Bank of Montreal Can Has $44.97 Million Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Bank of Montreal Can decreased its position in Electronic Arts Inc. (NASDAQ:EA) by 0.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 319,671 shares of the game software company’s stock after selling 1,016 shares during the period. Bank of Montreal Can’s holdings in Electronic Arts were worth $44,971,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in EA. BI Asset Management Fondsmaeglerselskab A S raised its holdings in 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 worth $3,327,000 after buying an additional 11,343 shares during the period. FORA Capital LLC raised its stake in shares of Electronic Arts by 209.7% in the 1st quarter. FORA Capital LLC now owns 45,985 shares of the game software company’s stock valued at $6,101,000 after purchasing an additional 31,136 shares during the period. Duality Advisers LP bought a new stake in shares of Electronic Arts in the first quarter valued at about $1,711,000. Scotia Capital Inc. boosted its position in shares of Electronic Arts by 99.4% during the fourth quarter. Scotia Capital Inc. now owns 17,338 shares of the game software company’s stock worth $2,372,000 after buying an additional 8,644 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of Electronic Arts by 13.5% during 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. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Down 0.1 %

EA stock opened at $141.48 on Thursday. The company has a market cap of $37.38 billion, a PE ratio of 30.23, a price-to-earnings-growth ratio of 1.91 and a beta of 0.79. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $153.51. The business has a 50-day simple moving average of $145.86 and a 200 day simple moving average of $137.84.

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

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.54%. Electronic Arts’s payout ratio is 16.24%.

Analysts Set New Price Targets

A number of research firms have weighed in on EA. Wedbush upped their price target on Electronic Arts from $162.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Jefferies Financial Group began coverage on shares of Electronic Arts in a research report on Thursday, July 11th. They issued a “buy” rating and a $165.00 target price for the company. BMO Capital Markets reissued an “outperform” rating and set a $154.00 price target on shares of Electronic Arts in a research report on Tuesday, July 30th. StockNews.com upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Finally, Bank of America increased their price objective on Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $161.94.

Insider Transactions at Electronic Arts

In related news, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $146.58, for a total value of $219,870.00. Following the sale, the executive vice president now directly owns 26,360 shares of the company’s stock, valued at $3,863,848.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $146.58, for a total value of $219,870.00. Following the completion of the transaction, the executive vice president now owns 26,360 shares of the company’s stock, valued at approximately $3,863,848.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total transaction of $151,700.00. Following the sale, the insider now directly owns 30,190 shares in the company, valued at approximately $4,579,823. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,570 shares of company stock valued at $3,621,343. Corporate 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.