Ferguson Wellman Capital Management Inc. Has $542,000 Holdings in Electronic Arts Inc. $EA

Ferguson Wellman Capital Management Inc. lessened its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 22.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 3,395 shares of the game software company’s stock after selling 990 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Electronic Arts were worth $542,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Electronic Arts by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company’s stock valued at $4,198,607,000 after purchasing an additional 150,438 shares during the period. Independent Franchise Partners LLP boosted its holdings in shares of Electronic Arts by 2.3% during the 1st quarter. Independent Franchise Partners LLP now owns 3,945,702 shares of the game software company’s stock worth $570,233,000 after buying an additional 88,767 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Electronic Arts by 15.6% during the 1st quarter. Invesco Ltd. now owns 3,733,481 shares of the game software company’s stock worth $539,563,000 after buying an additional 504,760 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Electronic Arts by 62.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company’s stock worth $470,197,000 after buying an additional 1,254,194 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Electronic Arts by 197.5% during the 1st quarter. Ameriprise Financial Inc. now owns 2,916,693 shares of the game software company’s stock worth $421,524,000 after buying an additional 1,936,313 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Activity

In other news, CFO Stuart Canfield sold 1,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $171.06, for a total transaction of $171,060.00. Following the completion of the sale, the chief financial officer directly owned 15,140 shares of the company’s stock, valued at $2,589,848.40. This trade represents a 6.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $171.52, for a total value of $205,824.00. Following the sale, the insider directly owned 34,731 shares of the company’s stock, valued at approximately $5,957,061.12. This represents a 3.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,800 shares of company stock worth $4,214,010. 0.24% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

EA has been the topic of a number of recent research reports. UBS Group set a $167.00 target price on Electronic Arts and gave the stock a “neutral” rating in a report on Friday, August 1st. Bank of America increased their target price on Electronic Arts from $166.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Wedbush reiterated an “outperform” rating and issued a $210.00 target price on shares of Electronic Arts in a report on Monday, August 25th. Arete Research set a $192.00 target price on Electronic Arts in a report on Tuesday, August 5th. Finally, Arete upgraded Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 target price on the stock in a report on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat, Electronic Arts currently has a consensus rating of “Moderate Buy” and an average price target of $167.40.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $173.17 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. The stock’s fifty day simple moving average is $164.59 and its two-hundred day simple moving average is $152.85. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $180.90. The stock has a market cap of $43.33 billion, a PE ratio of 43.40, a price-to-earnings-growth ratio of 2.64 and a beta of 0.75.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.05%.

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.