Gallacher Capital Management LLC Invests $655,000 in Electronic Arts Inc. $EA

Gallacher Capital Management LLC bought a new stake in Electronic Arts Inc. (NASDAQ:EA) in the first quarter, Holdings Channel reports. The institutional investor bought 3,215 shares of the game software company’s stock, valued at approximately $655,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Ascentis Independent Advisors bought a new stake in Electronic Arts during the 1st quarter worth approximately $27,000. MV Capital Management Inc. bought a new position in Electronic Arts in the 4th quarter valued at $28,000. Asset Planning Inc bought a new position in Electronic Arts in the 1st quarter valued at $32,000. Whipplewood Advisors LLC acquired a new position in Electronic Arts in the first quarter worth $32,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in Electronic Arts in the fourth quarter worth $44,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on EA shares. Argus lowered Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Wall Street Zen raised Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Citigroup upped their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Finally, Zacks Research cut shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Electronic Arts presently has a consensus rating of “Hold” and an average target price of $196.64.

Electronic Arts Price Performance

EA opened at $207.84 on Friday. The company has a fifty day moving average price of $203.21 and a two-hundred day moving average price of $202.59. The firm has a market capitalization of $52.12 billion, a PE ratio of 59.55, a P/E/G ratio of 2.32 and a beta of 0.64. Electronic Arts Inc. has a 52 week low of $146.97 and a 52 week high of $207.86. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s payout ratio is 21.78%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $201.36, for a total value of $302,040.00. Following the transaction, the chief financial officer owned 25,991 shares of the company’s stock, valued at approximately $5,233,547.76. This represents a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.12, for a total value of $1,015,600.00. Following the transaction, the chief executive officer owned 80,974 shares in the company, valued at approximately $16,447,438.88. This trade represents a 5.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 31,206 shares of company stock valued at $6,292,058 over the last quarter. 0.24% of the stock is owned by corporate insiders.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.