Focus Partners Advisor Solutions LLC Acquires Shares of 2,209 Electronic Arts Inc. $EA

Key Points

• Focus Partners Advisor Solutions LLC has acquired 2,209 shares of Electronic Arts Inc. (NASDAQ: EA), valued at approximately $319,000, marking a new investment in the company during the first quarter.
• Electronic Arts has announced a quarterly dividend of $0.19 per share, with the payment date set for September 17th, representing an annualized dividend yield of 0.5%.
• Several brokerages have recently updated their ratings and price targets for EA stock, with a consensus rating of "Moderate Buy" and an average price target of $167.12.

Focus Partners Advisor Solutions LLC acquired a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,209 shares of the game software company's stock, valued at approximately $319,000.

Other institutional investors also recently bought and sold shares of the company. Putney Financial Group LLC purchased a new position in shares of Electronic Arts in the fourth quarter valued at $26,000. Opal Wealth Advisors LLC purchased a new position in shares of Electronic Arts in the first quarter valued at $28,000. Bank of Jackson Hole Trust boosted its stake in shares of Electronic Arts by 56.4% in the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock valued at $30,000 after purchasing an additional 75 shares during the period. Wayfinding Financial LLC purchased a new position in shares of Electronic Arts in the first quarter valued at $39,000. Finally, American National Bank & Trust purchased a new position in shares of Electronic Arts in the first quarter valued at $40,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EA. Arete Research set a $192.00 price objective on shares of Electronic Arts in a report on Tuesday, August 5th. Wells Fargo & Company set a $168.00 price objective on shares of Electronic Arts and gave the stock an "equal weight" rating in a report on Monday, July 28th. Citigroup reissued a "neutral" rating and set a $153.00 price objective (up from $139.00) on shares of Electronic Arts in a report on Thursday, May 29th. Wedbush reissued an "outperform" rating and set a $210.00 price objective on shares of Electronic Arts in a report on Monday, August 25th. Finally, Arete raised shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $192.00 price objective for the company in a report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $167.12.

Electronic Arts Stock Down 0.7%

EA stock traded down $1.25 during mid-day trading on Thursday, hitting $169.02. 1,416,249 shares of the company were exchanged, compared to its average volume of 3,402,167. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $180.90. The firm has a market cap of $42.29 billion, a P/E ratio of 42.30, a P/E/G ratio of 2.14 and a beta of 0.75. The firm's 50 day simple moving average is $162.35 and its 200 day simple moving average is $151.15.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, August 27th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts's payout ratio is presently 19.05%.

Insider Activity at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the company'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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jacob J. Schatz sold 1,200 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $174.65, for a total value of $209,580.00. Following the completion of the transaction, the executive vice president owned 27,248 shares of the company's stock, valued at $4,758,863.20. This trade represents a 4.22% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,900 shares of company stock valued at $4,778,597. Corporate insiders own 0.24% of the company's stock.

About Electronic Arts

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.