State of Wyoming Buys Shares of 3,546 FirstCash Holdings, Inc. $FCFS

State of Wyoming bought a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 3,546 shares of the company’s stock, valued at approximately $767,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of FirstCash by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,946 shares of the company’s stock valued at $2,761,000 after purchasing an additional 1,021 shares in the last quarter. Goldman Sachs Group Inc. increased its position in FirstCash by 9.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 389,509 shares of the company’s stock worth $46,866,000 after purchasing an additional 34,364 shares in the last quarter. Jane Street Group LLC increased its position in FirstCash by 237.2% during the 1st quarter. Jane Street Group LLC now owns 62,057 shares of the company’s stock worth $7,467,000 after purchasing an additional 43,653 shares in the last quarter. American Century Companies Inc. lifted its stake in FirstCash by 4.9% in the 2nd quarter. American Century Companies Inc. now owns 14,187 shares of the company’s stock valued at $1,917,000 after purchasing an additional 666 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in FirstCash by 67.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 20,872 shares of the company’s stock valued at $2,821,000 after purchasing an additional 8,402 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

Insider Activity at FirstCash

In other FirstCash news, insider Howard F. Hambleton sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $226.41, for a total transaction of $679,230.00. Following the completion of the transaction, the insider owned 32,406 shares in the company, valued at approximately $7,337,042.46. This trade represents a 8.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Raul Ramos sold 6,835 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $225.23, for a total transaction of $1,539,447.05. Following the completion of the transaction, the senior vice president owned 20,400 shares in the company, valued at $4,594,692. This trade represents a 25.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 13,000 shares of company stock worth $2,950,204 over the last quarter. 2.86% of the stock is currently owned by company insiders.

FirstCash Price Performance

Shares of FCFS opened at $214.75 on Monday. The company has a market capitalization of $9.31 billion, a PE ratio of 24.51 and a beta of 0.53. FirstCash Holdings, Inc. has a 12 month low of $135.64 and a 12 month high of $235.97. The stock’s 50-day moving average price is $214.79 and its two-hundred day moving average price is $205.58. The company has a current ratio of 4.89, a quick ratio of 3.51 and a debt-to-equity ratio of 1.01.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, July 23rd. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.39 by $0.11. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.03 billion. FirstCash had a return on equity of 19.65% and a net margin of 9.42%.The business’s revenue was up 29.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.34 EPS. On average, analysts anticipate that FirstCash Holdings, Inc. will post 11.85 EPS for the current year.

FirstCash Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.42 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.68 annualized dividend and a yield of 0.8%. FirstCash’s dividend payout ratio is presently 19.18%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Canaccord Genuity Group raised their target price on shares of FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Loop Capital raised FirstCash from a “hold” rating to a “buy” rating and set a $255.00 price objective on the stock in a report on Monday, August 10th. Zacks Research lowered FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Wall Street Zen cut FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Finally, TD Cowen increased their target price on FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $249.00.

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.