Financiere des Professionnels Fonds d investissement inc. Acquires 9,488 Shares of Electronic Arts Inc. (NASDAQ:EA)

Financiere des Professionnels Fonds d investissement inc. boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 43.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,463 shares of the game software company's stock after purchasing an additional 9,488 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.'s holdings in Electronic Arts were worth $4,603,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in EA. Ashton Thomas Securities LLC acquired a new position in Electronic Arts in the third quarter worth about $25,000. Pinnacle Bancorp Inc. grew its position in shares of Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock worth $29,000 after acquiring an additional 117 shares in the last quarter. Reston Wealth Management LLC acquired a new position in shares of Electronic Arts in the 3rd quarter worth approximately $36,000. Larson Financial Group LLC grew its position in shares of Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock worth $42,000 after acquiring an additional 70 shares in the last quarter. Finally, SJS Investment Consulting Inc. boosted its holdings in Electronic Arts by 1,458.3% in the fourth quarter. SJS Investment Consulting Inc. now owns 374 shares of the game software company's stock worth $55,000 after purchasing an additional 350 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the business's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $156.27, for a total value of $234,405.00. Following the completion of the sale, the executive vice president now owns 24,886 shares of the company's stock, valued at $3,888,935.22. The trade was a 5.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $148.00, for a total value of $740,000.00. Following the sale, the chief executive officer now owns 47,615 shares of the company's stock, valued at approximately $7,047,020. This trade represents a 9.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,500 shares of company stock worth $2,812,285 in the last three months. 0.22% of the stock is owned by insiders.

Electronic Arts Stock Up 0.5 %

Shares of EA traded up $0.65 during trading hours on Thursday, reaching $129.99. The company's stock had a trading volume of 3,815,930 shares, compared to its average volume of 4,214,559. The company has a 50 day moving average of $138.27 and a two-hundred day moving average of $146.45. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm has a market cap of $33.88 billion, a price-to-earnings ratio of 33.08, a P/E/G ratio of 3.51 and a beta of 0.79. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share 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%. As a group, research analysts predict that Electronic Arts Inc. will post 4.75 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Wednesday, February 26th. Electronic Arts's dividend payout ratio (DPR) is presently 19.34%.

Analyst Ratings Changes

EA has been the subject of a number of research reports. BMO Capital Markets decreased their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. Moffett Nathanson upgraded Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 target price for the company in a research note on Friday, January 31st. BNP Paribas downgraded Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 target price for the company. in a research note on Monday, January 27th. UBS Group boosted their price objective on Electronic Arts from $155.00 to $160.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Finally, Citigroup reduced their price objective on Electronic Arts from $163.00 to $139.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Thirteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, Electronic Arts has an average rating of "Hold" and a consensus target price of $154.55.

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.