Foster & Motley Inc. Sells 197 Shares of Electronic Arts Inc. (NASDAQ:EA)

Foster & Motley Inc. lessened its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,274 shares of the game software company’s stock after selling 197 shares during the quarter. Foster & Motley Inc.’s holdings in Electronic Arts were worth $1,013,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. North Star Investment Management Corp. increased its stake in Electronic Arts by 333.3% in the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after acquiring an additional 150 shares during the last quarter. Cape Investment Advisory Inc. boosted its holdings in shares of Electronic Arts by 102.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after purchasing an additional 101 shares in the last quarter. Redmont Wealth Advisors LLC bought a new position in shares of Electronic Arts during the 1st quarter valued at about $27,000. Opal Wealth Advisors LLC purchased a new position in shares of Electronic Arts during the 2nd quarter valued at about $28,000. Finally, YHB Investment Advisors Inc. bought a new stake in Electronic Arts in the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insiders Place Their Bets

In related news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.71, for a total value of $111,768.00. Following the sale, the insider now directly owns 38,574 shares of the company’s stock, valued at $5,389,173.54. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $139.71, for a total transaction of $111,768.00. Following the sale, the insider now owns 38,574 shares of the company’s stock, valued at $5,389,173.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $140.26, for a total transaction of $350,650.00. Following the transaction, the chief executive officer now directly owns 61,747 shares of the company’s stock, valued at approximately $8,660,634.22. The disclosure for this sale can be found here. Insiders sold 27,070 shares of company stock worth $3,963,638 over the last three months. Company insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on EA shares. Jefferies Financial Group initiated coverage on shares of Electronic Arts in a research report on Thursday, July 11th. They set a “buy” rating and a $165.00 price target on the stock. Stifel Nicolaus boosted their price target on shares of Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Roth Mkm upped their price target on shares of Electronic Arts from $135.00 to $152.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. StockNews.com upgraded Electronic Arts from a “hold” rating to a “buy” rating in a report on Wednesday, June 26th. Finally, Citigroup lowered Electronic Arts from a “buy” rating to a “neutral” rating and boosted their target price for the company from $148.00 to $161.00 in a research note on Monday, July 15th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Electronic Arts has an average rating of “Moderate Buy” and an average price target of $161.28.

Electronic Arts Stock Down 0.8 %

Shares of Electronic Arts stock opened at $145.91 on Friday. The company’s fifty day simple moving average is $145.55 and its two-hundred day simple moving average is $137.54. Electronic Arts Inc. has a 12-month low of $117.47 and a 12-month high of $153.51. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. The company has a market cap of $38.77 billion, a P/E ratio of 31.18, a PEG ratio of 2.28 and a beta of 0.79.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, August 28th. Electronic Arts’s payout ratio is currently 16.24%.

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.