Boston Trust Walden Corp Sells 1,298 Shares of Electronic Arts Inc. (NASDAQ:EA)

Boston Trust Walden Corp lessened its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,487 shares of the game software company’s stock after selling 1,298 shares during the quarter. Boston Trust Walden Corp’s holdings in Electronic Arts were worth $10,684,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of EA. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Electronic Arts by 82.6% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company’s stock valued at $3,327,000 after purchasing an additional 11,343 shares during the period. FORA Capital LLC increased its position in shares of Electronic Arts by 209.7% during the first quarter. FORA Capital LLC now owns 45,985 shares of the game software company’s stock valued at $6,101,000 after buying an additional 31,136 shares during the period. Duality Advisers LP bought a new stake in shares of Electronic Arts during the first quarter valued at about $1,711,000. State Board of Administration of Florida Retirement System lifted its holdings in shares of Electronic Arts by 13.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 348,670 shares of the game software company’s stock worth $46,258,000 after buying an additional 41,567 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Electronic Arts by 14.7% in the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after acquiring an additional 3,727,251 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

EA has been the topic of a number of analyst reports. Benchmark reaffirmed a “buy” rating and set a $163.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. Wedbush reaffirmed an “outperform” rating and issued a $170.00 price target on shares of Electronic Arts in a report on Friday. Robert W. Baird reissued an “outperform” rating and set a $170.00 price objective on shares of Electronic Arts in a research note on Thursday, September 19th. Bank of America upped their target price on Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, BNP Paribas upgraded Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $162.76.

Electronic Arts Trading Up 0.1 %

NASDAQ EA opened at $145.20 on Friday. The stock has a 50-day moving average of $145.01 and a 200-day moving average of $139.58. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 1-year low of $119.92 and a 1-year high of $153.51. The firm has a market cap of $38.36 billion, a PE ratio of 34.16, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. As a group, sell-side analysts forecast that Electronic Arts Inc. will post 5.93 EPS for the current year.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Wednesday, August 28th. Electronic Arts’s dividend payout ratio (DPR) is 17.88%.

Insider Transactions at Electronic Arts

In other news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $144.72, for a total value of $217,080.00. Following the sale, the executive vice president now directly owns 24,860 shares in the company, valued at approximately $3,597,739.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $144.72, for a total value of $217,080.00. Following the completion of the sale, the executive vice president now directly owns 24,860 shares of the company’s stock, valued at approximately $3,597,739.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 7,384 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the sale, the insider now directly owns 31,190 shares in the company, valued at approximately $4,675,692.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,270 shares of company stock worth $3,287,735. Company insiders own 0.22% 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.