Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Janiczek Wealth Management LLC

Janiczek Wealth Management LLC increased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 15.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 895 shares of the game software company’s stock after acquiring an additional 118 shares during the period. Janiczek Wealth Management LLC’s holdings in Electronic Arts were worth $119,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EA. Vanguard Group Inc. increased its stake in Electronic Arts by 16.3% in the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock valued at $3,086,621,000 after purchasing an additional 3,600,388 shares during the last quarter. Capital International Investors grew its stake in shares of Electronic Arts by 8.3% in the fourth quarter. Capital International Investors now owns 5,067,765 shares of the game software company’s stock valued at $693,318,000 after buying an additional 386,630 shares in the last quarter. FIL Ltd boosted its holdings in Electronic Arts by 4.4% in the fourth quarter. FIL Ltd now owns 3,428,193 shares of the game software company’s stock valued at $469,011,000 after purchasing an additional 145,466 shares during the last quarter. Morgan Stanley boosted its holdings in Electronic Arts by 13.0% in the third quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock valued at $408,084,000 after purchasing an additional 389,063 shares during the last quarter. Finally, DNB Asset Management AS boosted its holdings in Electronic Arts by 82.3% in the fourth quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock valued at $322,494,000 after purchasing an additional 1,064,022 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EA. Robert W. Baird cut their price target on Electronic Arts from $160.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Roth Mkm lowered their price target on Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Wedbush reissued an “outperform” rating and set a $162.00 price objective on shares of Electronic Arts in a research note on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft decreased their target price 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. Finally, StockNews.com raised Electronic Arts from a “hold” rating to a “buy” rating in a research report on Wednesday. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $147.50.

Electronic Arts Stock Performance

EA stock traded down $0.59 during mid-day trading on Thursday, hitting $139.98. 482,755 shares of the company were exchanged, compared to its average volume of 2,124,837. The business has a 50 day simple moving average of $132.19 and a 200-day simple moving average of $134.91. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $37.20 billion, a PE ratio of 30.04, a price-to-earnings-growth ratio of 2.24 and a beta of 0.80. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $144.53.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.78 billion. On average, equities analysts forecast that Electronic Arts Inc. will post 5.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.54%. Electronic Arts’s payout ratio is presently 16.24%.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $132.82, for a total value of $106,256.00. Following the transaction, the insider now owns 27,083 shares in the company, valued at $3,597,164.06. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $132.82, for a total value of $106,256.00. Following the sale, the insider now owns 27,083 shares in the company, valued at approximately $3,597,164.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $128.21, for a total transaction of $128,210.00. Following the completion of the sale, the insider now directly owns 18,426 shares of the company’s stock, valued at $2,362,397.46. The disclosure for this sale can be found here. Insiders have sold a total of 21,039 shares of company stock valued at $2,763,319 over the last 90 days. 0.22% of the stock is owned by insiders.

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.