Decatur Capital Management Inc. Cuts Position in Electronic Arts Inc. (NASDAQ:EA)

Decatur Capital Management Inc. trimmed its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,752 shares of the game software company’s stock after selling 1,208 shares during the period. Decatur Capital Management Inc.’s holdings in Electronic Arts were worth $5,544,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EA. Icon Wealth Partners LLC purchased a new position in Electronic Arts in the first quarter valued at approximately $28,000. Valeo Financial Advisors LLC purchased a new position in shares of Electronic Arts during the second quarter worth approximately $28,000. North Star Investment Management Corp. purchased a new position in shares of Electronic Arts during the first quarter worth approximately $29,000. Ropes Wealth Advisors LLC purchased a new position in shares of Electronic Arts during the first quarter worth approximately $34,000. Finally, Berman Capital Advisors LLC grew its position in shares of Electronic Arts by 70.6% during the first quarter. Berman Capital Advisors LLC now owns 343 shares of the game software company’s stock worth $34,000 after acquiring an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.

A number of equities analysts have recently issued reports on EA shares. MKM Partners restated a “neutral” rating and set a $100.00 target price (up from $92.00) on shares of Electronic Arts in a research report on Friday, May 3rd. They noted that the move was a valuation call. Stephens set a $120.00 price target on Electronic Arts and gave the stock a “buy” rating in a report on Monday, June 24th. Credit Suisse Group increased their price target on Electronic Arts from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Cowen raised Electronic Arts from a “market perform” rating to an “outperform” rating and set a $104.00 price target for the company in a report on Wednesday. Finally, SunTrust Banks set a $107.00 price target on Electronic Arts and gave the stock a “buy” rating in a report on Monday, April 8th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $113.10.

Electronic Arts stock traded down $1.71 during midday trading on Friday, reaching $92.89. The company’s stock had a trading volume of 2,764,719 shares, compared to its average volume of 4,608,611. Electronic Arts Inc. has a fifty-two week low of $73.91 and a fifty-two week high of $134.00. The company has a quick ratio of 2.82, a current ratio of 3.52 and a debt-to-equity ratio of 0.15. The company’s 50 day simple moving average is $93.25. The company has a market capitalization of $28.06 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 2.17 and a beta of 1.01.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, May 7th. The game software company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.43. Electronic Arts had a return on equity of 19.63% and a net margin of 42.75%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the company earned $1.31 earnings per share. Electronic Arts’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, equities analysts predict that Electronic Arts Inc. will post 3.7 EPS for the current year.

In other Electronic Arts news, insider Laura Miele sold 785 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $93.25, for a total value of $73,201.25. Following the completion of the sale, the insider now owns 13,077 shares of the company’s stock, valued at $1,219,430.25. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Matthew Bilbey sold 600 shares of Electronic Arts stock in a transaction on Monday, July 1st. The stock was sold at an average price of $102.65, for a total value of $61,590.00. Following the transaction, the executive vice president now directly owns 10,773 shares of the company’s stock, valued at approximately $1,105,848.45. The disclosure for this sale can be found here. In the last three months, insiders sold 102,079 shares of company stock valued at $9,954,960. 2.18% of the stock is owned by corporate insiders.

Electronic Arts Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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