Quilter Plc Has $7.34 Million Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Quilter Plc reduced its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,160 shares of the game software company's stock after selling 2,948 shares during the quarter. Quilter Plc's holdings in Electronic Arts were worth $7,338,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of EA. Sanctuary Advisors LLC acquired a new position in Electronic Arts during the second quarter worth $749,000. Mather Group LLC. raised its stake in Electronic Arts by 18.5% during the third quarter. Mather Group LLC. now owns 1,024 shares of the game software company's stock worth $147,000 after acquiring an additional 160 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new position in Electronic Arts during the third quarter worth $216,000. CWM LLC raised its stake in Electronic Arts by 1.5% during the third quarter. CWM LLC now owns 6,302 shares of the game software company's stock worth $904,000 after acquiring an additional 95 shares in the last quarter. Finally, Wedmont Private Capital raised its stake in Electronic Arts by 5.5% during the third quarter. Wedmont Private Capital now owns 2,318 shares of the game software company's stock worth $331,000 after acquiring an additional 120 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $164.45, for a total transaction of $164,450.00. Following the transaction, the insider now owns 30,216 shares in the company, valued at $4,969,021.20. The trade was a 3.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $163.30, for a total value of $244,950.00. Following the transaction, the executive vice president now owns 23,360 shares in the company, valued at $3,814,688. This trade represents a 6.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,000 shares of company stock worth $3,889,585 in the last 90 days. Corporate insiders own 0.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EA shares. Stifel Nicolaus lowered their target price on Electronic Arts from $167.00 to $159.00 and set a "hold" rating for the company in a research note on Tuesday, January 21st. BMO Capital Markets lowered their target price on Electronic Arts from $145.00 to $142.00 and set a "market perform" rating for the company in a research note 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. Argus raised their target price on Electronic Arts from $161.00 to $183.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Finally, StockNews.com lowered Electronic Arts from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 5th. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, Electronic Arts has a consensus rating of "Hold" and a consensus price target of $155.24.

Electronic Arts Trading Down 1.0 %

EA traded down $1.35 during midday trading on Thursday, reaching $129.82. 3,087,690 shares of the company were exchanged, compared to its average volume of 4,331,786. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.38. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The stock has a market capitalization of $33.83 billion, a P/E ratio of 33.03, a PEG ratio of 2.74 and a beta of 0.79. The stock's 50-day simple moving average is $141.18 and its 200 day simple moving average is $147.02.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) 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, analysts forecast that Electronic Arts Inc. will post 4.99 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Wednesday, February 26th. Electronic Arts's dividend payout ratio (DPR) is presently 19.34%.

About Electronic Arts

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.