Raymond James & Associates Trims Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Raymond James & Associates decreased its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 10.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 20,471 shares of the company’s stock after selling 2,414 shares during the quarter. Raymond James & Associates’ holdings in FirstCash were worth $2,219,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sei Investments Co. grew its position in shares of FirstCash by 17.4% during the 3rd quarter. Sei Investments Co. now owns 426,752 shares of the company’s stock worth $42,837,000 after buying an additional 63,219 shares in the last quarter. FMR LLC grew its position in shares of FirstCash by 2.3% during the 3rd quarter. FMR LLC now owns 6,556,669 shares of the company’s stock worth $658,158,000 after buying an additional 145,821 shares in the last quarter. Pathstone Family Office LLC bought a new position in shares of FirstCash during the 3rd quarter worth $297,000. Annex Advisory Services LLC grew its position in shares of FirstCash by 46.2% during the 3rd quarter. Annex Advisory Services LLC now owns 55,304 shares of the company’s stock worth $5,551,000 after buying an additional 17,486 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of FirstCash by 20.6% during the 3rd quarter. Victory Capital Management Inc. now owns 379,994 shares of the company’s stock worth $38,144,000 after buying an additional 64,867 shares in the last quarter. Institutional investors own 80.30% of the company’s stock.

Insider Buying and Selling at FirstCash

In other FirstCash news, CFO R Douglas Orr sold 3,000 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $116.25, for a total value of $348,750.00. Following the completion of the sale, the chief financial officer now directly owns 94,715 shares in the company, valued at $11,010,618.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Douglas Richard Rippel sold 21,852 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $119.90, for a total value of $2,620,054.80. Following the completion of the transaction, the director now directly owns 5,502,761 shares in the company, valued at $659,781,043.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO R Douglas Orr sold 3,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $116.25, for a total value of $348,750.00. Following the completion of the transaction, the chief financial officer now owns 94,715 shares of the company’s stock, valued at $11,010,618.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 329,984 shares of company stock worth $38,850,386. 18.08% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FCFS has been the topic of a number of recent research reports. Stephens increased their price target on FirstCash from $131.00 to $141.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. TD Cowen raised FirstCash from a “hold” rating to a “buy” rating and raised their price objective for the company from $130.00 to $145.00 in a research report on Wednesday, April 10th.

FirstCash Price Performance

Shares of FCFS stock opened at $130.32 on Wednesday. FirstCash Holdings, Inc. has a 1-year low of $88.05 and a 1-year high of $133.46. The stock’s 50-day moving average is $120.77 and its 200 day moving average is $113.38. The company has a market cap of $5.88 billion, a P/E ratio of 27.15 and a beta of 0.62. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.89 and a quick ratio of 2.96.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, February 1st. The company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.25. FirstCash had a return on equity of 14.42% and a net margin of 6.96%. The company had revenue of $852.13 million for the quarter, compared to the consensus estimate of $859.23 million. During the same quarter last year, the company earned $1.65 earnings per share. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. Research analysts predict that FirstCash Holdings, Inc. will post 6.93 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Tuesday, February 13th. FirstCash’s dividend payout ratio (DPR) is presently 29.17%.

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.