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

Seizert Capital Partners LLC trimmed its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 14.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,354 shares of the game software company's stock after selling 8,609 shares during the period. Seizert Capital Partners LLC's holdings in Electronic Arts were worth $7,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV lifted its stake in shares of Electronic Arts by 23.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 22,867 shares of the game software company's stock valued at $2,753,000 after purchasing an additional 4,411 shares during the last quarter. Value Partners Investments Inc. boosted its stake in Electronic Arts by 33.5% during the fourth quarter. Value Partners Investments Inc. now owns 429,536 shares of the game software company's stock worth $53,761,000 after buying an additional 107,709 shares during the period. Metis Global Partners LLC increased its position in Electronic Arts by 14.7% during the third quarter. Metis Global Partners LLC now owns 11,473 shares of the game software company's stock valued at $1,381,000 after acquiring an additional 1,469 shares during the last quarter. Morgan Stanley raised its stake in shares of Electronic Arts by 13.0% in the third quarter. Morgan Stanley now owns 3,389,395 shares of the game software company's stock valued at $408,084,000 after acquiring an additional 389,063 shares during the period. Finally, West Family Investments Inc. bought a new stake in shares of Electronic Arts in the 4th quarter worth about $230,000. 90.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EA. UBS Group reduced their target price on Electronic Arts from $146.00 to $143.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Electronic Arts from $153.00 to $150.00 and set a "hold" rating for the company in a report on Thursday. Oppenheimer restated an "outperform" rating and issued a $150.00 target price on shares of Electronic Arts in a research note on Tuesday, April 23rd. Benchmark reaffirmed a "buy" rating and set a $153.00 target price on shares of Electronic Arts in a research report on Thursday, April 18th. Finally, Roth Mkm lowered their price target on Electronic Arts from $140.00 to $135.00 and set a "neutral" rating for the company in a report on Wednesday, May 1st. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $146.71.

Insider Activity

In other news, CEO Andrew Wilson sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $142.39, for a total transaction of $355,975.00. Following the sale, the chief executive officer now owns 28,430 shares of the company's stock, valued at approximately $4,048,147.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $143.24, for a total transaction of $143,240.00. Following the transaction, the insider now owns 20,258 shares in the company, valued at $2,901,755.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $142.39, for a total value of $355,975.00. Following the completion of the sale, the chief executive officer now directly owns 28,430 shares in the company, valued at $4,048,147.70. The disclosure for this sale can be found here. Insiders sold a total of 32,272 shares of company stock valued at $4,420,459 in the last quarter. 0.20% of the stock is currently owned by company insiders.

Electronic Arts Stock Performance

NASDAQ:EA traded up $0.02 during midday trading on Friday, hitting $127.14. The company's stock had a trading volume of 2,023,260 shares, compared to its average volume of 1,863,293. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $144.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.37 and a quick ratio of 1.33. The firm has a market cap of $33.99 billion, a P/E ratio of 27.17, a P/E/G ratio of 1.72 and a beta of 0.78. The firm's 50 day moving average is $130.75 and its 200-day moving average is $134.52.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, May 29th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.60%. Electronic Arts's payout ratio is currently 16.24%.

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.