234,685 Shares in Electronic Arts Inc. (NASDAQ:EA) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 234,685 shares of the game software company's stock, valued at approximately $34,334,000. Raymond James Financial Inc. owned about 0.09% of Electronic Arts as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of EA. Atria Investments Inc lifted its holdings in Electronic Arts by 86.5% during the 3rd quarter. Atria Investments Inc now owns 12,362 shares of the game software company's stock valued at $1,773,000 after buying an additional 5,733 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Electronic Arts during the 3rd quarter worth approximately $25,000. Versor Investments LP purchased a new stake in Electronic Arts during the 3rd quarter worth approximately $250,000. Prime Capital Investment Advisors LLC grew its position in Electronic Arts by 5.1% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company's stock worth $225,000 after purchasing an additional 76 shares during the last quarter. Finally, Simmons Bank boosted its holdings in shares of Electronic Arts by 7.4% in the 3rd quarter. Simmons Bank now owns 13,123 shares of the game software company's stock valued at $1,882,000 after acquiring an additional 901 shares during the last quarter. Institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Performance

EA stock opened at $137.72 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm has a market cap of $35.89 billion, a P/E ratio of 35.04, a P/E/G ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The stock's 50 day simple moving average is $133.17 and its 200 day simple moving average is $145.03.

Remove Ads

Electronic Arts (NASDAQ:EA - Get Free Report) last issued its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, equities research analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 0.55%. Electronic Arts's payout ratio is 19.34%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. StockNews.com cut shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 5th. Raymond James cut shares of Electronic Arts from an "outperform" rating to a "market perform" rating in a report on Thursday, January 23rd. Benchmark lowered their target price on shares of Electronic Arts from $163.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Wedbush restated an "outperform" rating and set a $173.00 target price on shares of Electronic Arts in a research report on Thursday, January 23rd. Finally, BMO Capital Markets cut their price target on Electronic Arts from $145.00 to $142.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $154.78.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total value of $327,075.00. Following the sale, the insider now owns 47,514 shares of the company's stock, valued at $6,216,256.62. This trade represents a 5.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $130.14, for a total value of $650,700.00. Following the completion of the sale, the chief executive officer now directly owns 37,615 shares in the company, valued at $4,895,216.10. This trade represents a 11.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,500 shares of company stock worth $3,428,645 in the last quarter. 0.22% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding EA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electronic Arts Inc. (NASDAQ:EA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.