Crossmark Global Holdings Inc. Raises Position in Electronic Arts Inc. (NASDAQ:EA)

Crossmark Global Holdings Inc. lifted its stake in Electronic Arts Inc. (NASDAQ:EA) by 16.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 120,244 shares of the game software company’s stock after purchasing an additional 16,845 shares during the period. Crossmark Global Holdings Inc.’s holdings in Electronic Arts were worth $17,248,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System lifted its stake in shares of Electronic Arts by 13.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 348,670 shares of the game software company’s stock valued at $46,258,000 after purchasing an additional 41,567 shares during the period. Vanguard Group Inc. lifted its stake in shares of Electronic Arts by 14.7% in the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after purchasing an additional 3,727,251 shares during the period. Park Avenue Securities LLC raised its position in Electronic Arts by 34.9% during the second quarter. Park Avenue Securities LLC now owns 14,227 shares of the game software company’s stock worth $1,982,000 after acquiring an additional 3,681 shares during the last quarter. Greenwood Capital Associates LLC acquired a new position in Electronic Arts during the third quarter worth about $5,597,000. Finally, Sei Investments Co. raised its position in Electronic Arts by 17.0% during the first quarter. Sei Investments Co. now owns 130,988 shares of the game software company’s stock worth $17,379,000 after acquiring an additional 18,985 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Down 1.3 %

EA traded down $2.09 during trading hours on Friday, reaching $157.91. 1,391,991 shares of the stock traded hands, compared to its average volume of 1,801,187. The firm’s fifty day simple moving average is $145.66 and its two-hundred day simple moving average is $141.34. The company has a market cap of $41.42 billion, a price-to-earnings ratio of 40.59, a PEG ratio of 2.06 and a beta of 0.78. Electronic Arts Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $160.31. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.45.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Wednesday, November 27th. Electronic Arts’s payout ratio is 19.54%.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 7,384 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the transaction, the insider now directly owns 31,190 shares in the company, valued at $4,675,692.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total transaction of $395,075.00. Following the transaction, the insider now directly owns 50,433 shares in the company, valued at $7,969,926.99. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Vijayanthimala Singh sold 7,384 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the transaction, the insider now owns 31,190 shares in the company, valued at approximately $4,675,692.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 26,144 shares of company stock valued at $3,886,282. Corporate insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

EA has been the subject of a number of research reports. Benchmark restated a “buy” rating and set a $163.00 target price on shares of Electronic Arts in a research report on Wednesday, October 30th. DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and lifted their target price for the stock from $135.00 to $177.00 in a research report on Thursday, October 31st. BMO Capital Markets reissued an “outperform” rating and issued a $160.00 price objective (up previously from $154.00) on shares of Electronic Arts in a research report on Wednesday, October 30th. Raymond James boosted their price objective on shares of Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus boosted their price objective on shares of Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.37.

Electronic Arts 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.