Cypress Capital Group Sells 1,664 Shares of Electronic Arts Inc. (NASDAQ:EA)

Cypress Capital Group trimmed its position in Electronic Arts Inc. (NASDAQ:EA) by 30.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,841 shares of the game software company’s stock after selling 1,664 shares during the period. Cypress Capital Group’s holdings in Electronic Arts were worth $562,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in Electronic Arts during the 3rd quarter worth approximately $25,000. Pinnacle Bancorp Inc. increased its holdings in Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in Electronic Arts during the 4th quarter worth approximately $32,000. SBI Securities Co. Ltd. bought a new stake in Electronic Arts during the 4th quarter worth approximately $41,000. Finally, Larson Financial Group LLC increased its holdings in Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after purchasing an additional 70 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Insider Activity at Electronic Arts

In related news, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $148.18, for a total value of $148,180.00. Following the transaction, the chief financial officer now owns 8,750 shares of the company’s stock, valued at $1,296,575. This represents a 10.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $156.27, for a total value of $234,405.00. Following the transaction, the executive vice president now directly owns 24,886 shares in the company, valued at $3,888,935.22. This trade represents a 5.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,500 shares of company stock valued at $3,428,645 over the last 90 days. 0.22% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Robert W. Baird decreased their price objective on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, January 23rd. Citigroup reduced their target price on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Argus upped their target price on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, November 7th. BMO Capital Markets reduced their target price on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Finally, Stifel Nicolaus reduced their target price on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $154.78.

Electronic Arts Trading Up 1.7 %

NASDAQ:EA opened at $134.05 on Thursday. The company has a market cap of $34.94 billion, a P/E ratio of 34.11, a P/E/G ratio of 3.58 and a beta of 0.79. The stock’s fifty day moving average price is $134.07 and its two-hundred day moving average price is $145.39. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.57%. Electronic Arts’s dividend payout ratio is presently 19.34%.

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.