Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Argent Trust Co

Argent Trust Co trimmed its stake in Electronic Arts Inc. (NASDAQ:EA) by 10.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,218 shares of the game software company’s stock after selling 624 shares during the quarter. Argent Trust Co’s holdings in Electronic Arts were worth $727,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Mutual of America Capital Management LLC raised its holdings in shares of Electronic Arts by 4.6% during the second quarter. Mutual of America Capital Management LLC now owns 42,256 shares of the game software company’s stock valued at $5,888,000 after acquiring an additional 1,839 shares during the period. Dimensional Fund Advisors LP raised its stake in Electronic Arts by 29.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,548,261 shares of the game software company’s stock valued at $215,725,000 after purchasing an additional 354,005 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Electronic Arts by 0.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company’s stock valued at $583,162,000 after purchasing an additional 18,376 shares in the last quarter. Walter Public Investments Inc. boosted its position in shares of Electronic Arts by 104.0% in the second quarter. Walter Public Investments Inc. now owns 87,347 shares of the game software company’s stock worth $12,170,000 after buying an additional 44,528 shares during the period. Finally, Rathbones Group PLC boosted its position in shares of Electronic Arts by 15.4% in the second quarter. Rathbones Group PLC now owns 195,414 shares of the game software company’s stock worth $27,227,000 after buying an additional 26,041 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Stock Up 0.2 %

Shares of EA stock opened at $140.74 on Friday. Electronic Arts Inc. has a one year low of $117.47 and a one year high of $153.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a fifty day moving average price of $146.36 and a 200 day moving average price of $137.68. The stock has a market cap of $37.40 billion, a P/E ratio of 30.07, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. Analysts predict that Electronic Arts Inc. will post 5.89 earnings per share for the current year.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.54%. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Insider Activity at Electronic Arts

In related news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $140.26, for a total transaction of $350,650.00. Following the completion of the transaction, the chief executive officer now directly owns 61,747 shares of the company’s stock, valued at approximately $8,660,634.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $139.71, for a total value of $111,768.00. Following the completion of the sale, the insider now owns 38,574 shares in the company, valued at approximately $5,389,173.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $140.26, for a total transaction of $350,650.00. Following the transaction, the chief executive officer now owns 61,747 shares in the company, valued at $8,660,634.22. The disclosure for this sale can be found here. Insiders have sold a total of 28,570 shares of company stock valued at $4,183,508 in the last 90 days. 0.22% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. UBS Group increased their price objective on Electronic Arts from $143.00 to $155.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. TD Cowen boosted their price target on shares of Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price objective on Electronic Arts from $148.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Roth Mkm restated a “neutral” rating and issued a $154.00 target price on shares of Electronic Arts in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $160.00 price target on shares of Electronic Arts in a report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $161.94.

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.