FirstCash Holdings, Inc. $FCFS Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 28.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 28,177 shares of the company’s stock after buying an additional 6,305 shares during the quarter. Intech Investment Management LLC’s holdings in FirstCash were worth $4,491,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FCFS. Rothschild Investment LLC grew its position in FirstCash by 127.8% in the third quarter. Rothschild Investment LLC now owns 180 shares of the company’s stock worth $29,000 after buying an additional 101 shares during the last quarter. Community Bank N.A. acquired a new position in FirstCash in the third quarter worth approximately $32,000. High Point Wealth Management LLC purchased a new position in FirstCash during the 4th quarter worth approximately $33,000. Smartleaf Asset Management LLC grew its position in FirstCash by 70.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock worth $34,000 after purchasing an additional 91 shares in the last quarter. Finally, Danske Bank A S purchased a new position in FirstCash during the 3rd quarter worth approximately $48,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

FirstCash Stock Performance

FirstCash stock opened at $219.91 on Monday. The company’s fifty day simple moving average is $210.94 and its 200-day simple moving average is $184.85. The company has a quick ratio of 3.42, a current ratio of 4.77 and a debt-to-equity ratio of 0.98. FirstCash Holdings, Inc. has a 12 month low of $119.21 and a 12 month high of $235.97. The stock has a market cap of $9.64 billion, a P/E ratio of 27.56 and a beta of 0.52.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.30 by $0.39. FirstCash had a net margin of 9.15% and a return on equity of 18.68%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the company posted $2.07 EPS. FirstCash’s revenue was up 25.7% on a year-over-year basis. As a group, sell-side analysts forecast that FirstCash Holdings, Inc. will post 11.3 EPS for the current fiscal year.

FirstCash Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, May 15th. FirstCash’s payout ratio is currently 21.05%.

Insider Activity at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $227.29, for a total transaction of $454,580.00. Following the transaction, the chief financial officer directly owned 35,734 shares in the company, valued at $8,121,980.86. The trade was a 5.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paula K. Garrett sold 1,500 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $217.40, for a total transaction of $326,100.00. Following the transaction, the director owned 6,564 shares in the company, valued at approximately $1,427,013.60. This represents a 18.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 17,500 shares of company stock valued at $3,972,130. Insiders own 2.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on FCFS shares. Zacks Research upgraded shares of FirstCash from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. TD Cowen lifted their price objective on shares of FirstCash from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Weiss Ratings cut shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, April 27th. Wall Street Zen cut shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Canaccord Genuity Group lifted their price objective on shares of FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $198.00.

About FirstCash

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.