Private Client Services LLC Invests $1.78 Million in Electronic Arts Inc. $EA

Private Client Services LLC purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 11,122 shares of the game software company’s stock, valued at approximately $1,776,000.

Several other institutional investors have also modified their holdings of the stock. AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Electronic Arts during the 1st quarter worth $1,351,000. Voya Investment Management LLC raised its holdings in shares of Electronic Arts by 0.3% during the 1st quarter. Voya Investment Management LLC now owns 74,291 shares of the game software company’s stock worth $10,737,000 after acquiring an additional 234 shares during the period. Anderson Financial Strategies LLC purchased a new position in shares of Electronic Arts during the 1st quarter worth $272,000. Strs Ohio purchased a new position in shares of Electronic Arts during the 1st quarter worth $20,666,000. Finally, Addison Capital Co raised its holdings in shares of Electronic Arts by 17.8% during the 1st quarter. Addison Capital Co now owns 3,528 shares of the game software company’s stock worth $510,000 after acquiring an additional 534 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Up 1.5%

Shares of NASDAQ:EA opened at $172.38 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $43.13 billion, a PE ratio of 43.20, a price-to-earnings-growth ratio of 2.19 and a beta of 0.75. The firm’s 50-day moving average is $162.98 and its two-hundred day moving average is $151.68. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $180.90.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, August 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio is 19.05%.

Insider Activity at Electronic Arts

In other Electronic Arts news, CFO Stuart Canfield sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $171.06, for a total transaction of $171,060.00. Following the sale, the chief financial officer directly owned 15,140 shares in the company, valued at $2,589,848.40. This represents a 6.20% 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 company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $172.26, for a total transaction of $206,712.00. Following the sale, the insider owned 35,931 shares in the company, valued at $6,189,474.06. The trade was a 3.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,900 shares of company stock valued at $4,778,597. 0.24% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. DA Davidson lifted their price target on Electronic Arts from $150.00 to $160.00 and gave the stock a “neutral” rating in a report on Monday, August 11th. Wedbush restated an “outperform” rating and issued a $210.00 price objective on shares of Electronic Arts in a report on Monday, August 25th. Arete Research set a $192.00 price objective on shares of Electronic Arts in a report on Tuesday, August 5th. Wall Street Zen lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Bank of America boosted their price objective on shares of Electronic Arts from $166.00 to $168.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat, Electronic Arts presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.12.

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.