Fiduciary Group LLC Reduces Position in Electronic Arts Inc. (NASDAQ:EA)

Fiduciary Group LLC decreased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 2.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,137 shares of the game software company’s stock after selling 959 shares during the quarter. Fiduciary Group LLC’s holdings in Electronic Arts were worth $6,150,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Electronic Arts by 14.7% in the 1st quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock worth $3,868,620,000 after purchasing an additional 3,727,251 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Electronic Arts by 496.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock valued at $333,169,000 after buying an additional 2,090,504 shares during the last quarter. Norges Bank bought a new stake in Electronic Arts in the fourth quarter valued at about $281,054,000. Swedbank AB bought a new position in Electronic Arts during the 1st quarter worth approximately $201,935,000. Finally, Jericho Capital Asset Management L.P. bought a new position in Electronic Arts during the 1st quarter worth approximately $189,055,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

EA stock opened at $145.83 on Friday. The firm has a 50 day moving average of $146.26 and a two-hundred day moving average of $137.63. Electronic Arts Inc. has a 12 month low of $117.47 and a 12 month high of $153.51. The company has a market capitalization of $38.53 billion, a price-to-earnings ratio of 31.16, a P/E/G ratio of 1.97 and a beta of 0.79. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. As a group, equities analysts anticipate that Electronic Arts Inc. will post 5.89 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, August 28th. This represents a $0.76 annualized dividend and a yield of 0.52%. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on EA shares. Morgan Stanley upped their price target on Electronic Arts from $140.00 to $150.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Oppenheimer increased their target price on shares of Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. JPMorgan Chase & Co. lifted their price target on shares of Electronic Arts from $148.00 to $155.00 and gave the company a “neutral” rating in a report on Monday, July 15th. The Goldman Sachs Group increased their price objective on shares of Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, TD Cowen upped their target price on Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $161.28.

Insider Activity

In other news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total value of $151,700.00. Following the sale, the insider now directly owns 30,190 shares of the company’s stock, valued at $4,579,823. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total value of $151,700.00. Following the sale, the insider now owns 30,190 shares in the company, valued at $4,579,823. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $149.32, for a total transaction of $223,980.00. Following the transaction, the executive vice president now owns 27,860 shares of the company’s stock, valued at $4,160,055.20. The disclosure for this sale can be found here. Insiders have sold a total of 27,070 shares of company stock valued at $3,963,638 over the last 90 days. 0.22% of the stock is currently owned by company insiders.

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.