Crossmark Global Holdings Inc. Has $16.38 Million Holdings in Electronic Arts Inc. (NASDAQ:EA)

Crossmark Global Holdings Inc. trimmed its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 14.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,318 shares of the game software company's stock after selling 18,885 shares during the period. Crossmark Global Holdings Inc.'s holdings in Electronic Arts were worth $16,377,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of EA. Putney Financial Group LLC acquired a new position in Electronic Arts during the fourth quarter worth $26,000. Opal Wealth Advisors LLC acquired a new position in Electronic Arts during the first quarter worth $28,000. LGT Financial Advisors LLC acquired a new position in Electronic Arts during the fourth quarter worth $33,000. Millstone Evans Group LLC acquired a new position in Electronic Arts during the fourth quarter worth $37,000. Finally, Wayfinding Financial LLC acquired a new position in Electronic Arts during the first quarter worth $39,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $150.64, for a total transaction of $753,200.00. Following the sale, the chief executive officer directly owned 62,393 shares of the company's stock, valued at $9,398,881.52. The trade was a 7.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Laura Miele sold 2,500 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $159.50, for a total transaction of $398,750.00. Following the completion of the sale, the insider directly owned 60,592 shares in the company, valued at approximately $9,664,424. The trade was a 3.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,729 shares of company stock worth $4,784,679. 0.24% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on EA. Moffett Nathanson reissued a "neutral" rating and set a $163.00 target price on shares of Electronic Arts in a research report on Wednesday, May 7th. The Goldman Sachs Group increased their target price on shares of Electronic Arts from $135.00 to $155.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Morgan Stanley increased their target price on shares of Electronic Arts from $135.00 to $148.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 7th. Benchmark raised their price target on Electronic Arts from $160.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Finally, Wedbush raised Electronic Arts to a "strong-buy" rating in a research report on Tuesday, July 1st. Fourteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $162.80.

Electronic Arts Stock Performance

Shares of NASDAQ EA traded down $1.84 during mid-day trading on Monday, hitting $153.53. The company had a trading volume of 2,502,773 shares, compared to its average volume of 2,819,978. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.95 and a quick ratio of 0.95. The business's 50-day simple moving average is $150.64 and its 200-day simple moving average is $142.34. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The firm has a market cap of $38.58 billion, a P/E ratio of 36.21, a PEG ratio of 2.11 and a beta of 0.73.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.76 annualized dividend and a yield of 0.50%. Electronic Arts's dividend payout ratio (DPR) is presently 17.92%.

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.