Electronic Arts (NASDAQ:EA) Given Neutral Rating at Roth Mkm

Roth Mkm reaffirmed their neutral rating on shares of Electronic Arts (NASDAQ:EA) in a research note published on Thursday, Benzinga reports. Roth Mkm currently has a $154.00 price target on the game software company’s stock.

Several other brokerages have also commented on EA. Morgan Stanley restated an equal weight rating and issued a $150.00 price objective on shares of Electronic Arts in a report on Wednesday, September 18th. Oppenheimer lifted their target price on shares of Electronic Arts from $150.00 to $170.00 and gave the company an outperform rating in a report on Tuesday, July 16th. JPMorgan Chase & Co. lifted their target price on shares of Electronic Arts from $148.00 to $155.00 and gave the company a neutral rating in a report on Monday, July 15th. Deutsche Bank Aktiengesellschaft reiterated a hold rating and set a $160.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. Finally, Stifel Nicolaus lifted their target price on shares of Electronic Arts from $165.00 to $167.00 and gave the company a buy rating in a report on Wednesday, July 31st. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $161.94.

Electronic Arts Stock Down 0.8 %

EA opened at $139.55 on Thursday. The business’s fifty day simple moving average is $146.15 and its 200 day simple moving average is $137.73. Electronic Arts has a 52 week low of $117.47 and a 52 week high of $153.51. The stock has a market cap of $37.08 billion, a PE ratio of 29.82, a P/E/G ratio of 1.97 and a beta of 0.79. 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 data on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. As a group, research analysts expect that Electronic Arts will post 5.89 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th were paid a $0.19 dividend. The ex-dividend date was Wednesday, August 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.54%. Electronic Arts’s dividend payout ratio (DPR) is currently 16.24%.

Insider Activity at Electronic Arts

In other news, insider Vijayanthimala Singh sold 7,384 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the sale, the insider now owns 31,190 shares of the company’s stock, valued at approximately $4,675,692.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $149.32, for a total transaction of $223,980.00. Following the completion of the sale, the executive vice president now owns 27,860 shares of the company’s stock, valued at approximately $4,160,055.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 7,384 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the sale, the insider now directly owns 31,190 shares of the company’s stock, valued at approximately $4,675,692.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,570 shares of company stock worth $4,183,508. 0.22% of the stock is owned by insiders.

Institutional Investors Weigh In On Electronic Arts

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. North Star Investment Management Corp. increased its holdings 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 acquiring an additional 150 shares in the last quarter. Cape Investment Advisory Inc. boosted its stake 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 during the period. Redmont Wealth Advisors LLC bought a new position in Electronic Arts in the 1st quarter worth approximately $27,000. Opal Wealth Advisors LLC bought a new position in Electronic Arts in the 2nd quarter worth approximately $28,000. Finally, YHB Investment Advisors Inc. bought a new position in Electronic Arts in the 1st quarter worth approximately $30,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Company 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.