Stevens Capital Management LP Has $309,000 Position in Electronic Arts Inc. (NASDAQ:EA)

Stevens Capital Management LP cut its position in Electronic Arts Inc. (NASDAQ:EA) by 53.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,114 shares of the game software company’s stock after selling 2,449 shares during the period. Stevens Capital Management LP’s holdings in Electronic Arts were worth $309,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Swedbank AB increased its stake in Electronic Arts by 6.3% during the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after purchasing an additional 95,190 shares in the last quarter. Atomi Financial Group Inc. bought a new stake in shares of Electronic Arts during the fourth quarter worth $217,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Electronic Arts by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company’s stock worth $213,089,000 after acquiring an additional 36,153 shares during the period. Fisher Funds Management LTD bought a new stake in Electronic Arts in the 4th quarter valued at $3,730,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in Electronic Arts in the 4th quarter worth $13,845,000. 90.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on EA. Oppenheimer cut their price target on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Benchmark upped their price target on Electronic Arts from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday. BMO Capital Markets lowered their price objective 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. Ascendiant Capital Markets increased their target price on shares of Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Finally, Robert W. Baird lowered their price target on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research note on Thursday, January 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $155.65.

Insider Transactions at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total value of $215,175.00. Following the transaction, the executive vice president now directly owns 23,386 shares of the company’s stock, valued at $3,354,721.70. This trade represents a 6.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total transaction of $122,030.00. Following the sale, the insider now directly owns 28,216 shares of the company’s stock, valued at approximately $3,443,198.48. This trade represents a 3.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,000 shares of company stock valued at $3,166,740. 0.22% of the stock is currently owned by company insiders.

Electronic Arts Price Performance

Electronic Arts stock opened at $144.55 on Tuesday. The company has a market capitalization of $37.67 billion, a price-to-earnings ratio of 36.78, a PEG ratio of 3.58 and a beta of 0.78. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The stock’s 50 day moving average is $132.81 and its 200-day moving average is $144.61.

Electronic Arts (NASDAQ:EA) last posted 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 return on equity of 17.80% and a net margin of 14.28%. Equities research analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. Electronic Arts’s payout ratio is presently 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.