Electronic Arts Inc. (NASDAQ:EA) Position Raised by Simmons Bank

Simmons Bank lifted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 3.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,541 shares of the game software company’s stock after acquiring an additional 348 shares during the period. Simmons Bank’s holdings in Electronic Arts were worth $1,442,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Electronic Arts by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,366,885 shares of the game software company’s stock worth $187,004,000 after purchasing an additional 26,493 shares in the last quarter. Apollon Wealth Management LLC bought a new position in Electronic Arts in the 4th quarter valued at about $293,000. Lincoln National Corp grew its position in Electronic Arts by 22.2% in the 4th quarter. Lincoln National Corp now owns 2,882 shares of the game software company’s stock valued at $394,000 after buying an additional 523 shares in the last quarter. Private Advisor Group LLC raised its holdings in Electronic Arts by 212.6% during the fourth quarter. Private Advisor Group LLC now owns 3,041 shares of the game software company’s stock worth $416,000 after purchasing an additional 5,742 shares in the last quarter. Finally, Gallacher Capital Management LLC raised its stake in shares of Electronic Arts by 25.0% in the 4th quarter. Gallacher Capital Management LLC now owns 2,682 shares of the game software company’s stock worth $367,000 after buying an additional 536 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. UBS Group cut their price objective on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, March 27th. Roth Mkm dropped their target price 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. Stifel Nicolaus raised their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Benchmark reissued a “buy” rating and issued a $153.00 price objective on shares of Electronic Arts in a research note on Thursday, April 18th. Finally, Wedbush restated an “outperform” rating and set a $162.00 price target on shares of Electronic Arts in a report on Thursday, May 2nd. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Electronic Arts currently has an average rating of “Moderate Buy” and a consensus target price of $146.72.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $139.08, for a total transaction of $111,264.00. Following the transaction, the insider now directly owns 27,883 shares in the company, valued at approximately $3,877,967.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $139.08, for a total transaction of $111,264.00. Following the completion of the transaction, the insider now directly owns 27,883 shares in the company, valued at approximately $3,877,967.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $140.26, for a total value of $210,390.00. Following the completion of the sale, the chief financial officer now owns 4,894 shares in the company, valued at approximately $686,432.44. The disclosure for this sale can be found here. Insiders have sold a total of 37,144 shares of company stock worth $5,087,143 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Electronic Arts Stock Down 0.2 %

Shares of NASDAQ EA traded down $0.32 during mid-day trading on Tuesday, hitting $130.24. The company had a trading volume of 3,378,050 shares, compared to its average volume of 1,988,431. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The firm has a 50-day simple moving average of $131.75 and a two-hundred day simple moving average of $134.50. The company has a market capitalization of $34.82 billion, a PE ratio of 32.81, a price-to-earnings-growth ratio of 1.73 and a beta of 0.78. Electronic Arts Inc. has a one year low of $117.47 and a one year high of $144.53.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.58%. Electronic Arts’s dividend payout ratio (DPR) is 19.14%.

About Electronic Arts

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.