Harel Insurance coverage Investments & Monetary Companies Ltd. lowered its stake in Digital Arts Inc. (NASDAQ:EA – Get Ranking) by 68.2% within the first quarter, in keeping with the corporate in its most up-to-date Kind 13F submitting with the Securities and Trade Fee. The fund owned 293 shares of the sport software program firm’s inventory after promoting 629 shares through the interval. Harel Insurance coverage Investments & Monetary Companies Ltd.’s holdings in Digital Arts had been price $37,000 on the finish of the newest quarter.
Different hedge funds and different institutional buyers have additionally made adjustments to their positions within the firm. Black Rock Inc. raised its holdings in shares of Digital Arts by 1.9% through the fourth quarter. Black Rock Inc. now owns 23,528,573 shares of the sport software program firm’s inventory price $3,103,418,000 after buying an extra 436,684 shares over the last quarter. State Avenue Corp raised its holdings in shares of Digital Arts by 0.5% through the fourth quarter. State Avenue Corp now owns 14,178.078 shares of the sport software program firm’s inventory price $1,870,088,000 after buying an extra 74,982 shares over the last quarter. Massachusetts Monetary Companies Co. MA raised its holdings in shares of Digital Arts by 0.3% through the fourth quarter. Massachusetts Monetary Companies Co. MA now owns 10,669,159 shares of the sport software program firm’s inventory price $1,407,262,000 after buying an extra 31,062 shares over the last quarter. Geode Capital Administration LLC raised its holdings in shares of Digital Arts by 1.1% through the fourth quarter. Geode Capital Administration LLC now owns 5,007,133 shares of the sport software program firm’s inventory price $658.845,000 after buying an extra 54,417 shares over the last quarter. Lastly, Norges Financial institution bought a brand new place in shares of Digital Arts through the fourth quarter price $218,333,000. Hedge funds and different institutional buyers personal 89.28% of the corporate’s inventory.
Analyst Upgrades and Downgrades
EA has been the topic of a number of current analysis studies. Barclays raised their goal value on shares of Digital Arts from $114.00 to $125.00 and gave the inventory an “equal weight” ranking in a report on Tuesday, July nineteenth. Sanford C. Bernstein began protection on shares of Digital Arts in a analysis report on Friday, April twenty second. They set an “outperform” ranking and a $157.00 value goal on the inventory. StockNews.com upgraded shares of Digital Arts from a “maintain” ranking to a “purchase” ranking in a analysis report on Wednesday, June twenty second. Robert W. Baird dropped their value goal on shares of Digital Arts from $165.00 to $140.00 in a analysis report on Wednesday, Might eleventh. Lastly, Wedbush dropped their value goal on shares of Digital Arts from $180.00 to $164.00 in a analysis report on Wednesday, Might eleventh. 5 analysis analysts have rated the inventory with a maintain ranking and fourteen have given a purchase ranking to the corporate. In keeping with knowledge from MarketBeat.com, the inventory presently has a mean ranking of “Average Purchase” and a mean value goal of $154.00.
Insiders Place Their Bets
In different Digital Arts information, insider Vijayanthimala Singh bought 800 shares of Digital Arts inventory in a transaction dated Monday, Might 2nd. The shares had been bought at a mean value of $118.75, for a complete transaction of $95,000.00. Following the transaction, the insider now straight owns 19,517 shares of the corporate’s inventory, valued at $2,317,643.75. The sale was disclosed in a authorized submitting with the Securities & Trade Fee, which is obtainable by way of the SEC web site. In different Digital Arts information, insider Vijayanthimala Singh bought 800 shares of Digital Arts inventory in a transaction dated Monday, Might 2nd. The shares had been bought at a mean value of $118.75, for a complete transaction of $95,000.00. Following the transaction, the insider now straight owns 19,517 shares of the corporate’s inventory, valued at $2,317,643.75. The sale was disclosed in a authorized submitting with the Securities & Trade Fee, which is obtainable by way of the SEC web site. Additionally, insider Chris Bruzzo bought 4,500 shares of Digital Arts inventory in a transaction dated Friday, Might twenty seventh. The inventory was bought at a mean value of $140.00, for a complete transaction of $630,000.00. Following the transaction, the insider now straight owns 27,524 shares within the firm, valued at $3,853,360. The disclosure for this sale might be discovered right here. Insiders have bought 59,295 shares of firm inventory valued at $7,610,472 over the past ninety days. Firm insiders personal 0.37% of the corporate’s inventory.
Digital Arts Inventory Efficiency
EA opened at $129.92 on Tuesday. The agency has a market capitalization of $36.33 billion, a PE ratio of 47.07, a PEG ratio of two.12 and a beta of 0.84. Digital Arts Inc. has a twelve month low of $109.24 and a twelve month excessive of $147.76. The agency’s 50-day shifting common value is $130.02 and its 200 day shifting common value is $128.24. The corporate has a present ratio of 1.18, a fast ratio of 1.18 and a debt-to-equity ratio of 0.25.
Digital Arts (NASDAQ:EA – Get Ranking) final posted its quarterly earnings outcomes on Tuesday, Might tenth. The sport software program firm reported $0.82 earnings per share for the quarter, lacking analysts’ consensus estimates of $1.04 by ($0.22). The enterprise had income of $1.75 billion for the quarter, in comparison with analyst estimates of $1.77 billion. Digital Arts had a return on fairness of 18.99% and a web margin of 11.29%. The enterprise’s income was up 17.5% in comparison with the identical quarter final 12 months. Throughout the identical quarter within the earlier 12 months, the agency posted $0.72 earnings per share. As a bunch, sell-side analysts anticipate that Digital Arts Inc. will publish 5.5 EPS for the present fiscal 12 months.
Digital Arts Will increase Dividend
The corporate additionally lately introduced a quarterly dividend, which was paid on Wednesday, June twenty second. Shareholders of report on Wednesday, June eighth had been paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, June seventh. This is a rise from Digital Arts’s earlier quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized foundation and a yield of 0.58%. Digital Arts’ payout ratio is 27.54%.
Digital Arts Profile
(Get Ranking)
Digital Arts Inc. develops, markets, publishes, and distributes video games, content material, and providers for sport consoles, PCs, cellphones, and tablets worldwide. It develops and publishes video games and providers throughout numerous genres, comparable to sports activities, racing, first-person shooter, motion, role-playing, and simulation primarily beneath the Battlefield, The Sims, Apex Legends, Want for Pace, and license video games from others , together with FIFA, Madden NFL, UFC, and Star Wars manufacturers.
Featured Tales
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