Frank Rimerman Advisors LLC Acquires 212 Shares of Electronic Arts Inc. (NASDAQ:EA)

Frank Rimerman Advisors LLC raised its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 8.0% in the fourth quarter, HoldingsChannel reports. The firm owned 2,867 shares of the game software company’s stock after buying an additional 212 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Electronic Arts were worth $419,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in EA. Pinnacle Bancorp Inc. grew its stake in shares of Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after purchasing an additional 117 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of Electronic Arts during the 4th quarter valued at about $32,000. SBI Securities Co. Ltd. bought a new stake in shares of Electronic Arts during the 4th quarter valued at about $41,000. Larson Financial Group LLC grew its stake in shares of Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after purchasing an additional 70 shares during the period. Finally, OFI Invest Asset Management purchased a new position in shares of Electronic Arts during the 4th quarter valued at about $42,000. 90.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wedbush reaffirmed an “outperform” rating and set a $173.00 price objective on shares of Electronic Arts in a research report on Thursday, January 23rd. Robert W. Baird lowered their price objective on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd. Moffett Nathanson raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a research report on Friday, January 31st. StockNews.com cut Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. Finally, BMO Capital Markets lowered their price objective on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and an average target price of $154.78.

Electronic Arts Stock Performance

NASDAQ:EA opened at $138.71 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The stock’s 50 day simple moving average is $132.85 and its two-hundred day simple moving average is $144.85. The company has a market cap of $36.15 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 3.58 and a beta of 0.78.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, equities analysts anticipate that Electronic Arts Inc. will post 4.71 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, March 19th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s dividend payout ratio is currently 19.34%.

Insider Activity

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total value of $215,175.00. Following the transaction, the executive vice president now owns 23,386 shares of the company’s stock, valued at $3,354,721.70. This represents a 6.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Stuart Canfield sold 1,000 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $148.18, for a total value of $148,180.00. Following the completion of the transaction, the chief financial officer now directly owns 8,750 shares in the company, valued at $1,296,575. This trade represents a 10.26 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,000 shares of company stock valued at $3,194,240. 0.22% of the stock is currently owned by insiders.

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.