Cerity Partners LLC Has $3.22 Million Position in Electronic Arts Inc. (EA)

Cerity Partners LLC decreased its position in Electronic Arts Inc. (NASDAQ:EA) by 3.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,799 shares of the game software company’s stock after selling 1,595 shares during the quarter. Cerity Partners LLC’s holdings in Electronic Arts were worth $3,219,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Baystate Wealth Management LLC raised its stake in Electronic Arts by 373.1% in the 4th quarter. Baystate Wealth Management LLC now owns 317 shares of the game software company’s stock valued at $29,000 after purchasing an additional 250 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Electronic Arts by 7,694.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,624,704 shares of the game software company’s stock valued at $33,000 after acquiring an additional 2,591,032 shares during the last quarter. Legacy Financial Advisors Inc. increased its stake in shares of Electronic Arts by 692.2% during the 4th quarter. Legacy Financial Advisors Inc. now owns 610 shares of the game software company’s stock valued at $48,000 after acquiring an additional 533 shares during the last quarter. Westside Investment Management Inc. increased its stake in shares of Electronic Arts by 33.3% during the 4th quarter. Westside Investment Management Inc. now owns 800 shares of the game software company’s stock valued at $63,000 after acquiring an additional 200 shares during the last quarter. Finally, IMS Capital Management acquired a new position in shares of Electronic Arts during the 3rd quarter valued at about $70,000. 95.84% of the stock is owned by hedge funds and other institutional investors.

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A number of research firms have recently commented on EA. SunTrust Banks set a $105.00 price objective on shares of Electronic Arts and gave the company a “buy” rating in a research note on Tuesday, January 8th. Credit Suisse Group dropped their price objective on shares of Electronic Arts from $127.00 to $126.00 and set an “outperform” rating for the company in a research note on Wednesday, October 31st. Piper Jaffray Companies dropped their price objective on shares of Electronic Arts from $148.00 to $105.00 and set an “overweight” rating for the company in a research note on Monday, December 10th. ValuEngine downgraded shares of Electronic Arts from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Finally, Zacks Investment Research downgraded shares of Electronic Arts from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Electronic Arts presently has an average rating of “Buy” and an average price target of $113.92.

In other Electronic Arts news, Director Leonard S. Coleman, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $100.55, for a total value of $1,005,500.00. Following the completion of the transaction, the director now owns 27,371 shares in the company, valued at approximately $2,752,154.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 9,000 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $84.36, for a total value of $759,240.00. The disclosure for this sale can be found here. Insiders have sold a total of 65,200 shares of company stock valued at $5,962,501 in the last quarter. Company insiders own 2.24% of the company’s stock.

Shares of NASDAQ:EA opened at $102.25 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.99 and a quick ratio of 2.99. Electronic Arts Inc. has a 1 year low of $73.91 and a 1 year high of $151.26. The stock has a market cap of $29.13 billion, a PE ratio of 29.72, a PEG ratio of 2.07 and a beta of 1.20.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, February 5th. The game software company reported $1.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.12. Electronic Arts had a return on equity of 23.21% and a net margin of 26.77%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the previous year, the business earned ($0.60) EPS. The company’s revenue for the quarter was down 18.4% on a year-over-year basis. As a group, sell-side analysts forecast that Electronic Arts Inc. will post 3.14 EPS for the current year.

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About Electronic Arts

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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