Stifel Financial Corp Has $25.27 Million Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Stifel Financial Corp boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.5% during the fourth quarter, HoldingsChannel reports. The fund owned 172,667 shares of the game software company’s stock after purchasing an additional 4,154 shares during the quarter. Stifel Financial Corp’s holdings in Electronic Arts were worth $25,270,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Electronic Arts in the third quarter worth approximately $428,000. Tidal Investments LLC lifted its position in shares of Electronic Arts by 20.6% in the 3rd quarter. Tidal Investments LLC now owns 45,630 shares of the game software company’s stock worth $6,545,000 after purchasing an additional 7,786 shares during the period. Franklin Resources Inc. increased its position in shares of Electronic Arts by 8.4% during the third quarter. Franklin Resources Inc. now owns 863,899 shares of the game software company’s stock worth $124,548,000 after buying an additional 66,797 shares during the period. Inspire Trust Co. N.A. raised its stake in Electronic Arts by 47.4% during the third quarter. Inspire Trust Co. N.A. now owns 14,000 shares of the game software company’s stock worth $2,008,000 after buying an additional 4,499 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in Electronic Arts by 9,280.0% during the fourth quarter. Versant Capital Management Inc now owns 469 shares of the game software company’s stock worth $69,000 after buying an additional 464 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Price Performance

EA opened at $146.19 on Friday. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market capitalization of $38.10 billion, a price-to-earnings ratio of 37.20, a P/E/G ratio of 3.58 and a beta of 0.79. The firm’s fifty day moving average price is $138.99 and its two-hundred day moving average price is $144.44.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.34%.

Analysts Set New Price Targets

A number of analysts have weighed in on EA shares. Roth Mkm decreased their price target on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd. Citigroup lowered their target price on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. BNP Paribas lowered Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research note on Monday, January 27th. BMO Capital Markets reduced their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Finally, Robert W. Baird dropped their target price on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $154.00.

Insiders Place Their Bets

In related news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $130.83, for a total value of $327,075.00. Following the sale, the insider now owns 47,514 shares of the company’s stock, valued at approximately $6,216,256.62. The trade was a 5.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $130.14, for a total value of $650,700.00. Following the transaction, the chief executive officer now directly owns 37,615 shares of the company’s stock, valued at approximately $4,895,216.10. This trade represents a 11.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,000 shares of company stock valued at $3,032,740. Insiders own 0.22% of the company’s stock.

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.