Crossmark Global Holdings Inc. Cuts Stake in Electronic Arts Inc. $EA

Crossmark Global Holdings Inc. lessened its position in Electronic Arts Inc. (NASDAQ:EA) by 81.2% in the 4th quarter, Holdings Channel reports. The fund owned 25,308 shares of the game software company’s stock after selling 109,297 shares during the period. Crossmark Global Holdings Inc.’s holdings in Electronic Arts were worth $5,171,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in Electronic Arts by 2.4% during the third quarter. EverSource Wealth Advisors LLC now owns 2,108 shares of the game software company’s stock worth $425,000 after purchasing an additional 50 shares in the last quarter. Salomon & Ludwin LLC boosted its holdings in Electronic Arts by 32.8% in the 4th quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock valued at $47,000 after purchasing an additional 57 shares in the last quarter. Ballentine Partners LLC boosted its holdings in Electronic Arts by 1.2% in the 3rd quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company’s stock valued at $965,000 after purchasing an additional 59 shares in the last quarter. Physician Wealth Advisors Inc. boosted its holdings in Electronic Arts by 5.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company’s stock valued at $212,000 after purchasing an additional 59 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC increased its position in Electronic Arts by 3.6% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 1,941 shares of the game software company’s stock worth $392,000 after purchasing an additional 67 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Price Performance

EA opened at $200.44 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.93 and a current ratio of 1.05. The company has a market cap of $50.16 billion, a price-to-earnings ratio of 57.43, a PEG ratio of 2.16 and a beta of 0.66. Electronic Arts Inc. has a one year low of $141.19 and a one year high of $204.88. The business’s fifty day moving average is $201.87 and its two-hundred day moving average is $202.21.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th will be given a $0.19 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s payout ratio is currently 21.78%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EA shares. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Citigroup upped their price objective on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Electronic Arts in a research report on Monday, May 4th. Three analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Electronic Arts has a consensus rating of “Hold” and an average price target of $196.64.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $203.25, for a total value of $243,900.00. Following the sale, the insider owned 28,760 shares of the company’s stock, valued at $5,845,470. This represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $203.21, for a total transaction of $1,016,050.00. Following the transaction, the chief executive officer directly owned 23,858 shares of the company’s stock, valued at approximately $4,848,184.18. This trade represents a 17.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 27,600 shares of company stock valued at $5,544,159 in the last quarter. Insiders own 0.24% of the company’s stock.

Electronic Arts 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.