Electronic Arts (NASDAQ:EA) PT Raised to $170.00

Electronic Arts (NASDAQ:EA) had its target price increased by Raymond James from $155.00 to $170.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have an outperform rating on the game software company’s stock.

Other analysts also recently issued research reports about the company. Benchmark upped their price target on Electronic Arts from $153.00 to $163.00 and gave the stock a buy rating in a research note on Wednesday. The Goldman Sachs Group upped their price target on Electronic Arts from $139.00 to $150.00 and gave the stock a neutral rating in a research note on Wednesday. UBS Group boosted their price objective on Electronic Arts from $143.00 to $155.00 and gave the stock a neutral rating in a research report on Wednesday. BMO Capital Markets reissued an outperform rating and set a $154.00 price objective on shares of Electronic Arts in a research report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Electronic Arts from $153.00 to $150.00 and set a hold rating for the company in a research report on Thursday, May 9th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Electronic Arts has a consensus rating of Moderate Buy and an average price target of $160.16.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $148.83 on Wednesday. The business’s 50-day moving average price is $140.16 and its two-hundred day moving average price is $135.97. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.37. Electronic Arts has a one year low of $117.47 and a one year high of $153.51. The company has a market capitalization of $39.55 billion, a P/E ratio of 31.80, a price-to-earnings-growth ratio of 2.28 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.17). The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.78 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. Analysts anticipate that Electronic Arts will post 5.76 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.51%. Electronic Arts’s payout ratio is presently 16.24%.

Insider Transactions at Electronic Arts

In other news, EVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $127.15, for a total value of $127,150.00. Following the completion of the transaction, the executive vice president now directly owns 17,426 shares of the company’s stock, valued at approximately $2,215,715.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $127.15, for a total value of $127,150.00. Following the completion of the transaction, the executive vice president now directly owns 17,426 shares of the company’s stock, valued at approximately $2,215,715.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $132.88, for a total value of $106,304.00. Following the completion of the transaction, the insider now directly owns 39,374 shares of the company’s stock, valued at $5,232,017.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,239 shares of company stock valued at $3,197,469. Corporate insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Electronic Arts

A number of large investors have recently bought and sold shares of the business. First Business Financial Services Inc. grew its position in Electronic Arts by 4.3% during the 2nd quarter. First Business Financial Services Inc. now owns 14,066 shares of the game software company’s stock worth $1,960,000 after acquiring an additional 576 shares during the last quarter. National Bank of Canada FI grew its position in Electronic Arts by 214.8% during the 2nd quarter. National Bank of Canada FI now owns 533,548 shares of the game software company’s stock worth $73,264,000 after acquiring an additional 364,044 shares during the last quarter. Hohimer Wealth Management LLC grew its position in Electronic Arts by 375.1% during the 2nd quarter. Hohimer Wealth Management LLC now owns 31,204 shares of the game software company’s stock worth $4,348,000 after acquiring an additional 24,636 shares during the last quarter. Foundations Investment Advisors LLC bought a new stake in Electronic Arts during the 2nd quarter worth approximately $213,000. Finally, Simon Quick Advisors LLC boosted its position in Electronic Arts by 8.3% in the 2nd quarter. Simon Quick Advisors LLC now owns 3,382 shares of the game software company’s stock valued at $471,000 after buying an additional 259 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.