Avantax Advisory Services Inc. Has $1.31 Million Stock Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Avantax Advisory Services Inc. boosted its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 33.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,602 shares of the company’s stock after purchasing an additional 3,185 shares during the period. Avantax Advisory Services Inc.’s holdings in FirstCash were worth $1,306,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of FirstCash in the 3rd quarter valued at $553,000. Advantage Alpha Capital Partners LP acquired a new stake in FirstCash in the 3rd quarter worth approximately $3,707,000. Principal Financial Group Inc. boosted its position in FirstCash by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 130,607 shares of the company’s stock worth $13,531,000 after purchasing an additional 4,483 shares during the period. Natixis Advisors LLC grew its holdings in FirstCash by 174.3% during the third quarter. Natixis Advisors LLC now owns 159,140 shares of the company’s stock valued at $18,269,000 after purchasing an additional 101,130 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in FirstCash by 32.2% during the third quarter. JPMorgan Chase & Co. now owns 160,379 shares of the company’s stock valued at $18,412,000 after purchasing an additional 39,077 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stephens reaffirmed an “overweight” rating and set a $137.00 price objective on shares of FirstCash in a report on Wednesday, February 19th.

FirstCash Price Performance

Shares of NASDAQ:FCFS opened at $117.03 on Wednesday. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 20.42 and a beta of 0.63. The business has a 50 day moving average price of $113.10 and a 200 day moving average price of $110.84. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $133.64.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.10. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. Research analysts predict that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.30%. FirstCash’s payout ratio is 26.53%.

Insider Activity

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 stock was sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the sale, the insider now owns 4,431,869 shares of the company’s stock, valued at approximately $502,706,900.67. This trade represents a 6.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total value of $226,700.00. Following the completion of the transaction, the chief financial officer now owns 100,567 shares of the company’s stock, valued at $11,399,269.45. The trade was a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.77% of the stock is owned by company insiders.

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.