Seizert Capital Partners LLC Sells 29,202 Shares of Electronic Arts Inc. (NASDAQ:EA)

Seizert Capital Partners LLC lowered its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 50.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,186 shares of the game software company’s stock after selling 29,202 shares during the quarter. Seizert Capital Partners LLC’s holdings in Electronic Arts were worth $4,270,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Assetmark Inc. raised its position in Electronic Arts by 5.1% during the fourth quarter. Assetmark Inc. now owns 15,875 shares of the game software company’s stock worth $2,323,000 after acquiring an additional 766 shares in the last quarter. Cookson Peirce & Co. Inc. acquired a new stake in Electronic Arts in the fourth quarter valued at about $2,332,000. Victory Capital Management Inc. lifted its stake in Electronic Arts by 6.3% in the 4th quarter. Victory Capital Management Inc. now owns 245,911 shares of the game software company’s stock valued at $35,977,000 after purchasing an additional 14,480 shares during the last quarter. Mainstream Capital Management LLC bought a new position in Electronic Arts in the fourth quarter valued at about $78,000. Finally, Commerzbank Aktiengesellschaft FI raised its stake in shares of Electronic Arts by 17.2% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 1,703 shares of the game software company’s stock valued at $250,000 after acquiring an additional 250 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on EA shares. Robert W. Baird decreased their price objective on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research report on Thursday, January 23rd. BNP Paribas downgraded Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research note on Monday, January 27th. Wedbush reaffirmed an “outperform” rating and set a $173.00 target price on shares of Electronic Arts in a research report on Thursday, January 23rd. Stifel Nicolaus decreased 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. Finally, StockNews.com cut Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $154.78.

Electronic Arts Stock Up 2.0 %

EA stock opened at $131.82 on Wednesday. The stock has a fifty day moving average of $134.37 and a 200-day moving average of $145.47. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The company has a market capitalization of $34.35 billion, a price-to-earnings ratio of 33.54, a PEG ratio of 3.58 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, equities research analysts predict that Electronic Arts Inc. will post 4.71 earnings per share 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 issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.58%. Electronic Arts’s payout ratio is 19.34%.

Insiders Place Their Bets

In related news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $148.00, for a total transaction of $740,000.00. Following the completion of the transaction, the chief executive officer now directly owns 47,615 shares in the company, valued at $7,047,020. The trade was a 9.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stuart Canfield sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $130.11, for a total value of $130,110.00. Following the completion of the sale, the chief financial officer now directly owns 9,516 shares in the company, valued at approximately $1,238,126.76. The trade was a 9.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,500 shares of company stock worth $3,428,645 over the last 90 days. Corporate insiders own 0.22% of the company’s stock.

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.