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

Crossmark Global Holdings Inc. lifted its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 16.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and 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.

A number of other large investors have also recently modified their holdings of the stock. Opal Wealth Advisors LLC bought a new position in Electronic Arts in the second quarter worth $28,000. Family Firm Inc. bought a new position in shares of Electronic Arts in the 2nd quarter worth about $33,000. New Covenant Trust Company N.A. bought a new position in shares of Electronic Arts in the 1st quarter worth about $35,000. Reston Wealth Management LLC purchased a new position in Electronic Arts during the 3rd quarter valued at about $36,000. Finally, Gradient Investments LLC boosted its stake in Electronic Arts by 592.1% during the second quarter. Gradient Investments LLC now owns 263 shares of the game software company's stock worth $37,000 after acquiring an additional 225 shares in the last quarter. Institutional investors own 90.23% of the company's stock.

Electronic Arts Price Performance

EA stock traded down $2.09 during trading on Friday, reaching $157.91. The company's stock had a trading volume of 1,391,991 shares, compared to its average volume of 1,801,187. The company has a quick ratio of 1.45, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The company's fifty day moving average is $145.66 and its 200-day moving average is $141.43. The company has a market capitalization of $41.42 billion, a P/E ratio of 40.59, a price-to-earnings-growth ratio of 2.06 and a beta of 0.78. Electronic Arts Inc. has a 1 year low of $124.92 and a 1 year high of $160.31.

Electronic Arts Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have issued reports on EA shares. Oppenheimer lifted their price objective on Electronic Arts from $150.00 to $170.00 and gave the company an "outperform" rating in a research note on Tuesday, July 16th. Morgan Stanley reissued an "equal weight" rating and set a $150.00 price objective on shares of Electronic Arts in a research report on Wednesday, September 18th. Raymond James raised their price objective on shares of Electronic Arts from $155.00 to $170.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. Stifel Nicolaus upped their target price on shares of Electronic Arts from $165.00 to $167.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Finally, Citigroup downgraded shares of Electronic Arts from a "buy" rating to a "neutral" rating and raised their price target for the company from $148.00 to $161.00 in a research report on Monday, July 15th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $165.37.

Insider Transactions at Electronic Arts

In other news, CFO Stuart Canfield sold 1,260 shares of the company's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $148.37, for a total transaction of $186,946.20. Following the sale, the chief financial officer now directly owns 7,553 shares of the company's stock, valued at $1,120,638.61. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the business's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $148.88, for a total transaction of $372,200.00. Following the sale, the chief executive officer now directly owns 56,747 shares of the company's stock, valued at $8,448,493.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stuart Canfield sold 1,260 shares of the company's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $148.37, for a total value of $186,946.20. Following the sale, the chief financial officer now owns 7,553 shares in the company, valued at approximately $1,120,638.61. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,144 shares of company stock valued at $3,886,282. 0.22% of the stock is currently owned by 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. 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.