Seizert Capital Partners LLC Has $4.27 Million Position in Electronic Arts Inc. (NASDAQ:EA)

Seizert Capital Partners LLC decreased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 50.0% during the 4th quarter, according to 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. boosted its position in shares of Electronic Arts by 5.1% in 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 during the last quarter. Cookson Peirce & Co. Inc. purchased a new stake in shares of Electronic Arts during the 4th quarter valued at $2,332,000. Victory Capital Management Inc. increased its holdings in shares of Electronic Arts by 6.3% during the 4th quarter. Victory Capital Management Inc. now owns 245,911 shares of the game software company's stock worth $35,977,000 after buying an additional 14,480 shares during the last quarter. Mainstream Capital Management LLC purchased a new position in shares of Electronic Arts in the 4th quarter worth $78,000. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in Electronic Arts by 17.2% in 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. Hedge funds and other institutional investors own 90.23% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts have weighed in on EA shares. Roth Mkm reduced their price target on shares of Electronic Arts from $158.00 to $134.00 and set a "neutral" rating on the stock in a research report on Thursday, January 23rd. BMO Capital Markets reduced their price target on Electronic Arts from $145.00 to $142.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 5th. Robert W. Baird lowered their price target on shares of Electronic Arts from $175.00 to $158.00 and set an "outperform" rating for the company in a report on Thursday, January 23rd. StockNews.com lowered shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 5th. Finally, DA Davidson started coverage on Electronic Arts in a research note on Wednesday, February 19th. They set a "neutral" rating and a $140.00 target price for the company. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Electronic Arts currently has a consensus rating of "Hold" and an average target price of $154.78.

Insider Activity

In related news, EVP Jacob J. Schatz sold 1,500 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $156.27, for a total transaction of $234,405.00. Following the completion of the transaction, the executive vice president now owns 24,886 shares of the company's stock, valued at $3,888,935.22. This trade represents a 5.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Stuart Canfield sold 1,000 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $130.11, for a total transaction of $130,110.00. Following the completion of the sale, the chief financial officer now owns 9,516 shares in the company, valued at approximately $1,238,126.76. This trade represents a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,500 shares of company stock valued at $3,428,645. Company insiders own 0.22% of the company's stock.

Electronic Arts Stock Performance

NASDAQ EA traded up $3.25 during trading hours on Friday, hitting $140.04. The company had a trading volume of 3,356,820 shares, compared to its average volume of 4,394,680. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The firm has a market cap of $36.50 billion, a P/E ratio of 35.63, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. 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 business has a fifty day simple moving average of $133.83 and a 200-day simple moving average of $145.33.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued 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%. Equities analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts's dividend payout ratio (DPR) is 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.