Fidelis Capital Partners LLC Has $257,000 Stake in Electronic Arts Inc. (NASDAQ:EA)

Fidelis Capital Partners LLC reduced its holdings in Electronic Arts Inc. (NASDAQ:EA) by 8.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,758 shares of the game software company’s stock after selling 171 shares during the period. Fidelis Capital Partners LLC’s holdings in Electronic Arts were worth $257,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swedbank AB grew its position in shares of Electronic Arts by 6.3% during the 4th 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 period. Atomi Financial Group Inc. bought a new position in Electronic Arts during the 4th quarter worth approximately $217,000. Huntington National Bank grew its holdings in Electronic Arts by 983.4% during the third quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock valued at $36,993,000 after purchasing an additional 234,098 shares during the period. Fisher Funds Management LTD bought a new stake in Electronic Arts in the fourth quarter valued at approximately $3,730,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in Electronic Arts in the fourth quarter worth $13,845,000. 90.23% of the stock is owned by institutional investors.

Electronic Arts Trading Up 2.0 %

Electronic Arts stock opened at $131.82 on Wednesday. The company has a market cap of $34.35 billion, a price-to-earnings ratio of 33.54, a P/E/G ratio of 3.58 and a beta of 0.79. The firm has a 50-day moving average of $134.37 and a 200-day moving average of $145.47. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 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%. On average, equities analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 0.58%. Electronic Arts’s dividend payout ratio is presently 19.34%.

Insider Buying and Selling

In other news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total value of $327,075.00. Following the completion of the sale, the insider now directly owns 47,514 shares of the company’s stock, valued at $6,216,256.62. This trade represents a 5.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total value of $122,030.00. Following the transaction, the insider now directly owns 28,216 shares in the company, valued at $3,443,198.48. The trade was a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,500 shares of company stock worth $3,428,645. Insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EA. Raymond James cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Stifel Nicolaus lowered their price target on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Roth Mkm cut their price objective on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd. Wedbush reiterated an “outperform” rating and issued a $173.00 price objective on shares of Electronic Arts in a research report on Thursday, January 23rd. Finally, Moffett Nathanson upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Friday, January 31st. Thirteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.