Janney Montgomery Scott LLC Has $1.79 Million Position in Electronic Arts Inc. (NASDAQ:EA)

Janney Montgomery Scott LLC cut its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,499 shares of the game software company’s stock after selling 536 shares during the period. Janney Montgomery Scott LLC’s holdings in Electronic Arts were worth $1,793,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of EA. Empowered Funds LLC lifted its stake in Electronic Arts by 23.7% during the 1st quarter. Empowered Funds LLC now owns 9,631 shares of the game software company’s stock valued at $1,278,000 after acquiring an additional 1,844 shares in the last quarter. Sei Investments Co. raised its stake in shares of Electronic Arts by 17.0% during the 1st quarter. Sei Investments Co. now owns 130,988 shares of the game software company’s stock worth $17,379,000 after purchasing an additional 18,985 shares during the period. Avantax Advisory Services Inc. raised its stake in shares of Electronic Arts by 6.9% during the 1st quarter. Avantax Advisory Services Inc. now owns 3,408 shares of the game software company’s stock worth $452,000 after purchasing an additional 220 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of Electronic Arts by 13.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 348,670 shares of the game software company’s stock worth $46,258,000 after purchasing an additional 41,567 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Electronic Arts by 18.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 313,595 shares of the game software company’s stock worth $41,605,000 after purchasing an additional 49,906 shares during the period. 90.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group lifted their target price on Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Wedbush reiterated an “outperform” rating and set a $170.00 target price on shares of Electronic Arts in a research note on Friday, October 25th. StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st. TD Cowen lifted their target price on Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $150.00 price objective on shares of Electronic Arts in a report on Wednesday, September 18th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Electronic Arts presently has an average rating of “Moderate Buy” and a consensus target price of $165.37.

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $148.88, for a total transaction of $372,200.00. Following the completion of the transaction, the chief executive officer now owns 56,747 shares of the company’s stock, valued at approximately $8,448,493.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Stuart Canfield sold 1,260 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $148.37, for a total value of $186,946.20. Following the completion of the sale, the chief financial officer now owns 7,553 shares in the company, valued at $1,120,638.61. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $148.88, for a total value of $372,200.00. Following the completion of the sale, the chief executive officer now owns 56,747 shares of the company’s stock, valued at $8,448,493.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,144 shares of company stock valued at $3,886,282. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Stock Down 0.1 %

EA stock opened at $162.72 on Thursday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $42.68 billion, a PE ratio of 41.83, a PEG ratio of 2.13 and a beta of 0.78. Electronic Arts Inc. has a twelve month low of $124.92 and a twelve month high of $163.00. The stock has a 50-day simple moving average of $146.46 and a two-hundred day simple moving average of $142.05.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Wednesday, November 27th. Electronic Arts’s payout ratio is 19.54%.

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.