BMO Capital Markets Reiterates Outperform Rating for Electronic Arts (NASDAQ:EA)

BMO Capital Markets reaffirmed their outperform rating on shares of Electronic Arts (NASDAQ:EA) in a research report released on Wednesday, Benzinga reports. BMO Capital Markets currently has a $154.00 price target on the game software company’s stock.

EA has been the topic of a number of other research reports. UBS Group lifted their price objective on Electronic Arts from $143.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. upped their price objective on Electronic Arts from $148.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Raymond James raised their target price on Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Bank of America boosted their target price on shares of Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $160.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $161.94.

Electronic Arts Price Performance

Electronic Arts stock opened at $144.35 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.45. The business has a 50 day simple moving average of $145.17 and a 200-day simple moving average of $139.07. Electronic Arts has a 12 month low of $119.92 and a 12 month high of $153.51. The stock has a market capitalization of $38.36 billion, a PE ratio of 30.84, a price-to-earnings-growth ratio of 1.95 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Equities analysts predict that Electronic Arts will post 5.93 earnings per share for the current year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. Electronic Arts’s dividend payout ratio (DPR) is 16.24%.

Insiders Place Their Bets

In other Electronic Arts news, insider Vijayanthimala Singh sold 7,384 shares of Electronic Arts stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the sale, the insider now directly owns 31,190 shares of the company’s stock, valued at approximately $4,675,692.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Electronic Arts news, insider Vijayanthimala Singh sold 7,384 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total value 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $142.42, for a total transaction of $356,050.00. Following the transaction, the chief executive officer now directly owns 59,247 shares of the company’s stock, valued at approximately $8,437,957.74. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,770 shares of company stock valued at $3,643,785 in the last ninety days. Insiders own 0.22% of the company’s stock.

Institutional Trading of Electronic Arts

Several institutional investors have recently made changes to their positions in the stock. Compass Ion Advisors LLC purchased a new position in shares of Electronic Arts in the 3rd quarter worth about $210,000. Resonant Capital Advisors LLC raised its holdings in Electronic Arts by 1.4% in the third quarter. Resonant Capital Advisors LLC now owns 15,482 shares of the game software company’s stock valued at $2,221,000 after buying an additional 209 shares during the period. Raymond James & Associates lifted its position in Electronic Arts by 10.7% during the third quarter. Raymond James & Associates now owns 129,387 shares of the game software company’s stock valued at $18,559,000 after buying an additional 12,468 shares in the last quarter. First Citizens Bank & Trust Co. lifted its position in Electronic Arts by 1.0% during the third quarter. First Citizens Bank & Trust Co. now owns 15,939 shares of the game software company’s stock valued at $2,286,000 after buying an additional 160 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Electronic Arts by 139.5% during the third quarter. Blue Trust Inc. now owns 2,975 shares of the game software company’s stock worth $414,000 after buying an additional 1,733 shares during the period. 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.