Kesler Norman & Wride LLC Purchases 2,308 Shares of Electronic Arts Inc. (NASDAQ:EA)

Kesler Norman & Wride LLC boosted its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 31.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,580 shares of the game software company's stock after buying an additional 2,308 shares during the quarter. Kesler Norman & Wride LLC's holdings in Electronic Arts were worth $1,385,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Fidelis Capital Partners LLC grew its stake in Electronic Arts by 9.2% in the 1st quarter. Fidelis Capital Partners LLC now owns 1,920 shares of the game software company's stock valued at $281,000 after buying an additional 162 shares during the last quarter. Cerity Partners LLC grew its position in Electronic Arts by 28.4% in the 1st quarter. Cerity Partners LLC now owns 37,816 shares of the game software company's stock worth $5,465,000 after purchasing an additional 8,356 shares during the last quarter. Allworth Financial LP grew its position in Electronic Arts by 53.4% in the 1st quarter. Allworth Financial LP now owns 1,169 shares of the game software company's stock worth $171,000 after purchasing an additional 407 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Electronic Arts by 175.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 308,336 shares of the game software company's stock worth $44,561,000 after purchasing an additional 196,594 shares during the last quarter. Finally, Banque Pictet & Cie SA grew its position in Electronic Arts by 2.9% in the 1st quarter. Banque Pictet & Cie SA now owns 95,184 shares of the game software company's stock worth $13,756,000 after purchasing an additional 2,681 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Trading Down 1.7%

Shares of NASDAQ:EA traded down $2.61 during trading on Friday, hitting $148.69. 1,840,332 shares of the company's stock were exchanged, compared to its average volume of 2,813,522. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The firm has a 50-day moving average price of $151.14 and a two-hundred day moving average price of $142.55. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.23. The firm has a market cap of $37.36 billion, a P/E ratio of 35.07, a PEG ratio of 2.05 and a beta of 0.73.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Wednesday, May 28th. Electronic Arts's dividend payout ratio (DPR) is presently 17.92%.

Insider Activity at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $159.53, for a total value of $159,530.00. Following the sale, the insider owned 37,131 shares of the company's stock, valued at $5,923,508.43. The trade was a 2.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 6,563 shares of the business's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $151.18, for a total transaction of $992,194.34. Following the completion of the sale, the chief executive officer directly owned 70,059 shares in the company, valued at approximately $10,591,519.62. This represents a 8.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,729 shares of company stock worth $4,784,679 over the last ninety days. 0.24% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

EA has been the topic of several research analyst reports. Morgan Stanley raised their price target on shares of Electronic Arts from $135.00 to $148.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 7th. Oppenheimer raised their price target on shares of Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. UBS Group raised their price target on shares of Electronic Arts from $152.00 to $167.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Roth Capital upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and raised their price target for the stock from $175.00 to $185.00 in a research report on Tuesday, June 24th. Finally, Wedbush upgraded shares of Electronic Arts to a "strong-buy" rating in a research report on Tuesday, July 1st. Fourteen investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $162.71.

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.