2,172 Shares in Electronic Arts Inc. (NASDAQ:EA) Purchased by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC acquired a new position in shares of Electronic Arts Inc. (NASDAQ:EA) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,172 shares of the game software company’s stock, valued at approximately $297,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Knights of Columbus Asset Advisors LLC boosted its stake in shares of Electronic Arts by 0.3% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 34,102 shares of the game software company’s stock valued at $4,106,000 after buying an additional 86 shares during the period. Van Lanschot Kempen Investment Management N.V. boosted its stake in shares of Electronic Arts by 0.3% during the 3rd quarter. Van Lanschot Kempen Investment Management N.V. now owns 27,085 shares of the game software company’s stock valued at $3,261,000 after buying an additional 87 shares during the period. Beacon Pointe Advisors LLC boosted its stake in shares of Electronic Arts by 5.0% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 1,900 shares of the game software company’s stock valued at $246,000 after buying an additional 91 shares during the period. Mirador Capital Partners LP boosted its stake in shares of Electronic Arts by 2.9% during the 4th quarter. Mirador Capital Partners LP now owns 3,264 shares of the game software company’s stock valued at $447,000 after buying an additional 91 shares during the period. Finally, Whittier Trust Co. boosted its stake in shares of Electronic Arts by 4.1% during the 4th quarter. Whittier Trust Co. now owns 2,355 shares of the game software company’s stock valued at $322,000 after buying an additional 93 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Activity at Electronic Arts

In related news, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $128.21, for a total value of $128,210.00. Following the sale, the insider now owns 18,426 shares of the company’s stock, valued at $2,362,397.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $128.21, for a total value of $128,210.00. Following the transaction, the insider now directly owns 18,426 shares in the company, valued at $2,362,397.46. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $137.43, for a total transaction of $109,944.00. Following the completion of the transaction, the insider now owns 28,683 shares in the company, valued at $3,941,904.69. The disclosure for this sale can be found here. Insiders have sold a total of 37,144 shares of company stock valued at $5,143,560 over the last quarter. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

EA has been the subject of a number of research reports. Benchmark reissued a “buy” rating and set a $153.00 target price on shares of Electronic Arts in a research note on Thursday. BMO Capital Markets started coverage on shares of Electronic Arts in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price objective for the company. UBS Group reduced their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research note on Wednesday, March 27th. Wedbush reaffirmed an “outperform” rating and issued a $162.00 price objective on shares of Electronic Arts in a research note on Wednesday, January 31st. Finally, Stifel Nicolaus lifted their price objective on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $147.00.

Electronic Arts Stock Performance

NASDAQ:EA opened at $127.27 on Friday. The firm’s 50-day moving average is $134.75 and its 200-day moving average is $134.30. Electronic Arts Inc. has a 52-week low of $117.47 and a 52-week high of $144.53. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market cap of $34.03 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 1.74 and a beta of 0.76.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the firm posted $2.29 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities research analysts anticipate that Electronic Arts Inc. will post 5.36 earnings per share for the current year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.60%. Electronic Arts’s payout ratio is currently 19.14%.

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.