FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC grew its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 92.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 28,551 shares of the company’s stock after acquiring an additional 13,706 shares during the quarter. Intech Investment Management LLC owned about 0.06% of FirstCash worth $2,958,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Cibc World Markets Corp acquired a new position in FirstCash during the 4th quarter worth $373,000. Royce & Associates LP boosted its position in FirstCash by 29.5% during the 4th quarter. Royce & Associates LP now owns 114,663 shares of the company’s stock worth $11,879,000 after acquiring an additional 26,098 shares during the period. Natixis Advisors LLC boosted its position in FirstCash by 10.2% during the 4th quarter. Natixis Advisors LLC now owns 175,305 shares of the company’s stock worth $18,162,000 after acquiring an additional 16,165 shares during the period. Erste Asset Management GmbH boosted its position in FirstCash by 15.6% during the 4th quarter. Erste Asset Management GmbH now owns 185,000 shares of the company’s stock worth $19,046,000 after acquiring an additional 25,000 shares during the period. Finally, Vestcor Inc boosted its position in FirstCash by 15.8% during the 4th quarter. Vestcor Inc now owns 4,748 shares of the company’s stock worth $492,000 after acquiring an additional 647 shares during the period. Institutional investors and hedge funds own 80.30% of the company’s stock.

Analysts Set New Price Targets

Separately, Stephens reissued an “overweight” rating and issued a $137.00 price objective on shares of FirstCash in a research note on Wednesday, February 19th.

FirstCash Stock Up 1.0 %

NASDAQ FCFS opened at $118.16 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15. The company’s 50 day simple moving average is $113.32 and its 200 day simple moving average is $110.89. FirstCash Holdings, Inc. has a 12 month low of $100.24 and a 12 month high of $133.64. The company has a market capitalization of $5.29 billion, a P/E ratio of 20.62 and a beta of 0.63.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, January 30th. The company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. Equities research analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.38 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.29%. FirstCash’s payout ratio is currently 26.53%.

Insider Buying and Selling

In other news, major shareholder Douglas Richard Rippel sold 300,000 shares of FirstCash stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total value of $34,029,000.00. Following the transaction, the insider now directly owns 4,431,869 shares of the company’s stock, valued at $502,706,900.67. This trade represents a 6.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total transaction of $226,700.00. Following the completion of the transaction, the chief financial officer now directly owns 100,567 shares in the company, valued at approximately $11,399,269.45. This trade represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 14.77% of the company’s stock.

FirstCash Profile

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.