Electronic Arts (NASDAQ:EA) Receives “Outperform” Rating from Oppenheimer

Oppenheimer reaffirmed their outperform rating on shares of Electronic Arts (NASDAQ:EA) in a report published on Tuesday, Benzinga reports. The firm currently has a $150.00 price target on the game software company’s stock.

EA has been the topic of a number of other research reports. Wedbush reiterated an outperform rating and set a $162.00 target price on shares of Electronic Arts in a research report on Wednesday, January 31st. BMO Capital Markets assumed coverage on Electronic Arts in a research report on Tuesday, January 9th. They set an outperform rating and a $160.00 target price on the stock. UBS Group decreased their price objective on Electronic Arts from $146.00 to $143.00 and set a neutral rating on the stock in a report on Wednesday, March 27th. Benchmark restated a buy rating and issued a $153.00 price objective on shares of Electronic Arts in a report on Thursday, April 18th. Finally, Stifel Nicolaus raised their price objective on Electronic Arts from $152.00 to $155.00 and gave the company a buy rating in a report on Thursday, January 18th. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Electronic Arts presently has a consensus rating of Moderate Buy and an average target price of $147.00.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $127.14 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. Electronic Arts has a twelve month low of $117.47 and a twelve month high of $144.53. The company’s 50 day moving average is $134.30 and its 200 day moving average is $134.57. The company has a market cap of $33.99 billion, a PE ratio of 32.03, a price-to-earnings-growth ratio of 1.77 and a beta of 0.76.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the business earned $2.29 EPS. The company’s quarterly revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts forecast that Electronic Arts will post 5.36 EPS for the current year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date was Tuesday, February 27th. Electronic Arts’s payout ratio is 19.14%.

Insider Buying and Selling

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $137.43, for a total value of $109,944.00. Following the completion of the transaction, the insider now directly owns 28,683 shares of the company’s stock, valued at approximately $3,941,904.69. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $137.43, for a total value of $109,944.00. Following the completion of the transaction, the insider now owns 28,683 shares in the company, valued at approximately $3,941,904.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $140.26, for a total value of $210,390.00. Following the sale, the chief financial officer now owns 4,894 shares of the company’s stock, valued at approximately $686,432.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,144 shares of company stock valued at $5,143,560. 0.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV increased its position in Electronic Arts by 23.9% during the third quarter. Mercer Global Advisors Inc. ADV now owns 22,867 shares of the game software company’s stock worth $2,753,000 after buying an additional 4,411 shares during the period. Value Partners Investments Inc. grew its holdings in Electronic Arts by 33.5% during the fourth quarter. Value Partners Investments Inc. now owns 429,536 shares of the game software company’s stock worth $53,761,000 after acquiring an additional 107,709 shares during the period. Metis Global Partners LLC boosted its position in Electronic Arts by 14.7% during the third quarter. Metis Global Partners LLC now owns 11,473 shares of the game software company’s stock worth $1,381,000 after purchasing an additional 1,469 shares in the last quarter. Morgan Stanley boosted its position in Electronic Arts by 13.0% during the third quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock worth $408,084,000 after purchasing an additional 389,063 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Electronic Arts by 16.3% in the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock valued at $3,086,621,000 after acquiring an additional 3,600,388 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

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.