Crossmark Global Holdings Inc. Purchases 12,755 Shares of Electronic Arts Inc. $EA

Key Points

• Crossmark Global Holdings increased its stake in Electronic Arts by 10.5%, buying 12,755 shares to hold 134,605 shares worth about $27.15 million at the end of the quarter.
• Electronic Arts announced a quarterly dividend of $0.19 per share (annualized $0.76), with an ex-dividend date of Feb. 25 and a payment date of Mar. 18, implying a yield of about 0.4%.
• Institutional ownership is high at 90.23% with large recent buys from firms like Ameriprise and Acadian, while company insiders have been net sellers (27,600 shares sold, including CEO Andrew Wilson's 5,000-share sale).

Crossmark Global Holdings Inc. increased its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 10.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 134,605 shares of the game software company's stock after buying an additional 12,755 shares during the period. Crossmark Global Holdings Inc. owned 0.05% of Electronic Arts worth $27,150,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. grew its position in shares of Electronic Arts by 44.6% in the second quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company's stock valued at $673,393,000 after purchasing an additional 1,300,336 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Electronic Arts by 176.6% in the 2nd quarter. Acadian Asset Management LLC now owns 1,862,898 shares of the game software company's stock valued at $297,465,000 after buying an additional 1,189,455 shares during the last quarter. State Street Corp grew its holdings in Electronic Arts by 5.8% in the 2nd quarter. State Street Corp now owns 17,072,959 shares of the game software company's stock valued at $2,726,552,000 after buying an additional 932,024 shares during the last quarter. Man Group plc increased its position in Electronic Arts by 165.5% in the 2nd quarter. Man Group plc now owns 1,279,249 shares of the game software company's stock worth $204,296,000 after buying an additional 797,461 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Electronic Arts by 50.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,365,221 shares of the game software company's stock worth $377,726,000 after buying an additional 791,978 shares during the last quarter. Institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Performance

Shares of NASDAQ:EA opened at $201.73 on Thursday. The business has a fifty day moving average of $202.63 and a 200-day moving average of $195.71. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. Electronic Arts Inc. has a twelve month low of $131.15 and a twelve month high of $204.88. The firm has a market cap of $50.48 billion, a PE ratio of 75.84, a price-to-earnings-growth ratio of 2.39 and a beta of 0.75.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, February 25th. Electronic Arts's dividend payout ratio is presently 28.57%.

Wall Street Analyst Weigh In

EA has been the topic of several research analyst reports. Zacks Research lowered shares of Electronic Arts from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 19th. UBS Group reissued a "neutral" rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Finally, Citigroup cut their price target on Electronic Arts from $207.00 to $202.00 and set a "neutral" rating for the company in a report on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $188.30.

Insider Activity at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $199.50, for a total transaction of $997,500.00. Following the transaction, the chief executive officer owned 33,858 shares of the company's stock, valued at $6,754,671. This represents a 12.87% 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, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $200.63, for a total value of $240,756.00. Following the completion of the sale, the insider owned 31,160 shares of the company's stock, valued at approximately $6,251,630.80. The trade was a 3.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 27,600 shares of company stock valued at $5,589,823 over the last three months. 0.24% of the stock is owned by company insiders.

Electronic Arts Company Profile

Electronic Arts Inc NASDAQ: EA is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA's product lineup spans several well-known franchises and genres.

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