperform” rating with a target price of $155 while Benchmark assigned the company a “buy” rating and lowered its price objective from $159 to $153 per share. Oppenheimer also emphasized an “outperform” rating and set a target price of $150 per share.
Stifel Nicolaus was optimistic as well and upped its price target to $151 from the previous amount of $144 per share.
According to StockNews.com, EA’s stock received an upgrade from a “buy” rating to a “strong-buy,” indicating even more favorable ratings for the company. Bloomberg.com reveals that the consensus rating for EA is currently set at “Moderate Buy” with a consensus target price of $140.43.
On Monday, September 18th, EA opened at $121.10. The company currently maintains a debt-to-equity ratio of 0.26 and has a current ratio and quick ratio both standing at 1.28. The average price over 50-day and 200-day periods came out to be $126.67 and $124.89, respectively.
As of now, EA boasts a market capitalization of $32.81 billion with a relatively high price-to-earnings (P/E) ratio of 37.29 and a price-to-earnings-growth (PEG) ratio of 2.63. Additionally, the company has exhibited a beta value of 0.90.
In terms of its financial performance, Electronic Arts Inc declared its quarterly earnings data on Tuesday, August 1st. For the quarter, the company reported an EPS (earnings per share) of $0.75, surpassing analysts’ consensus estimates by $0.14 or approximately a 23% increase in earnings per share from predictions which stood at $0.61.
The firm also achieved revenue amounting to $1.58 billion for the quarter but fell slightly short of the initial estimate set at $1.59 billion.
With regards to profitability indicators, Electronic Arts displayed a return on equity (ROE) of 19.49%, signaling a healthy level of profitability in relation to shareholders’ investments in the company’s shares.
Market analysts anticipate that EA will post an EPS figure of approximately $5.11 for this current fiscal year.
Considering all these factors including significant institutional investor activity and optimistic outlook from equities analysts along with the company’s solid financial performance Electronic Arts appears to be a sturdy player in the game software industry. The company remains poised for growth and displays promising potential for investors seeking stable returns.