Fiduciary Group LLC Has $6.20 Million Stake in Electronic Arts Inc. (NASDAQ:EA)

Fiduciary Group LLC cut its holdings in Electronic Arts Inc. (NASDAQ:EA) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,372 shares of the game software company’s stock after selling 1,346 shares during the quarter. Fiduciary Group LLC’s holdings in Electronic Arts were worth $6,199,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in shares of Electronic Arts by 0.4% in the third quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock worth $954,358,000 after buying an additional 26,505 shares during the last quarter. Amundi lifted its holdings in Electronic Arts by 4.3% in the 4th quarter. Amundi now owns 2,990,729 shares of the game software company’s stock worth $431,315,000 after purchasing an additional 122,494 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Electronic Arts by 1.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,789,283 shares of the game software company’s stock worth $261,772,000 after purchasing an additional 23,289 shares during the last quarter. Swedbank AB lifted its stake in shares of Electronic Arts by 6.3% in the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after buying an additional 95,190 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Electronic Arts by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company’s stock worth $213,089,000 after buying an additional 36,153 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Trading Up 0.1 %

Shares of EA opened at $141.97 on Thursday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The stock has a 50 day simple moving average of $132.71 and a 200-day simple moving average of $144.71. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The stock has a market cap of $37.00 billion, a PE ratio of 36.12, a PEG ratio of 3.58 and a beta of 0.78.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. On average, sell-side analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts’s payout ratio is 19.34%.

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $148.00, for a total transaction of $740,000.00. Following the transaction, the chief executive officer now directly owns 47,615 shares in the company, valued at approximately $7,047,020. This represents a 9.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total transaction of $147,570.00. Following the sale, the insider now directly owns 29,216 shares in the company, valued at $4,311,405.12. This trade represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,000 shares of company stock valued at $3,194,240. Corporate insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

EA has been the subject of a number of research analyst reports. BMO Capital Markets cut their target price on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. BNP Paribas cut Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research report on Monday, January 27th. Ascendiant Capital Markets boosted their price objective on Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Citigroup cut their price target on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Finally, Moffett Nathanson upgraded Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price target for the company in a report on Friday, January 31st. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $154.78.

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.