Intech Investment Management LLC Sells 11,590 Shares of FirstCash Holdings, Inc. $FCFS

Intech Investment Management LLC lessened its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 34.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,872 shares of the company’s stock after selling 11,590 shares during the quarter. Intech Investment Management LLC’s holdings in FirstCash were worth $3,465,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Root Financial Partners LLC bought a new position in FirstCash during the third quarter valued at $25,000. Rothschild Investment LLC lifted its position in shares of FirstCash by 127.8% during the 3rd quarter. Rothschild Investment LLC now owns 180 shares of the company’s stock valued at $29,000 after buying an additional 101 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of 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 acquiring an additional 91 shares during the period. Jones Financial Companies Lllp grew its stake in shares of FirstCash by 262.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 377 shares of the company’s stock worth $58,000 after acquiring an additional 273 shares during the period. Finally, Covestor Ltd increased its holdings in FirstCash by 130.7% in the 3rd quarter. Covestor Ltd now owns 413 shares of the company’s stock worth $65,000 after acquiring an additional 234 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

FirstCash Trading Up 1.9%

Shares of FCFS opened at $192.79 on Monday. FirstCash Holdings, Inc. has a twelve month low of $109.51 and a twelve month high of $193.96. The stock has a market cap of $8.48 billion, a PE ratio of 25.98 and a beta of 0.46. The company has a quick ratio of 3.36, a current ratio of 4.55 and a debt-to-equity ratio of 0.97. The business’s 50-day moving average price is $172.04 and its 200-day moving average price is $159.93.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, February 5th. The company reported $2.64 EPS for the quarter, beating the consensus estimate of $2.54 by $0.10. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.01 billion. FirstCash had a net margin of 9.02% and a return on equity of 17.99%. FirstCash’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.12 earnings per share. On average, equities analysts forecast that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 18th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, February 18th. FirstCash’s payout ratio is 22.64%.

Analyst Upgrades and Downgrades

Several research firms have commented on FCFS. Weiss Ratings reaffirmed a “buy (b)” rating on shares of FirstCash in a report on Monday, December 29th. Canaccord Genuity Group set a $217.00 price target on shares of FirstCash in a research report on Friday, February 6th. Zacks Research cut shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 2nd. Finally, Wall Street Zen downgraded shares of FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $177.50.

Insider Transactions at FirstCash

In related news, COO Thomas Brent Stuart sold 10,000 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $182.53, for a total value of $1,825,300.00. Following the sale, the chief operating officer owned 150,846 shares in the company, valued at approximately $27,533,920.38. This trade represents a 6.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO R Douglas Orr sold 4,000 shares of FirstCash stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $175.37, for a total value of $701,480.00. Following the sale, the chief financial officer directly owned 111,289 shares of the company’s stock, valued at $19,516,751.93. This represents a 3.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 30,500 shares of company stock valued at $5,438,945. 14.77% of the stock is currently owned by company insiders.

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.