Rhumbline Advisers lessened its stake in shares of FirstCash Inc (NYSE:FCFS) by 2.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 115,164 shares of the credit services provider’s stock after selling 3,158 shares during the period. Rhumbline Advisers owned about 0.26% of FirstCash worth $10,347,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in FirstCash by 2.1% during the first quarter. BlackRock Inc. now owns 6,038,198 shares of the credit services provider’s stock valued at $490,602,000 after buying an additional 125,823 shares during the period. Earnest Partners LLC increased its holdings in FirstCash by 18.9% during the first quarter. Earnest Partners LLC now owns 1,643,543 shares of the credit services provider’s stock valued at $133,538,000 after buying an additional 261,499 shares during the period. Stephens Investment Management Group LLC increased its holdings in FirstCash by 15.0% during the first quarter. Stephens Investment Management Group LLC now owns 455,027 shares of the credit services provider’s stock valued at $36,971,000 after buying an additional 59,337 shares during the period. New York State Common Retirement Fund increased its holdings in FirstCash by 19.0% during the first quarter. New York State Common Retirement Fund now owns 450,226 shares of the credit services provider’s stock valued at $36,581,000 after buying an additional 71,889 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in FirstCash by 1.7% during the first quarter. Wells Fargo & Company MN now owns 429,753 shares of the credit services provider’s stock valued at $34,917,000 after buying an additional 7,157 shares during the period. 97.52% of the stock is owned by hedge funds and other institutional investors.

NYSE FCFS opened at $81.75 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 4.36 and a current ratio of 6.48. FirstCash Inc has a 12-month low of $57.75 and a 12-month high of $95.40. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 1.17 and a beta of 0.48.

FirstCash (NYSE:FCFS) last released its quarterly earnings results on Thursday, July 26th. The credit services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.05. FirstCash had a net margin of 9.40% and a return on equity of 10.32%. The business had revenue of $419.97 million for the quarter, compared to analyst estimates of $424.01 million. During the same period in the previous year, the company earned $0.52 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. sell-side analysts anticipate that FirstCash Inc will post 3.5 EPS for the current year.

FirstCash declared that its board has initiated a stock buyback program on Thursday, July 26th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the credit services provider to repurchase up to 2.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 31st. Shareholders of record on Wednesday, August 15th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Tuesday, August 14th. FirstCash’s dividend payout ratio is currently 32.12%.

FCFS has been the topic of several research reports. Credit Suisse Group lowered shares of FirstCash from an “outperform” rating to a “neutral” rating and set a $73.00 price objective on the stock. in a report on Thursday, May 24th. JMP Securities lifted their price target on shares of FirstCash from $85.00 to $95.00 and gave the stock a “market outperform” rating in a report on Friday, April 27th. Zacks Investment Research raised shares of FirstCash from a “hold” rating to a “strong-buy” rating and set a $103.00 price target on the stock in a report on Friday, July 6th. Jefferies Financial Group lifted their price target on shares of FirstCash to $103.00 and gave the stock a “buy” rating in a report on Tuesday, May 8th. Finally, Wedbush lowered shares of FirstCash from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from $87.00 to $90.00 in a report on Monday, May 7th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $92.80.

FirstCash Profile

FirstCash, Inc operates retail-based pawn and consumer finance stores in the United States and Mexico. Its pawn stores lend money on the collateral of pledged personal property, including consumer electronics, jewelry, power tools, household appliances, sporting goods, and musical instruments; and retails previously owned merchandise acquired through pawn forfeitures, as well as through purchases from the general public.

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Institutional Ownership by Quarter for FirstCash (NYSE:FCFS)

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