First Business Financial Services Inc. Boosts Holdings in Electronic Arts Inc. (NASDAQ:EA)

First Business Financial Services Inc. raised its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 14,066 shares of the game software company’s stock after acquiring an additional 576 shares during the period. First Business Financial Services Inc.’s holdings in Electronic Arts were worth $1,960,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Grove Bank & Trust grew its holdings in shares of Electronic Arts by 23.5% in the second quarter. Grove Bank & Trust now owns 494 shares of the game software company’s stock valued at $69,000 after purchasing an additional 94 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of Electronic Arts by 4.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company’s stock worth $291,000 after buying an additional 97 shares in the last quarter. Claro Advisors LLC increased its holdings in shares of Electronic Arts by 5.6% in the 1st quarter. Claro Advisors LLC now owns 1,881 shares of the game software company’s stock worth $250,000 after buying an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Electronic Arts by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 20,909 shares of the game software company’s stock valued at $2,913,000 after buying an additional 100 shares in the last quarter. Finally, Cape Investment Advisory Inc. lifted its holdings in shares of Electronic Arts by 102.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after acquiring an additional 101 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $139.71, for a total value of $111,768.00. Following the transaction, the insider now owns 38,574 shares of the company’s stock, valued at approximately $5,389,173.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Electronic Arts news, CFO Stuart Canfield sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $145.00, for a total transaction of $435,000.00. Following the sale, the chief financial officer now owns 7,553 shares of the company’s stock, valued at approximately $1,095,185. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.71, for a total transaction of $111,768.00. Following the completion of the transaction, the insider now directly owns 38,574 shares of the company’s stock, valued at approximately $5,389,173.54. The disclosure for this sale can be found here. Insiders sold 27,070 shares of company stock worth $3,963,638 in the last three months. 0.22% of the stock is owned by insiders.

Electronic Arts Stock Down 0.6 %

Shares of EA traded down $0.86 during mid-day trading on Thursday, hitting $146.22. The company’s stock had a trading volume of 425,977 shares, compared to its average volume of 2,102,729. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average is $145.43 and its 200-day moving average is $137.48. Electronic Arts Inc. has a 52-week low of $117.47 and a 52-week high of $153.51. The firm has a market capitalization of $38.86 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 2.28 and a beta of 0.79.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Wednesday, August 28th. Electronic Arts’s payout ratio is 16.24%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on EA shares. Bank of America upped their price objective on Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Robert W. Baird raised their price target on Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. BMO Capital Markets reiterated an “outperform” rating and set a $154.00 price objective on shares of Electronic Arts in a research report on Tuesday, July 30th. Jefferies Financial Group started coverage on shares of Electronic Arts in a report on Thursday, July 11th. They issued a “buy” rating and a $165.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Electronic Arts from $153.00 to $150.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Electronic Arts presently has an average rating of “Moderate Buy” and an average target price of $161.28.

Electronic Arts 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.