Quilter Plc Reduces Stake in Electronic Arts Inc. (NASDAQ:EA)

Quilter Plc reduced its position in Electronic Arts Inc. (NASDAQ:EA) by 5.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,160 shares of the game software company’s stock after selling 2,948 shares during the period. Quilter Plc’s holdings in Electronic Arts were worth $7,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in Electronic Arts in the 3rd quarter worth $25,000. Pinnacle Bancorp Inc. raised its holdings in Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after acquiring an additional 117 shares during the period. Reston Wealth Management LLC bought a new stake in Electronic Arts during the third quarter valued at about $36,000. Larson Financial Group LLC raised its holdings in Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after acquiring an additional 70 shares during the period. Finally, SJS Investment Consulting Inc. raised its holdings in Electronic Arts by 1,458.3% during the fourth quarter. SJS Investment Consulting Inc. now owns 374 shares of the game software company’s stock valued at $55,000 after acquiring an additional 350 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $163.30, for a total transaction of $244,950.00. Following the completion of the sale, the executive vice president now owns 23,360 shares in the company, valued at approximately $3,814,688. This represents a 6.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the sale, the chief executive officer now owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. This represents a 8.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,000 shares of company stock valued at $3,889,585 over the last quarter. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Trading Down 2.6 %

EA opened at $128.60 on Monday. The firm has a market cap of $33.52 billion, a P/E ratio of 32.72, a P/E/G ratio of 2.74 and a beta of 0.79. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The company has a current ratio of 1.38, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average of $143.99 and a 200 day moving average of $147.41.

Electronic Arts (NASDAQ:EA) last announced its earnings results 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 net margin of 14.28% and a return on equity of 17.80%. As a group, research analysts forecast that Electronic Arts Inc. will post 4.99 EPS for the current year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 0.59%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EA. StockNews.com cut Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 5th. BNP Paribas cut Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target on the stock. in a report on Monday, January 27th. Moffett Nathanson raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a report on Friday, January 31st. DZ Bank upgraded Electronic Arts from a “hold” rating to a “buy” rating and raised their price objective for the company from $135.00 to $177.00 in a research report on Thursday, October 31st. Finally, Robert W. Baird cut their price objective on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research report on Thursday, January 23rd. Twelve investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Electronic Arts has an average rating of “Hold” and a consensus price target of $155.24.

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.