5,113 Shares in Electronic Arts Inc. (NASDAQ:EA) Bought by Procyon Advisors LLC

Procyon Advisors LLC acquired a new stake in Electronic Arts Inc. (NASDAQ:EA) during the first quarter, according to its most recent filing with the SEC. The firm acquired 5,113 shares of the game software company’s stock, valued at approximately $739,000.

Other institutional investors also recently bought and sold shares of the company. Financial Management Professionals Inc. lifted its holdings in shares of Electronic Arts by 15.0% in the 1st quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company’s stock valued at $81,000 after buying an additional 73 shares during the period. Whipplewood Advisors LLC lifted its holdings in Electronic Arts by 34.2% in the first quarter. Whipplewood Advisors LLC now owns 298 shares of the game software company’s stock valued at $43,000 after acquiring an additional 76 shares during the period. Intrust Bank NA grew its stake in shares of Electronic Arts by 3.3% during the 4th quarter. Intrust Bank NA now owns 2,475 shares of the game software company’s stock worth $362,000 after purchasing an additional 78 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Electronic Arts by 11.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company’s stock valued at $119,000 after purchasing an additional 81 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Electronic Arts by 4.5% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,951 shares of the game software company’s stock valued at $282,000 after buying an additional 84 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Stock Performance

NASDAQ EA opened at $149.57 on Friday. The business’s 50-day moving average price is $145.91 and its 200 day moving average price is $143.75. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The company has a market capitalization of $37.51 billion, a PE ratio of 38.06, a price-to-earnings-growth ratio of 3.58 and a beta of 0.71. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Wednesday, May 28th. Electronic Arts’s dividend payout ratio is currently 17.92%.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the completion of the sale, the insider now owns 26,216 shares in the company, valued at approximately $3,801,320. The trade was a 3.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $142.50, for a total transaction of $712,500.00. Following the sale, the chief executive officer now directly owns 32,615 shares of the company’s stock, valued at approximately $4,647,637.50. This trade represents a 13.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,729 shares of company stock worth $4,107,664 in the last three months. Company insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on EA. UBS Group upped their price target on Electronic Arts from $152.00 to $167.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Argus set a $170.00 price target on Electronic Arts in a research note on Friday, May 16th. Morgan Stanley boosted their price objective on shares of Electronic Arts from $135.00 to $148.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 7th. Roth Capital reissued a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group lifted their target price on shares of Electronic Arts from $135.00 to $155.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. Fifteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $161.88.

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.