Fidelis Capital Partners LLC Has $288,000 Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Fidelis Capital Partners LLC lessened its holdings in Electronic Arts Inc. (NASDAQ:EA) by 9.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,992 shares of the game software company’s stock after selling 199 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Electronic Arts were worth $288,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of EA. Vanguard Group Inc. increased its position in Electronic Arts by 14.7% during 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 in the last quarter. Capital International Investors increased its holdings in shares of Electronic Arts by 16.4% during the first quarter. Capital International Investors now owns 5,901,257 shares of the game software company’s stock worth $782,920,000 after buying an additional 833,492 shares in the last quarter. Ninety One UK Ltd lifted its stake in shares of Electronic Arts by 1.3% in the 2nd quarter. Ninety One UK Ltd now owns 4,283,539 shares of the game software company’s stock valued at $596,825,000 after acquiring an additional 53,237 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Electronic Arts by 0.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company’s stock valued at $583,162,000 after acquiring an additional 18,376 shares in the last quarter. Finally, FIL Ltd grew its position in Electronic Arts by 4.4% during the 4th quarter. FIL Ltd now owns 3,428,193 shares of the game software company’s stock worth $469,011,000 after acquiring an additional 145,466 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 7,384 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the transaction, the insider now owns 31,190 shares in the company, valued at $4,675,692.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Electronic Arts news, insider Vijayanthimala Singh sold 7,384 shares of Electronic Arts stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the transaction, the insider now owns 31,190 shares in the company, valued at approximately $4,675,692.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stuart Canfield sold 3,000 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $145.00, for a total value of $435,000.00. Following the completion of the sale, the chief financial officer now directly owns 7,553 shares of the company’s stock, valued at $1,095,185. The disclosure for this sale can be found here. Insiders sold a total of 24,570 shares of company stock worth $3,621,343 over the last quarter. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Stock Performance

NASDAQ:EA opened at $141.07 on Tuesday. 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 Inc. has a twelve month low of $117.47 and a twelve month high of $153.51. The company has a fifty day moving average of $146.07 and a 200-day moving average of $137.77. The firm has a market capitalization of $37.49 billion, a P/E ratio of 30.14, a P/E/G ratio of 1.97 and a beta of 0.79.

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

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were paid a $0.19 dividend. The ex-dividend date was Wednesday, August 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Wall Street Analysts Forecast Growth

Several research firms have commented on EA. TD Cowen lifted their price target on Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Stifel Nicolaus lifted their target price on shares of Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets reaffirmed an “outperform” rating and set a $154.00 price target on shares of Electronic Arts in a research note on Tuesday, July 30th. Jefferies Financial Group initiated coverage on shares of Electronic Arts in a report on Thursday, July 11th. They set a “buy” rating and a $165.00 price target on the stock. Finally, Wedbush increased their price objective on Electronic Arts from $162.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Electronic Arts has a consensus rating of “Moderate Buy” and an average target price of $161.94.

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.