Crossmark Global Holdings Inc. Buys 11,959 Shares of Electronic Arts Inc. (NASDAQ:EA)

Crossmark Global Holdings Inc. raised its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 9.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 132,203 shares of the game software company’s stock after buying an additional 11,959 shares during the period. Crossmark Global Holdings Inc. owned about 0.05% of Electronic Arts worth $19,342,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of EA. Benjamin F. Edwards & Company Inc. increased its stake in shares of Electronic Arts by 33.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 10,119 shares of the game software company’s stock worth $1,410,000 after purchasing an additional 2,540 shares in the last quarter. Summit Trail Advisors LLC purchased a new stake in shares of Electronic Arts in the second quarter worth $653,000. Ensign Peak Advisors Inc raised its position in shares of Electronic Arts by 3.1% during the 2nd quarter. Ensign Peak Advisors Inc now owns 165,009 shares of the game software company’s stock valued at $22,991,000 after purchasing an additional 5,030 shares during the period. Hancock Whitney Corp lifted its stake in shares of Electronic Arts by 2.8% during the 2nd quarter. Hancock Whitney Corp now owns 8,621 shares of the game software company’s stock valued at $1,201,000 after buying an additional 234 shares in the last quarter. Finally, Frank Rimerman Advisors LLC increased its stake in Electronic Arts by 8,641.4% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 2,535 shares of the game software company’s stock worth $353,000 after buying an additional 2,506 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Trading Up 0.4 %

Shares of EA stock opened at $142.00 on Tuesday. Electronic Arts Inc. has a twelve month low of $124.92 and a twelve month high of $168.50. The stock has a market cap of $37.24 billion, a price-to-earnings ratio of 36.50, a PEG ratio of 1.86 and a beta of 0.80. The company’s 50-day moving average price is $155.04 and its 200-day moving average price is $149.21. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Wednesday, November 27th. Electronic Arts’s payout ratio is 19.54%.

Analyst Upgrades and Downgrades

EA has been the topic of a number of research reports. UBS Group lifted their price objective on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. BMO Capital Markets reiterated an “outperform” rating and issued a $160.00 price target (up from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. Argus increased their target price on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Stifel Nicolaus restated a “hold” rating and issued a $167.00 price target on shares of Electronic Arts in a report on Wednesday, December 18th. Finally, DZ Bank upgraded Electronic Arts from a “hold” rating to a “buy” rating and upped their price objective for the stock from $135.00 to $177.00 in a research note on Thursday, October 31st. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $165.37.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $145.87, for a total value of $364,675.00. Following the completion of the transaction, the chief executive officer now owns 51,747 shares in the company, valued at $7,548,334.89. This represents a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total transaction of $215,175.00. Following the transaction, the executive vice president now owns 23,386 shares in the company, valued at approximately $3,354,721.70. This trade represents a 6.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,500 shares of company stock valued at $3,637,660. 0.22% of the stock is currently owned by corporate insiders.

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.