Fulcrum Capital LLC Increases Position in Electronic Arts Inc. $EA

Fulcrum Capital LLC increased its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,043 shares of the game software company’s stock after buying an additional 287 shares during the quarter. Electronic Arts comprises approximately 1.6% of Fulcrum Capital LLC’s investment portfolio, making the stock its 23rd biggest holding. Fulcrum Capital LLC’s holdings in Electronic Arts were worth $7,353,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Lindenwold Advisors INC grew its holdings in shares of Electronic Arts by 1.4% during the second quarter. Lindenwold Advisors INC now owns 11,648 shares of the game software company’s stock valued at $1,860,000 after buying an additional 160 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new stake in Electronic Arts in the second quarter valued at $96,000. Aberdeen Group plc boosted its holdings in Electronic Arts by 15.9% in the second quarter. Aberdeen Group plc now owns 257,057 shares of the game software company’s stock valued at $40,543,000 after purchasing an additional 35,287 shares during the last quarter. PDS Planning Inc purchased a new stake in Electronic Arts in the second quarter valued at $244,000. Finally, Callan Family Office LLC boosted its holdings in Electronic Arts by 113.5% in the second quarter. Callan Family Office LLC now owns 6,510 shares of the game software company’s stock valued at $1,040,000 after purchasing an additional 3,461 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Electronic Arts

In related news, CFO Stuart Canfield sold 6,500 shares of the company’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $203.40, for a total transaction of $1,322,100.00. Following the completion of the transaction, the chief financial officer owned 5,140 shares in the company, valued at $1,045,476. This represents a 55.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $148.32, for a total transaction of $222,480.00. Following the transaction, the executive vice president owned 28,448 shares of the company’s stock, valued at approximately $4,219,407.36. This trade represents a 5.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,000 shares of company stock worth $7,247,635 in the last quarter. Company insiders own 0.24% of the company’s stock.

Electronic Arts Trading Down 0.0%

EA stock opened at $200.01 on Friday. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $203.75. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. The company’s 50-day simple moving average is $177.15 and its 200-day simple moving average is $158.51. The firm has a market cap of $50.05 billion, a P/E ratio of 50.13, a PEG ratio of 3.04 and a beta of 0.77.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, August 27th. Electronic Arts’s dividend payout ratio is 19.05%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on EA shares. TD Cowen lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 1st. Robert W. Baird reaffirmed a “neutral” rating and issued a $210.00 price target (up from $170.00) on shares of Electronic Arts in a report on Monday, September 29th. Citigroup reaffirmed a “neutral” rating on shares of Electronic Arts in a report on Friday, September 26th. Oppenheimer lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 30th. Finally, DZ Bank lowered shares of Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $177.00.

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.