PDS Planning Inc Invests $244,000 in Electronic Arts Inc. $EA

PDS Planning Inc acquired a new stake in Electronic Arts Inc. (NASDAQ:EA) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,526 shares of the game software company’s stock, valued at approximately $244,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norden Group LLC acquired a new position in shares of Electronic Arts in the 2nd quarter valued at $214,000. Focus Partners Advisor Solutions LLC bought a new stake in Electronic Arts in the first quarter valued at about $319,000. CCM Investment Group LLC acquired a new position in Electronic Arts in the first quarter valued at about $1,625,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Electronic Arts by 2.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 653,581 shares of the game software company’s stock worth $94,456,000 after buying an additional 13,461 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC boosted its holdings in Electronic Arts by 4.6% during the second quarter. Foster Victor Wealth Advisors LLC now owns 91,328 shares of the game software company’s stock worth $13,944,000 after buying an additional 3,999 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

Electronic Arts Trading Down 0.0%

EA opened at $200.01 on Monday. The stock has a market capitalization of $50.05 billion, a P/E ratio of 50.13, a P/E/G ratio of 3.04 and a beta of 0.77. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $203.75. The firm’s fifty day simple moving average is $177.15 and its 200 day simple moving average is $158.70.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, August 27th. Electronic Arts’s dividend payout ratio is currently 19.05%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on EA shares. Bank of America increased their price target on shares of Electronic Arts from $166.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Roth Capital lowered shares of Electronic Arts from a “buy” rating to a “neutral” rating and increased their target price for the stock from $185.00 to $210.00 in a report on Thursday, October 2nd. DZ Bank lowered shares of Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 29th. Argus upped their price objective on shares of Electronic Arts from $180.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Finally, UBS Group set a $210.00 target price on Electronic Arts and gave the stock a “neutral” rating in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $177.00.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CFO Stuart Canfield sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $203.40, for a total transaction of $1,322,100.00. Following the completion of the transaction, the chief financial officer owned 5,140 shares of the company’s stock, valued at $1,045,476. This represents a 55.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total transaction of $855,250.00. Following the transaction, the chief executive officer directly owned 52,393 shares of the company’s stock, valued at $8,961,822.65. This represents a 8.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,000 shares of company stock valued at $7,247,635 in the last ninety days. Corporate insiders own 0.24% 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.