Raymond James Trust N.A. Has $963,000 Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Raymond James Trust N.A. decreased its position in Electronic Arts Inc. (NASDAQ:EA) by 5.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,712 shares of the game software company’s stock after selling 413 shares during the period. Raymond James Trust N.A.’s holdings in Electronic Arts were worth $963,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its stake in Electronic Arts by 496.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock worth $333,169,000 after purchasing an additional 2,090,504 shares during the period. Swedbank AB acquired a new position in Electronic Arts in the 1st quarter worth $201,935,000. Manning & Napier Advisors LLC acquired a new position in Electronic Arts in the 2nd quarter worth $188,159,000. D. E. Shaw & Co. Inc. boosted its stake in Electronic Arts by 43.3% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,390,418 shares of the game software company’s stock worth $193,727,000 after purchasing an additional 420,382 shares during the period. Finally, National Bank of Canada FI boosted its stake in Electronic Arts by 214.8% in the 2nd quarter. National Bank of Canada FI now owns 533,548 shares of the game software company’s stock worth $73,264,000 after purchasing an additional 364,044 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Down 0.8 %

Shares of EA opened at $166.67 on Monday. The firm’s 50-day simple moving average is $149.36 and its 200 day simple moving average is $143.97. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $168.50. The firm has a market cap of $43.71 billion, a P/E ratio of 42.85, a price-to-earnings-growth ratio of 2.19 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.46%. Electronic Arts’s payout ratio is presently 19.54%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. StockNews.com raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Robert W. Baird boosted their price target on shares of Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Argus boosted their price target on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Roth Mkm boosted their price target on shares of Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Benchmark reaffirmed a “buy” rating and issued a $163.00 target price on shares of Electronic Arts in a report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $165.37.

Insiders Place Their Bets

In related news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $141.50, for a total transaction of $353,750.00. Following the sale, the chief executive officer now owns 54,247 shares in the company, valued at approximately $7,675,950.50. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 7,384 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the sale, the insider now owns 31,190 shares in the company, valued at $4,675,692.90. This represents a 19.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,884 shares of company stock worth $4,404,435 in the last quarter. Corporate insiders own 0.22% of the company’s stock.

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.