Janney Montgomery Scott LLC Has $2.22 Million Position in Electronic Arts Inc. $EA

Key Points

• Janney Montgomery Scott LLC increased its holdings in Electronic Arts by 50% in Q2, owning 13,874 shares valued at approximately $2.22 million.
• The company announced a quarterly dividend of $0.19, representing a 0.4% dividend yield and a payout ratio of 19.05%.
• Institutional investors own 90.23% of Electronic Arts' stock, reflecting strong confidence among large shareholders.

Janney Montgomery Scott LLC raised its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 50.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,874 shares of the game software company's stock after acquiring an additional 4,626 shares during the quarter. Janney Montgomery Scott LLC's holdings in Electronic Arts were worth $2,216,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in Electronic Arts during the first quarter worth $28,000. Bank of Jackson Hole Trust lifted its position 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 worth $30,000 after buying an additional 75 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of Electronic Arts during the 1st quarter worth about $39,000. Costello Asset Management INC acquired a new position in shares of Electronic Arts during the 1st quarter valued at about $40,000. Finally, ORG Partners LLC raised its stake in shares of Electronic Arts by 47.6% in the 2nd quarter. ORG Partners LLC now owns 251 shares of the game software company's stock valued at $40,000 after acquiring an additional 81 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Electronic Arts Price Performance

Shares of EA opened at $200.01 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. The company's fifty day simple moving average is $177.15 and its 200 day simple moving average is $158.51. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $203.75. The company has a market cap of $50.05 billion, a price-to-earnings ratio of 50.13, a PEG ratio of 3.04 and a beta of 0.77.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, August 27th. Electronic Arts's payout ratio is currently 19.05%.

Insider Activity at Electronic Arts

In other news, CFO Stuart Canfield sold 6,500 shares of Electronic Arts stock in a transaction 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 sale, the chief financial officer owned 5,140 shares of the company's stock, valued at approximately $1,045,476. This trade represents a 55.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $155.49, for a total transaction of $388,725.00. Following the completion of the sale, the insider directly owned 58,092 shares of the company's stock, valued at approximately $9,032,725.08. The trade was a 4.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,000 shares of company stock valued at $7,247,635 over the last three months. Company insiders own 0.24% of the company's stock.

Analysts Set New Price Targets

EA has been the subject of a number of recent analyst reports. Hsbc Global Res cut Electronic Arts from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 29th. Arete upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $192.00 price objective for the company in a research note on Tuesday, August 5th. UBS Group set a $210.00 price objective on shares of Electronic Arts and gave the stock a "neutral" rating in a report on Tuesday, September 30th. Jefferies Financial Group lowered shares of Electronic Arts from a "buy" rating to a "hold" rating and raised their target price for the company from $200.00 to $210.00 in a research note on Tuesday, September 30th. Finally, Argus boosted their target price on shares of Electronic Arts from $180.00 to $210.00 and gave the stock a "buy" rating in a research report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, four have assigned 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, the company has a consensus rating of "Hold" and a consensus target price of $177.00.

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.

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