Financiere des Professionnels Fonds d investissement inc. Has $1.37 Million Position in Electronic Arts Inc. (NASDAQ:EA)

Financiere des Professionnels Fonds d investissement inc. decreased its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 69.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,478 shares of the game software company's stock after selling 21,985 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.'s holdings in Electronic Arts were worth $1,370,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Putney Financial Group LLC purchased a new position in Electronic Arts in the 4th quarter worth approximately $26,000. Opal Wealth Advisors LLC purchased a new position in Electronic Arts in the 1st quarter worth approximately $28,000. LGT Financial Advisors LLC purchased a new position in Electronic Arts in the 4th quarter worth approximately $33,000. Millstone Evans Group LLC purchased a new position in Electronic Arts in the 4th quarter worth approximately $37,000. Finally, Wayfinding Financial LLC purchased a new position in Electronic Arts in the 1st quarter worth approximately $39,000. Institutional investors and hedge funds own 90.23% of the company's stock.

Electronic Arts Trading Up 0.0%

Shares of EA traded up $0.04 during midday trading on Wednesday, hitting $152.68. The stock had a trading volume of 1,845,072 shares, compared to its average volume of 2,820,257. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The business has a 50-day simple moving average of $151.06 and a two-hundred day simple moving average of $142.52. The firm has a market cap of $38.36 billion, a P/E ratio of 36.01, a price-to-earnings-growth ratio of 2.07 and a beta of 0.73. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.23.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Wednesday, May 28th. Electronic Arts's payout ratio is 17.92%.

Wall Street Analyst Weigh In

EA has been the topic of a number of recent analyst reports. Robert W. Baird set a $168.00 target price on Electronic Arts in a research report on Wednesday, May 7th. Moffett Nathanson reaffirmed a "neutral" rating and issued a $163.00 target price on shares of Electronic Arts in a research report on Wednesday, May 7th. Morgan Stanley upped their target price on Electronic Arts from $135.00 to $148.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. Roth Capital raised Electronic Arts from a "neutral" rating to a "buy" rating and upped their target price for the company from $175.00 to $185.00 in a research report on Tuesday, June 24th. Finally, Benchmark upped their target price on Electronic Arts from $160.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Fourteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $162.80.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 6,563 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $151.18, for a total value of $992,194.34. Following the completion of the transaction, the chief executive officer directly owned 70,059 shares in the company, valued at $10,591,519.62. This trade represents a 8.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $145.65, for a total transaction of $218,475.00. Following the completion of the transaction, the executive vice president owned 19,033 shares of the company's stock, valued at approximately $2,772,156.45. The trade was a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,729 shares of company stock valued at $4,784,679. Corporate insiders own 0.24% of the company's stock.

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.