Deroy & Devereaux Private Investment Counsel Inc. Decreases Stock Holdings in Electronic Arts Inc. $EA

Deroy & Devereaux Private Investment Counsel Inc. reduced its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 194,870 shares of the game software company’s stock after selling 2,434 shares during the period. Electronic Arts comprises 1.7% of Deroy & Devereaux Private Investment Counsel Inc.’s investment portfolio, making the stock its 18th largest holding. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Electronic Arts were worth $31,121,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in Electronic Arts during the first quarter worth approximately $28,000. Bank of Jackson Hole Trust grew its stake in Electronic Arts by 56.4% during the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after buying an additional 75 shares during the period. Frazier Financial Advisors LLC grew its stake in Electronic Arts by 328.9% during the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock worth $31,000 after buying an additional 148 shares during the period. Wayfinding Financial LLC purchased a new stake in Electronic Arts during the first quarter worth approximately $39,000. Finally, Costello Asset Management INC purchased a new stake in Electronic Arts during the first quarter worth approximately $40,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Baird R W downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. TD Cowen downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 1st. Wedbush restated a “neutral” rating and issued a $200.00 target price on shares of Electronic Arts in a research note on Monday, September 29th. DA Davidson upped their target price on shares of Electronic Arts from $150.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday, August 11th. Finally, BMO Capital Markets upped their target price on shares of Electronic Arts from $166.00 to $210.00 and gave the company a “market perform” rating in a research note on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $177.00.

Insider Transactions at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,200 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $171.52, for a total transaction of $205,824.00. Following the sale, the executive vice president directly owned 26,080 shares of the company’s stock, valued at approximately $4,473,241.60. This represents a 4.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction on Monday, September 29th. The stock was sold at an average price of $203.40, for a total transaction of $244,080.00. Following the sale, the insider directly owned 33,531 shares in the company, valued at $6,820,205.40. This trade represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,500 shares of company stock valued at $7,025,155 over the last ninety days. 0.24% of the stock is currently owned by corporate insiders.

Electronic Arts Trading Down 0.0%

EA opened at $200.20 on Wednesday. The stock has a market capitalization of $50.09 billion, a PE ratio of 50.18, a P/E/G ratio of 3.04 and a beta of 0.77. The firm’s fifty day moving average price is $178.74 and its 200 day moving average price is $159.37. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $203.75.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s dividend payout ratio is currently 19.05%.

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.