NorthCrest Asset Manangement LLC Has $5.17 Million Stock Position in Electronic Arts Inc. (NASDAQ:EA)

NorthCrest Asset Manangement LLC boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 6.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,741 shares of the game software company’s stock after acquiring an additional 2,220 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Electronic Arts were worth $5,165,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EA. Financial Management Professionals Inc. grew its position in Electronic Arts by 15.0% during the first quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company’s stock worth $81,000 after buying an additional 73 shares in the last quarter. Whipplewood Advisors LLC grew its holdings in Electronic Arts by 34.2% during the 1st quarter. Whipplewood Advisors LLC now owns 298 shares of the game software company’s stock worth $43,000 after acquiring an additional 76 shares during the period. Intrust Bank NA grew its holdings in Electronic Arts by 3.3% during the 4th quarter. Intrust Bank NA now owns 2,475 shares of the game software company’s stock worth $362,000 after acquiring an additional 78 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of Electronic Arts by 11.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company’s stock valued at $119,000 after buying an additional 81 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Electronic Arts by 4.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,951 shares of the game software company’s stock valued at $282,000 after acquiring an additional 84 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Price Performance

EA stock opened at $148.48 on Friday. The stock has a market cap of $37.23 billion, a PE ratio of 37.78, a P/E/G ratio of 3.58 and a beta of 0.71. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The company has a 50-day moving average price of $146.88 and a 200 day moving average price of $143.29.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 annualized dividend and a yield of 0.51%. Electronic Arts’s dividend payout ratio (DPR) is 17.92%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total transaction of $145,000.00. Following the transaction, the insider now directly owns 26,216 shares of the company’s stock, valued at $3,801,320. The trade was a 3.67% 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. Also, CEO Andrew Wilson sold 6,563 shares of Electronic Arts stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $151.18, for a total transaction of $992,194.34. Following the transaction, the chief executive officer now directly owns 70,059 shares in the company, valued at $10,591,519.62. This trade represents a 8.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,729 shares of company stock valued at $4,107,664 in the last three months. Company insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on EA shares. Morgan Stanley lifted their price target on shares of Electronic Arts from $135.00 to $148.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 7th. Wedbush upped their price objective on shares of Electronic Arts from $179.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Robert W. Baird set a $168.00 price target on shares of Electronic Arts in a research note on Wednesday, May 7th. Hsbc Global Res upgraded shares of Electronic Arts from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 7th. Finally, Ascendiant Capital Markets raised their target price on shares of Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Fifteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and an average price target of $161.88.

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.