Robert W. Baird Raises Electronic Arts (NASDAQ:EA) Price Target to $170.00

Electronic Arts (NASDAQ:EA) had its price target increased by Robert W. Baird from $150.00 to $170.00 in a report published on Wednesday, Benzinga reports. Robert W. Baird currently has an outperform rating on the game software company’s stock.

Several other research firms also recently commented on EA. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Electronic Arts from $153.00 to $150.00 and set a hold rating for the company in a report on Thursday, May 9th. Jefferies Financial Group assumed coverage on shares of Electronic Arts in a report on Thursday, July 11th. They issued a buy rating and a $165.00 price target for the company. BMO Capital Markets reissued an outperform rating and issued a $154.00 price target on shares of Electronic Arts in a report on Tuesday. Roth Mkm raised their price target on shares of Electronic Arts from $135.00 to $152.00 and gave the company a neutral rating in a report on Monday, July 29th. Finally, Citigroup downgraded shares of Electronic Arts from a buy rating to a neutral rating and raised their price target for the company from $148.00 to $161.00 in a report on Monday, July 15th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $160.16.

Electronic Arts Trading Up 0.3 %

Shares of EA stock opened at $148.83 on Wednesday. The company has a 50 day moving average of $140.16 and a 200-day moving average of $135.98. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.25. Electronic Arts has a 12-month low of $117.47 and a 12-month high of $153.51. The firm has a market cap of $39.55 billion, a P/E ratio of 31.80, a PEG ratio of 2.36 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.17). The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Electronic Arts had a return on equity of 16.26% and a net margin of 15.77%. Sell-side analysts anticipate that Electronic Arts will post 5.76 earnings per share for the current year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Wednesday, August 28th. Electronic Arts’s payout ratio is presently 16.24%.

Insider Buying and Selling

In related news, EVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $127.15, for a total value of $127,150.00. Following the transaction, the executive vice president now owns 17,426 shares in the company, valued at approximately $2,215,715.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Electronic Arts news, EVP Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $127.15, for a total value of $127,150.00. Following the transaction, the executive vice president now owns 17,426 shares in the company, valued at $2,215,715.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stuart Canfield sold 3,000 shares of the business’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $145.00, for a total transaction of $435,000.00. Following the completion of the transaction, the chief financial officer now owns 7,553 shares in the company, valued at approximately $1,095,185. The disclosure for this sale can be found here. Insiders have sold a total of 23,239 shares of company stock worth $3,197,469 in the last 90 days. 0.22% of the stock is owned by company insiders.

Hedge Funds Weigh In On Electronic Arts

A number of hedge funds have recently modified their holdings of the company. North Star Investment Management Corp. boosted its stake in Electronic Arts by 333.3% during the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after acquiring an additional 150 shares in the last quarter. Cape Investment Advisory Inc. boosted its stake in Electronic Arts by 102.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after acquiring an additional 101 shares in the last quarter. Redmont Wealth Advisors LLC bought a new stake in Electronic Arts during the first quarter worth about $27,000. Opal Wealth Advisors LLC bought a new stake in Electronic Arts during the second quarter worth about $28,000. Finally, Larson Financial Group LLC bought a new stake in Electronic Arts during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Company 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.