Seizert Capital Partners LLC Reduces Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Seizert Capital Partners LLC decreased its stake in Electronic Arts Inc. (NASDAQ:EA) by 50.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 have also modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in Electronic Arts in the 3rd quarter valued at $25,000. Pinnacle Bancorp Inc. boosted its stake in Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after acquiring an additional 117 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in Electronic Arts in the fourth quarter worth about $32,000. SBI Securities Co. Ltd. purchased a new position in shares of Electronic Arts in the 4th quarter valued at approximately $41,000. Finally, Larson Financial Group LLC boosted its position in Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after buying an additional 70 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 transaction, the executive vice president now owns 24,886 shares in the company, 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 document filed with the SEC, which is available through the SEC website. Also, CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, February 20th. The shares were 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 of the company’s stock, valued at $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. Insiders have sold a total of 24,500 shares of company stock valued at $3,428,645 over the last three months. Company insiders own 0.22% of the company’s stock.

Electronic Arts Stock Up 2.0 %

NASDAQ:EA opened at $131.82 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 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 50-day simple moving average of $134.37 and a 200 day simple moving average of $145.47. The company has a market capitalization of $34.35 billion, a price-to-earnings ratio of 33.54, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) 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%. Sell-side analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.58%. Electronic Arts’s payout ratio is 19.34%.

Analyst Ratings Changes

Several research firms recently issued reports on EA. Raymond James cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Moffett Nathanson upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Friday, January 31st. BMO Capital Markets cut their target price on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. StockNews.com cut Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. Finally, Benchmark lowered their price objective on shares of Electronic Arts from $163.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $154.78.

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.