Electronic Arts Inc. (NASDAQ:EA) Shares Bought by First Business Financial Services Inc.

First Business Financial Services Inc. raised its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,886 shares of the game software company’s stock after purchasing an additional 600 shares during the period. First Business Financial Services Inc.’s holdings in Electronic Arts were worth $2,324,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Swedbank AB lifted its holdings in Electronic Arts by 6.3% during the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock valued at $235,224,000 after purchasing an additional 95,190 shares in the last quarter. Atomi Financial Group Inc. purchased a new position in Electronic Arts during the fourth quarter valued at $217,000. Huntington National Bank lifted its stake in shares of Electronic Arts by 983.4% in the third quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock worth $36,993,000 after buying an additional 234,098 shares in the last quarter. Fisher Funds Management LTD purchased a new position in shares of Electronic Arts in the fourth quarter worth about $3,730,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in shares of Electronic Arts in the fourth quarter worth about $13,845,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Price Performance

Shares of EA opened at $134.05 on Thursday. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The stock has a market cap of $34.94 billion, a PE ratio of 34.11, a P/E/G ratio of 3.58 and a beta of 0.79. The firm has a 50-day simple moving average of $134.07 and a two-hundred day simple moving average of $145.39. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is currently 19.34%.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $130.83, for a total transaction of $327,075.00. Following the completion of the transaction, the insider now owns 47,514 shares in the company, valued at $6,216,256.62. The trade was a 5.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $148.00, for a total transaction of $740,000.00. Following the transaction, the chief executive officer now owns 47,615 shares of the company’s stock, valued at $7,047,020. This trade represents a 9.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,500 shares of company stock worth $3,428,645. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EA. Stifel Nicolaus decreased their price target on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research note on Tuesday, January 21st. Wedbush reissued an “outperform” rating and issued a $173.00 price target on shares of Electronic Arts in a research note on Thursday, January 23rd. Benchmark decreased their price target on shares of Electronic Arts from $163.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. DA Davidson began coverage on shares of Electronic Arts in a research note on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 price target on the stock. Finally, Raymond James downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $154.78.

Electronic Arts 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.