Financiere des Professionnels Fonds d investissement inc. Raises Stock Position in Electronic Arts Inc. $EA

Key Points

• Financiere des Professionnels Fonds d’investissement inc. significantly increased its holdings in Electronic Arts Inc. by 191.1% in the second quarter, now owning 27,591 shares valued at approximately $4.41 million.
• Several institutional investors, including Ameriprise Financial and Goldman Sachs, have also made substantial increases to their stakes in Electronic Arts, contributing to hedge funds owning 90.23% of the company's stock.
• Electronic Arts declared a quarterly dividend of $0.19, with an annualized yield of 0.4%, as part of its recent financial disclosures.

Financiere des Professionnels Fonds d investissement inc. lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 191.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,591 shares of the game software company's stock after acquiring an additional 18,113 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.'s holdings in Electronic Arts were worth $4,406,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of EA. Focus Partners Advisor Solutions LLC acquired a new position in shares of Electronic Arts during the first quarter worth $319,000. CCM Investment Group LLC acquired a new position in shares of Electronic Arts during the first quarter worth $1,625,000. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Electronic Arts by 2.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 653,581 shares of the game software company's stock worth $94,456,000 after purchasing an additional 13,461 shares in the last quarter. Resona Asset Management Co. Ltd. grew its stake in shares of Electronic Arts by 5.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 105,892 shares of the game software company's stock worth $15,300,000 after purchasing an additional 5,275 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Electronic Arts by 4.4% during the first quarter. The Manufacturers Life Insurance Company now owns 162,571 shares of the game software company's stock worth $23,495,000 after purchasing an additional 6,835 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Insiders Place Their Bets

In other news, insider Laura Miele sold 2,500 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $171.69, for a total value of $429,225.00. Following the completion of the sale, the insider directly owned 55,592 shares of the company's stock, valued at approximately $9,544,590.48. This represents a 4.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total transaction of $855,250.00. Following the transaction, the chief executive officer directly owned 52,393 shares of the company's stock, valued at $8,961,822.65. This represents a 8.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,800 shares of company stock valued at $4,967,210. 0.24% of the stock is owned by insiders.

Electronic Arts Stock Performance

Shares of NASDAQ:EA traded down $0.42 on Thursday, reaching $173.17. The company's stock had a trading volume of 2,354,019 shares, compared to its average volume of 2,176,953. The stock's 50-day moving average is $164.59 and its two-hundred day moving average is $152.85. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $180.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $43.33 billion, a P/E ratio of 43.40, a PEG ratio of 2.64 and a beta of 0.75.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, August 27th. Electronic Arts's dividend payout ratio is presently 19.05%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on EA shares. Wedbush reiterated an "outperform" rating and set a $210.00 target price on shares of Electronic Arts in a research note on Monday, August 25th. Citigroup reiterated a "neutral" rating and set a $153.00 target price (up previously from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. Robert W. Baird upped their price objective on shares of Electronic Arts from $168.00 to $170.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. UBS Group set a $167.00 price objective on shares of Electronic Arts and gave the company a "neutral" rating in a research note on Friday, August 1st. Finally, Arete upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $192.00 price objective for the company in a research note on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $167.40.

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.