Intech Investment Management LLC Purchases 5,081 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Intech Investment Management LLC raised its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 52.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,845 shares of the company’s stock after buying an additional 5,081 shares during the period. Intech Investment Management LLC’s holdings in FirstCash were worth $1,704,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Earnest Partners LLC boosted its position in FirstCash by 2.4% during the second quarter. Earnest Partners LLC now owns 2,344,383 shares of the company’s stock valued at $245,879,000 after buying an additional 55,919 shares during the period. Dimensional Fund Advisors LP boosted its position in FirstCash by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,057,049 shares of the company’s stock valued at $110,867,000 after buying an additional 15,780 shares during the period. Sei Investments Co. boosted its position in FirstCash by 3.2% during the second quarter. Sei Investments Co. now owns 631,303 shares of the company’s stock valued at $66,211,000 after buying an additional 19,868 shares during the period. Boston Partners boosted its position in FirstCash by 17.8% during the first quarter. Boston Partners now owns 621,534 shares of the company’s stock valued at $78,347,000 after buying an additional 94,010 shares during the period. Finally, American Century Companies Inc. boosted its position in FirstCash by 66.0% during the second quarter. American Century Companies Inc. now owns 446,882 shares of the company’s stock valued at $46,869,000 after buying an additional 177,698 shares during the period. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other FirstCash news, Director Douglas Richard Rippel sold 600 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $120.07, for a total transaction of $72,042.00. Following the completion of the transaction, the director now owns 4,735,243 shares of the company’s stock, valued at approximately $568,560,627.01. This trade represents a 0.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the transaction, the chief financial officer now directly owns 88,715 shares of the company’s stock, valued at $9,375,401.20. This represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,290 shares of company stock worth $1,565,853 over the last three months. Company insiders own 14.77% of the company’s stock.

Wall Street Analysts Forecast Growth

FCFS has been the subject of a number of analyst reports. Stephens initiated coverage on shares of FirstCash in a report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 target price for the company. TD Cowen dropped their target price on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a report on Monday, October 28th.

FirstCash Stock Performance

FirstCash stock opened at $107.94 on Tuesday. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87. The firm has a 50-day moving average of $110.60 and a 200-day moving average of $112.12. The firm has a market cap of $4.83 billion, a P/E ratio of 19.99 and a beta of 0.64. FirstCash Holdings, Inc. has a 1-year low of $101.62 and a 1-year high of $133.64.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.62 by $0.05. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The business had revenue of $837.30 million during the quarter, compared to analyst estimates of $843.94 million. During the same period last year, the business posted $1.56 earnings per share. FirstCash’s quarterly revenue was up 6.5% compared to the same quarter last year. Sell-side analysts expect that FirstCash Holdings, Inc. will post 6.61 EPS for the current year.

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be issued a $0.38 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.52 annualized dividend and a yield of 1.41%. FirstCash’s dividend payout ratio (DPR) is presently 28.15%.

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.