Electronic Arts Inc. (NASDAQ:EA) CFO Stuart Canfield Sells 1,500 Shares

Electronic Arts Inc. (NASDAQ:EA) CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly 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 at the SEC website.

Electronic Arts Trading Down 0.7 %

EA opened at $139.52 on Friday. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $144.53. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25. The company has a market cap of $37.07 billion, a P/E ratio of 29.81, a price-to-earnings-growth ratio of 2.23 and a beta of 0.80. The company has a fifty day moving average price of $132.47 and a two-hundred day moving average price of $134.94.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, May 7th. The game software company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.17). The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.78 billion. Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. Analysts predict that Electronic Arts Inc. will post 5.72 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Wednesday, May 29th. Electronic Arts’s payout ratio is 16.24%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on EA shares. Wedbush reaffirmed an “outperform” rating and set a $162.00 target price on shares of Electronic Arts in a report on Wednesday, May 8th. Stifel Nicolaus raised their target price on shares of Electronic Arts from $150.00 to $163.00 and gave the stock a “buy” rating in a report on Monday. Robert W. Baird lowered their target price on shares of Electronic Arts from $160.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. StockNews.com raised shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Roth Mkm decreased their price objective on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $147.50.

Institutional Investors Weigh In On Electronic Arts

Institutional investors have recently added to or reduced their stakes in the company. North Star Investment Management Corp. grew its position in Electronic Arts by 333.3% in the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after purchasing an additional 150 shares in the last quarter. Cape Investment Advisory Inc. grew its position in Electronic Arts by 102.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after purchasing an additional 101 shares in the last quarter. Redmont Wealth Advisors LLC bought a new stake in Electronic Arts in the 1st quarter worth about $27,000. Leith Wheeler Investment Counsel Ltd. grew its position in Electronic Arts by 269.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock worth $29,000 after purchasing an additional 154,989 shares in the last quarter. Finally, Larson Financial Group LLC bought a new stake in Electronic Arts in the 4th quarter worth about $30,000. 90.23% of the stock is owned by institutional investors.

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.