Focus Partners Wealth Boosts Holdings in Electronic Arts Inc. $EA

Focus Partners Wealth boosted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 12.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,685 shares of the game software company’s stock after acquiring an additional 1,263 shares during the period. Focus Partners Wealth’s holdings in Electronic Arts were worth $1,689,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EA. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Electronic Arts in the first quarter worth $319,000. CCM Investment Group LLC acquired a new stake in shares of Electronic Arts in the first quarter valued at about $1,625,000. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Electronic Arts by 2.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 653,581 shares of the game software company’s stock valued at $94,456,000 after purchasing an additional 13,461 shares during the period. Resona Asset Management Co. Ltd. lifted its stake in shares of Electronic Arts by 5.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 105,892 shares of the game software company’s stock worth $15,300,000 after buying an additional 5,275 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Electronic Arts by 4.4% in the first quarter. The Manufacturers Life Insurance Company now owns 162,571 shares of the game software company’s stock worth $23,495,000 after buying an additional 6,835 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Electronic Arts stock opened at $172.08 on Wednesday. The company has a market cap of $43.06 billion, a PE ratio of 43.13, a P/E/G ratio of 2.22 and a beta of 0.75. The company has a fifty day moving average price of $163.74 and a two-hundred day moving average price of $152.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $180.90.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th 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 0.4%. The ex-dividend date is Wednesday, August 27th. Electronic Arts’s payout ratio is currently 19.05%.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $152.21, for a total value of $761,050.00. Following the transaction, the chief executive officer owned 57,393 shares of the company’s stock, valued at approximately $8,735,788.53. This trade represents a 8.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $148.32, for a total value of $222,480.00. Following the completion of the transaction, the executive vice president directly owned 28,448 shares in the company, valued at $4,219,407.36. This represents a 5.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,800 shares of company stock valued at $4,967,210 in the last three months. 0.24% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. UBS Group set a $167.00 target price on shares of Electronic Arts and gave the stock a “neutral” rating in a research note on Friday, August 1st. Robert W. Baird upped their target price on shares of Electronic Arts from $168.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Wall Street Zen downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. DA Davidson boosted their price target on shares of Electronic Arts from $150.00 to $160.00 and gave the stock a “neutral” rating in a report on Monday, August 11th. Finally, Wells Fargo & Company set a $168.00 price objective on shares of Electronic Arts and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts presently has an average rating of “Moderate Buy” and a consensus target price of $167.12.

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.