Electronic Arts’ (EA) Buy Rating Reaffirmed at Benchmark

Benchmark reaffirmed their buy rating on shares of Electronic Arts (NASDAQ:EA) in a report issued on Wednesday morning, Benzinga reports. They currently have a $163.00 price target on the game software company’s stock.

A number of other research analysts have also commented on the company. UBS Group upped their price target on Electronic Arts from $143.00 to $155.00 and gave the stock a neutral rating in a report on Wednesday, July 31st. TD Cowen upped their target price on Electronic Arts from $163.00 to $183.00 and gave the company a buy rating in a research note on Wednesday, July 31st. BMO Capital Markets restated an outperform rating and issued a $154.00 target price on shares of Electronic Arts in a research note on Tuesday, July 30th. Robert W. Baird upped their target price on Electronic Arts from $150.00 to $170.00 and gave the company an outperform rating in a research note on Wednesday, July 31st. Finally, The Goldman Sachs Group upped their target price on Electronic Arts from $139.00 to $150.00 and gave the company a neutral rating in a research note on Wednesday, July 31st. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Electronic Arts presently has an average rating of Moderate Buy and an average target price of $161.94.

Electronic Arts Stock Down 0.8 %

Shares of EA stock opened at $139.55 on Wednesday. Electronic Arts has a 12 month low of $117.47 and a 12 month high of $153.51. The firm has a market cap of $37.08 billion, a PE ratio of 29.82, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79. The stock has a 50 day moving average of $146.15 and a 200-day moving average of $137.71. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results 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. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. On average, equities analysts predict that Electronic Arts will post 5.89 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were paid 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 yield of 0.54%. Electronic Arts’s dividend payout ratio is currently 16.24%.

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction 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 sale, the chief executive officer now owns 61,747 shares in the company, valued at $8,660,634.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $141.01, for a total transaction of $211,515.00. Following the sale, the chief financial officer now owns 10,553 shares in the company, valued at $1,488,078.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $140.26, for a total value of $350,650.00. Following the completion of the transaction, the chief executive officer now owns 61,747 shares in the company, valued at approximately $8,660,634.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,570 shares of company stock worth $4,183,508. Insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Electronic Arts

Several hedge funds have recently added to or reduced their stakes in EA. North Star Investment Management Corp. boosted its holdings in Electronic Arts by 333.3% in the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after acquiring an additional 150 shares during the last quarter. Cape Investment Advisory Inc. boosted its holdings in 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 last quarter. Redmont Wealth Advisors LLC bought a new position in Electronic Arts during the first quarter worth about $27,000. Opal Wealth Advisors LLC bought a new position in Electronic Arts during the second quarter worth about $28,000. Finally, YHB Investment Advisors Inc. bought a new position in Electronic Arts during the first quarter worth about $30,000. Institutional investors own 90.23% of the company’s stock.

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.