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

Janiczek Wealth Management LLC raised its stake in Electronic Arts Inc. (NASDAQ:EA) by 15.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 895 shares of the game software company’s stock after purchasing an additional 118 shares during the quarter. Janiczek Wealth Management LLC’s holdings in Electronic Arts were worth $119,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of EA. Cape Investment Advisory Inc. increased its stake in shares of Electronic Arts by 102.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after buying an additional 101 shares during the period. Leith Wheeler Investment Counsel Ltd. lifted its holdings in shares of Electronic Arts by 269.1% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock worth $29,000 after purchasing an additional 154,989 shares during the period. Larson Financial Group LLC acquired a new stake in shares of Electronic Arts during the fourth quarter worth $30,000. Venturi Wealth Management LLC lifted its holdings in Electronic Arts by 81.0% in the fourth quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock valued at $31,000 after acquiring an additional 102 shares during the period. Finally, Private Wealth Management Group LLC acquired a new stake in Electronic Arts in the fourth quarter valued at $31,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $126.64, for a total transaction of $101,312.00. Following the completion of the sale, the insider now directly owns 26,283 shares of the company’s stock, valued at approximately $3,328,479.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Electronic Arts news, COO Laura Miele sold 2,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $132.82, for a total transaction of $265,640.00. Following the sale, the chief operating officer now directly owns 34,772 shares of the company’s stock, valued at approximately $4,618,417.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $126.64, for a total transaction of $101,312.00. Following the transaction, the insider now owns 26,283 shares in the company, valued at $3,328,479.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,039 shares of company stock valued at $2,763,319. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on EA shares. Wedbush restated an “outperform” rating and issued a $162.00 price target on shares of Electronic Arts in a research report on Wednesday, May 8th. BMO Capital Markets dropped their price objective on Electronic Arts from $160.00 to $154.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. Roth Mkm lowered their price target on Electronic Arts from $140.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Benchmark restated a “buy” rating and issued a $153.00 price target on shares of Electronic Arts in a report on Thursday, April 18th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of Electronic Arts in a research note on Friday, June 21st. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.50.

Electronic Arts Stock Down 0.4 %

EA stock traded down $0.59 during mid-day trading on Thursday, hitting $139.98. The stock had a trading volume of 482,755 shares, compared to its average volume of 2,124,837. 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 price-to-earnings ratio of 30.04, a PEG ratio of 2.24 and a beta of 0.80. The company has a fifty day moving average of $132.19 and a 200 day moving average of $134.91. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $144.53.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.78 billion. On average, equities analysts expect that Electronic Arts Inc. will post 5.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th were given a $0.19 dividend. 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 dividend payout ratio is currently 16.24%.

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.