Ferguson Wellman Capital Management Inc. raised its stake in Electronic Arts Inc. (NASDAQ:EA) by 2.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 254,660 shares of the game software company’s stock after buying an additional 4,990 shares during the period. Ferguson Wellman Capital Management Inc. owned approximately 0.09% of Electronic Arts worth $25,787,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of EA. Icon Wealth Partners LLC acquired a new stake in shares of Electronic Arts in the first quarter valued at approximately $28,000. Valeo Financial Advisors LLC acquired a new stake in Electronic Arts during the second quarter worth approximately $28,000. North Star Investment Management Corp. acquired a new stake in Electronic Arts during the first quarter worth approximately $29,000. Ropes Wealth Advisors LLC acquired a new stake in Electronic Arts during the first quarter worth approximately $34,000. Finally, Berman Capital Advisors LLC boosted its position in Electronic Arts by 70.6% during the first quarter. Berman Capital Advisors LLC now owns 343 shares of the game software company’s stock worth $34,000 after acquiring an additional 142 shares during the last quarter. 93.70% of the stock is owned by institutional investors.
In related news, CMO Chris Bruzzo sold 6,000 shares of Electronic Arts stock in a transaction on Friday, June 28th. The shares were sold at an average price of $100.74, for a total transaction of $604,440.00. Following the sale, the chief marketing officer now owns 45,771 shares of the company’s stock, valued at approximately $4,610,970.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Blake J. Jorgensen sold 5,200 shares of Electronic Arts stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $91.79, for a total transaction of $477,308.00. Following the sale, the chief financial officer now directly owns 111,379 shares in the company, valued at approximately $10,223,478.41. The disclosure for this sale can be found here. In the last three months, insiders sold 102,544 shares of company stock worth $10,006,838. Insiders own 2.18% of the company’s stock.
A number of analysts recently issued reports on the stock. William Blair restated a “market perform” rating on shares of Luminex in a research report on Tuesday, May 7th. Stifel Nicolaus lowered shares of Viveve Medical from a “buy” rating to a “hold” rating and decreased their target price for the stock from $3.00 to $1.00 in a research report on Monday. Nomura lowered shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research report on Thursday, June 6th. Bank of America lowered shares of Align Technology from a “buy” rating to a “neutral” rating in a research report on Thursday. Finally, Barclays restated a “sell” rating and set a $17.00 target price on shares of Infineon Technologies in a research report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. Electronic Arts presently has an average rating of “Buy” and an average price target of $113.41.
Shares of EA stock traded down $0.84 during mid-day trading on Thursday, reaching $88.94. The company’s stock had a trading volume of 216,462 shares, compared to its average volume of 3,998,872. The firm’s 50 day moving average is $94.17. Electronic Arts Inc. has a 12-month low of $73.91 and a 12-month high of $148.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.82 and a quick ratio of 2.82. The stock has a market cap of $26.17 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 1.41 and a beta of 1.04.
Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, May 7th. The game software company reported $1.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.43. Electronic Arts had a net margin of 20.59% and a return on equity of 22.62%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the firm posted $1.31 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities research analysts predict that Electronic Arts Inc. will post 3.79 EPS for the current fiscal year.
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. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.
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