Electronic Arts Inc. (NASDAQ:EA) Position Trimmed by Fiera Capital Corp

Fiera Capital Corp lowered its stake in Electronic Arts Inc. (NASDAQ:EA) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,025 shares of the game software company’s stock after selling 325 shares during the period. Fiera Capital Corp’s holdings in Electronic Arts were worth $687,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of EA. New Mexico Educational Retirement Board raised its holdings in shares of Electronic Arts by 7.1% during the third quarter. New Mexico Educational Retirement Board now owns 13,563 shares of the game software company’s stock valued at $1,633,000 after acquiring an additional 900 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Electronic Arts by 4.9% in the third quarter. Daiwa Securities Group Inc. now owns 43,142 shares of the game software company’s stock worth $5,194,000 after buying an additional 2,025 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Electronic Arts by 19.0% in the third quarter. Nisa Investment Advisors LLC now owns 122,034 shares of the game software company’s stock worth $14,693,000 after buying an additional 19,512 shares during the period. Empirical Finance LLC grew its holdings in shares of Electronic Arts by 8.9% during the third quarter. Empirical Finance LLC now owns 9,362 shares of the game software company’s stock valued at $1,127,000 after buying an additional 762 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its stake in Electronic Arts by 6.6% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,532 shares of the game software company’s stock worth $666,000 after acquiring an additional 342 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Electronic Arts from $153.00 to $150.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. Robert W. Baird decreased their target price on shares of Electronic Arts from $160.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. UBS Group dropped their price target on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 27th. BMO Capital Markets reduced their price objective on Electronic Arts from $160.00 to $154.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $162.00 target price on shares of Electronic Arts in a research report on Wednesday, May 8th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $147.00.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $139.08, for a total value of $111,264.00. Following the completion of the sale, the insider now directly owns 27,883 shares of the company’s stock, valued at $3,877,967.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $139.08, for a total transaction of $111,264.00. Following the transaction, the insider now owns 27,883 shares in the company, valued at approximately $3,877,967.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $127.15, for a total transaction of $127,150.00. Following the completion of the sale, the executive vice president now owns 17,426 shares of the company’s stock, valued at approximately $2,215,715.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,272 shares of company stock worth $4,404,369. Company insiders own 0.20% of the company’s stock.

Electronic Arts Stock Performance

NASDAQ:EA opened at $127.75 on Friday. The firm has a market capitalization of $34.15 billion, a PE ratio of 27.30, a PEG ratio of 2.03 and a beta of 0.78. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $144.53. The company has a current ratio of 1.37, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The firm’s fifty day simple moving average is $129.88 and its 200 day simple moving average is $134.60.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 29th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Wednesday, May 29th. Electronic Arts’s dividend payout ratio is currently 16.24%.

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.