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

Intech Investment Management LLC lifted its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 52.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,845 shares of the company’s stock after acquiring an additional 5,081 shares during the period. Intech Investment Management LLC’s holdings in FirstCash were worth $1,704,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Earnest Partners LLC increased its position in shares of 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 acquiring an additional 55,919 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in FirstCash by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,057,049 shares of the company’s stock worth $110,867,000 after purchasing an additional 15,780 shares during the last quarter. Sei Investments Co. boosted its holdings in FirstCash by 3.2% in the second quarter. Sei Investments Co. now owns 631,303 shares of the company’s stock worth $66,211,000 after purchasing an additional 19,868 shares during the last quarter. Boston Partners boosted its holdings in FirstCash by 17.8% in the first quarter. Boston Partners now owns 621,534 shares of the company’s stock worth $78,347,000 after purchasing an additional 94,010 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in FirstCash by 66.0% in the second quarter. American Century Companies Inc. now owns 446,882 shares of the company’s stock worth $46,869,000 after purchasing an additional 177,698 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

FirstCash Trading Up 3.4 %

Shares of FirstCash stock opened at $107.94 on Tuesday. The company’s fifty day simple moving average is $110.60 and its 200-day simple moving average is $112.12. The stock has a market capitalization of $4.83 billion, a PE 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. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23.

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

FirstCash Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Friday, November 15th. FirstCash’s dividend payout ratio is presently 28.15%.

Insider Transactions at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction 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 owns 88,715 shares in the company, valued at approximately $9,375,401.20. The trade was a 2.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Douglas Richard Rippel sold 7,316 shares of FirstCash stock in a transaction on Friday, August 30th. The shares were sold at an average price of $119.98, for a total transaction of $877,773.68. Following the transaction, the director now owns 4,735,843 shares in the company, valued at approximately $568,206,443.14. This trade represents a 0.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,290 shares of company stock worth $1,565,853 in the last 90 days. 14.77% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

FirstCash Company 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.