Robert W. Baird Reaffirms “Neutral” Rating for Electronic Arts (NASDAQ:EA)

Robert W. Baird restated their neutral rating on shares of Electronic Arts (NASDAQ:EA) in a research report released on Monday, MarketBeat reports. They currently have a $210.00 price target on the game software company’s stock, up from their previous price target of $170.00.

A number of other equities research analysts also recently weighed in on the company. DA Davidson raised their price objective on Electronic Arts from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, August 11th. UBS Group set a $167.00 price target on shares of Electronic Arts and gave the company a “neutral” rating in a report on Friday, August 1st. Wedbush reaffirmed a “neutral” rating and issued a $200.00 price objective on shares of Electronic Arts in a research report on Monday. Wells Fargo & Company set a $168.00 target price on shares of Electronic Arts and gave the company an “equal weight” rating in a research report on Monday, July 28th. Finally, Roth Capital upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and raised their target price for the company from $175.00 to $185.00 in a research note on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Electronic Arts presently has a consensus rating of “Hold” and an average target price of $176.04.

Electronic Arts Stock Down 0.0%

Shares of NASDAQ EA opened at $201.63 on Monday. Electronic Arts has a 12-month low of $115.21 and a 12-month high of $203.75. The stock’s fifty day simple moving average is $170.50 and its two-hundred day simple moving average is $155.76. The stock has a market capitalization of $50.45 billion, a PE ratio of 50.53, a price-to-earnings-growth ratio of 3.05 and a beta of 0.77. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, August 27th. Electronic Arts’s payout ratio is presently 19.05%.

Insider Activity

In related news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $171.69, for a total value of $429,225.00. Following the completion of the transaction, the insider owned 55,592 shares in the company, valued at $9,544,590.48. This trade represents a 4.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Stuart Canfield sold 6,500 shares of Electronic Arts stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $203.40, for a total value of $1,322,100.00. Following the sale, the chief financial officer directly owned 5,140 shares of the company’s stock, valued at approximately $1,045,476. This represents a 55.84% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,500 shares of company stock valued at $6,743,160. 0.24% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Electronic Arts

Institutional investors have recently bought and sold shares of the business. Norden Group LLC purchased a new position in shares of Electronic Arts during the second quarter worth $214,000. Focus Partners Advisor Solutions LLC acquired a new stake in Electronic Arts during the 1st quarter worth about $319,000. CCM Investment Group LLC purchased a new position in shares of Electronic Arts during the 1st quarter valued at about $1,625,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Electronic Arts by 2.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 653,581 shares of the game software company’s stock valued at $94,456,000 after buying an additional 13,461 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC lifted its holdings in shares of Electronic Arts by 4.6% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 91,328 shares of the game software company’s stock valued at $13,944,000 after buying an additional 3,999 shares during the period. 90.23% of the stock is owned by hedge funds and other institutional investors.

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.