Calamos Advisors LLC Invests $13.41 Million in Electronic Arts Inc. $EA

Calamos Advisors LLC bought a new stake in Electronic Arts Inc. (NASDAQ:EA) in the third quarter, HoldingsChannel.com reports. The fund bought 66,500 shares of the game software company’s stock, valued at approximately $13,413,000.

Several other large investors also recently bought and sold shares of the business. Salomon & Ludwin LLC lifted its position in Electronic Arts by 70.1% during the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after purchasing an additional 68 shares during the last quarter. MTM Investment Management LLC purchased a new stake in shares of Electronic Arts during the 2nd quarter valued at about $30,000. Frazier Financial Advisors LLC raised its position in shares of Electronic Arts by 328.9% during the 2nd quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock valued at $31,000 after buying an additional 148 shares in the last quarter. NewSquare Capital LLC lifted its holdings in shares of Electronic Arts by 67.5% in the 2nd quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock valued at $31,000 after acquiring an additional 79 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Electronic Arts in the second quarter worth about $37,000. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Up 0.0%

NASDAQ:EA opened at $204.35 on Wednesday. The stock has a fifty day simple moving average of $202.27 and a 200-day simple moving average of $181.27. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.25. The company has a market cap of $51.11 billion, a price-to-earnings ratio of 59.75, a price-to-earnings-growth ratio of 2.41 and a beta of 0.76. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $204.84.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.07). Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the prior year, the business earned $1.11 EPS. The company’s quarterly revenue was down 12.6% on a year-over-year basis. Analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, December 3rd. Electronic Arts’s payout ratio is currently 22.22%.

Insider Transactions at Electronic Arts

In related news, Director Jeff Huber sold 16,788 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $200.72, for a total value of $3,369,687.36. Following the transaction, the director owned 1,980 shares of the company’s stock, valued at $397,425.60. This represents a 89.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Monday, December 15th. The shares were sold at an average price of $204.11, for a total value of $1,020,550.00. Following the sale, the chief executive officer directly owned 43,858 shares of the company’s stock, valued at approximately $8,951,856.38. This trade represents a 10.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 122,469 shares of company stock valued at $24,650,681 in the last ninety days. Corporate insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. DZ Bank lowered Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, September 29th. BMO Capital Markets raised their price target on Electronic Arts from $166.00 to $210.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 30th. Jefferies Financial Group lowered shares of Electronic Arts from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $200.00 to $210.00 in a research note on Tuesday, September 30th. Zacks Research downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, Baird R W lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Four investment analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $181.21.

About Electronic Arts

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.