Electronic Arts (NASDAQ:EA) Price Target Lowered to $143.00 at UBS Group

Electronic Arts (NASDAQ:EA) had its price objective lowered by UBS Group from $146.00 to $143.00 in a report published on Wednesday, Benzinga reports. The brokerage currently has a neutral rating on the game software company’s stock.

EA has been the subject of a number of other research reports. Stifel Nicolaus boosted their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a buy rating in a research note on Thursday, January 18th. BMO Capital Markets assumed coverage on Electronic Arts in a research report on Tuesday, January 9th. They issued an outperform rating and a $160.00 target price for the company. Wedbush reissued an outperform rating and set a $162.00 price target on shares of Electronic Arts in a research note on Wednesday, January 31st. Finally, Wolfe Research assumed coverage on shares of Electronic Arts in a research report on Tuesday, December 12th. They issued a peer perform rating on the stock. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Electronic Arts currently has a consensus rating of Moderate Buy and a consensus target price of $147.00.

Electronic Arts Stock Up 0.7 %

Shares of EA opened at $131.87 on Wednesday. Electronic Arts has a 52 week low of $117.36 and a 52 week high of $144.53. The stock has a fifty day moving average of $137.56 and a 200-day moving average of $133.29. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market capitalization of $35.26 billion, a price-to-earnings ratio of 33.22, a PEG ratio of 1.93 and a beta of 0.77.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing the consensus estimate of $2.45 by ($1.38). The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.40 billion. Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.29 EPS. As a group, sell-side analysts anticipate that Electronic Arts will post 5.36 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Tuesday, February 27th. Electronic Arts’s payout ratio is 19.14%.

Insider Transactions at Electronic Arts

In other news, Director Jeff Huber sold 11,872 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $141.90, for a total value of $1,684,636.80. Following the transaction, the director now owns 79,381 shares of the company’s stock, valued at $11,264,163.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $135.50, for a total value of $108,400.00. Following the completion of the transaction, the insider now directly owns 29,483 shares in the company, valued at approximately $3,994,946.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeff Huber sold 11,872 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $141.90, for a total transaction of $1,684,636.80. Following the completion of the transaction, the director now directly owns 79,381 shares in the company, valued at approximately $11,264,163.90. The disclosure for this sale can be found here. Insiders sold 37,144 shares of company stock worth $5,160,804 in the last three months. Corporate insiders own 0.20% of the company’s stock.

Institutional Trading of Electronic Arts

Several hedge funds have recently modified their holdings of the company. Resurgent Financial Advisors LLC purchased a new stake in Electronic Arts during the fourth quarter valued at approximately $26,000. DHJJ Financial Advisors Ltd. purchased a new stake in Electronic Arts during the 3rd quarter valued at $26,000. Bray Capital Advisors lifted its position in Electronic Arts by 100.0% in the third quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock worth $26,000 after buying an additional 110 shares during the last quarter. Quarry LP purchased a new position in Electronic Arts during the fourth quarter worth $26,000. Finally, Cape Investment Advisory Inc. increased its position in Electronic Arts by 102.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after acquiring an additional 101 shares during the last quarter. 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.