Electronic Arts (NASDAQ:EA) Price Target Increased to $155.00 by Analysts at UBS Group

Electronic Arts (NASDAQ:EA) had its target price upped by UBS Group from $143.00 to $155.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a neutral rating on the game software company’s stock.

A number of other research firms have also issued reports on EA. Citigroup lowered shares of Electronic Arts from a buy rating to a neutral rating and upped their target price for the stock from $148.00 to $161.00 in a report on Monday, July 15th. JPMorgan Chase & Co. upped their target price on shares of Electronic Arts from $148.00 to $155.00 and gave the stock a neutral rating in a report on Monday, July 15th. The Goldman Sachs Group upped their target price on shares of Electronic Arts from $139.00 to $150.00 and gave the stock a neutral rating in a report on Wednesday. StockNews.com raised shares of Electronic Arts from a hold rating to a buy rating in a report on Wednesday, June 26th. Finally, Stifel Nicolaus upped their target price on shares of Electronic Arts from $165.00 to $167.00 and gave the stock a buy rating in a report on Wednesday. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $160.16.

Electronic Arts Stock Performance

EA opened at $148.83 on Wednesday. The stock has a market cap of $39.55 billion, a P/E ratio of 31.80, a P/E/G ratio of 2.28 and a beta of 0.79. The firm has a fifty day moving average price of $140.16 and a 200 day moving average price of $135.97. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.37. Electronic Arts has a 1 year low of $117.47 and a 1 year high of $153.51.

Electronic Arts (NASDAQ:EA) last issued its quarterly 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 company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. Equities research analysts anticipate that Electronic Arts will post 5.76 earnings per share for the current year.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, August 28th. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Insiders Place Their Bets

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $127.15, for a total transaction of $127,150.00. Following the completion of the transaction, the executive vice president now owns 17,426 shares of the company’s stock, valued at $2,215,715.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $127.15, for a total value of $127,150.00. Following the completion of the transaction, the executive vice president now owns 17,426 shares of the company’s stock, valued at $2,215,715.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Eric Charles Kelly sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $133.75, for a total transaction of $401,250.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,458 shares of the company’s stock, valued at approximately $997,507.50. The disclosure for this sale can be found here. Insiders sold a total of 23,239 shares of company stock valued at $3,197,469 over the last 90 days. 0.22% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James & Associates lifted its stake in Electronic Arts by 24.1% in the fourth quarter. Raymond James & Associates now owns 77,201 shares of the game software company’s stock worth $10,562,000 after acquiring an additional 14,969 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Electronic Arts by 15.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 32,332 shares of the game software company’s stock worth $4,423,000 after acquiring an additional 4,344 shares during the last quarter. Blue Trust Inc. lifted its stake in Electronic Arts by 58.5% in the fourth quarter. Blue Trust Inc. now owns 618 shares of the game software company’s stock worth $85,000 after acquiring an additional 228 shares during the last quarter. Pinnacle Associates Ltd. purchased a new position in Electronic Arts in the fourth quarter worth approximately $227,000. Finally, Venturi Wealth Management LLC raised its holdings in Electronic Arts by 81.0% during the fourth quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock worth $31,000 after purchasing an additional 102 shares in the last quarter. Hedge funds and other 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.