Gallacher Capital Management LLC Has $442,000 Holdings in Electronic Arts Inc. $EA

Gallacher Capital Management LLC raised its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 24.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,770 shares of the game software company’s stock after purchasing an additional 548 shares during the period. Gallacher Capital Management LLC’s holdings in Electronic Arts were worth $442,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Putney Financial Group LLC bought a new position in Electronic Arts during the 4th quarter valued at $26,000. Opal Wealth Advisors LLC bought a new position in shares of Electronic Arts during the first quarter valued at about $28,000. Bank of Jackson Hole Trust boosted its holdings in Electronic Arts by 56.4% during the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after purchasing an additional 75 shares during the last quarter. Wayfinding Financial LLC bought a new stake in Electronic Arts in the 1st quarter worth about $39,000. Finally, American National Bank & Trust bought a new stake in Electronic Arts in the 1st quarter worth about $40,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total transaction of $855,250.00. Following the completion of the transaction, the chief executive officer owned 52,393 shares of the company’s stock, valued at approximately $8,961,822.65. The trade was a 8.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stuart Canfield sold 1,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer owned 15,140 shares in the company, valued at approximately $2,589,848.40. This trade represents a 6.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,800 shares of company stock worth $4,967,210. Company insiders own 0.24% of the company’s stock.

Electronic Arts Trading Down 0.4%

Electronic Arts stock opened at $171.76 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $180.90. The stock has a market cap of $42.98 billion, a P/E ratio of 43.05, a PEG ratio of 2.22 and a beta of 0.75. The firm’s fifty day moving average price is $163.35 and its 200-day moving average price is $152.27.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th will be issued a $0.19 dividend. The ex-dividend date of this dividend is 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 presently 19.05%.

Analyst Ratings Changes

EA has been the topic of a number of research analyst reports. Arete upgraded Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 target price on the stock in a research note on Tuesday, August 5th. Bank of America upped their price objective on Electronic Arts from $166.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Roth Capital raised Electronic Arts from a “neutral” rating to a “buy” rating and raised their target price for the company from $175.00 to $185.00 in a research report on Tuesday, June 24th. Wells Fargo & Company set a $168.00 price target on shares of Electronic Arts and gave the stock an “equal weight” rating in a report on Monday, July 28th. Finally, UBS Group set a $167.00 price target on shares of Electronic Arts and gave the company a “neutral” rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to MarketBeat, Electronic Arts presently has an average rating of “Moderate Buy” and a consensus price target of $167.12.

About Electronic Arts

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.