28,618 Shares in Electronic Arts Inc. $EA Acquired by Foyston Gordon & Payne Inc

Key Points

• Foyston Gordon & Payne Inc acquired 28,618 shares of Electronic Arts Inc. in the first quarter, valued at approximately $4.1 million, as reported to the SEC.
• Electronic Arts will pay a quarterly dividend of $0.19 on September 17th, with an annualized yield of 0.4% and a payout ratio of 19.05%.
• Analysts are optimistic about Electronic Arts with an average rating of "Moderate Buy" and an average target price of $167.12, following several upgrades from major firms.

Foyston Gordon & Payne Inc acquired a new stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 28,618 shares of the game software company's stock, valued at approximately $4,136,000.

Several other hedge funds also recently bought and sold shares of EA. Putney Financial Group LLC bought a new position in Electronic Arts in the 4th quarter valued at $26,000. Opal Wealth Advisors LLC bought a new position in shares of Electronic Arts during the 1st quarter worth $28,000. Bank of Jackson Hole Trust increased its stake in shares of Electronic Arts by 56.4% during the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock valued at $30,000 after buying an additional 75 shares during the period. LGT Financial Advisors LLC bought a new stake in shares of Electronic Arts in the fourth quarter valued at about $33,000. Finally, Wayfinding Financial LLC purchased a new stake in Electronic Arts in the first quarter worth about $39,000. Institutional investors own 90.23% of the company's stock.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the 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 completion of the sale, the chief executive officer directly owned 57,393 shares in the company, valued at approximately $8,735,788.53. This trade represents a 8.01% 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. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $155.49, for a total value of $388,725.00. Following the completion of the sale, the insider owned 58,092 shares of the company's stock, valued at approximately $9,032,725.08. This trade represents a 4.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,200 shares of company stock valued at $3,116,350. 0.24% of the stock is owned by corporate insiders.

Electronic Arts Stock Up 0.4%

EA stock traded up $0.65 during trading on Wednesday, reaching $171.33. 2,289,654 shares of the company traded hands, compared to its average volume of 3,514,114. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $180.90. The business has a 50 day simple moving average of $157.04 and a 200 day simple moving average of $146.73. The company has a market capitalization of $42.87 billion, a price-to-earnings ratio of 42.94, a price-to-earnings-growth ratio of 2.18 and a beta of 0.72. 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 Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on EA shares. Argus set a $170.00 target price on shares of Electronic Arts in a research report on Friday, May 16th. Benchmark lifted their price objective on shares of Electronic Arts from $160.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. HSBC raised shares of Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price objective for the company in a research note on Wednesday, May 7th. Morgan Stanley upped their target price on Electronic Arts from $135.00 to $148.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 7th. Finally, TD Cowen upped their target price on Electronic Arts from $160.00 to $172.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.