FirstCash Holdings, Inc. (NASDAQ:FCFS) Holdings Decreased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. reduced its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 10.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,410 shares of the company’s stock after selling 277 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in FirstCash were worth $261,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp boosted its stake in FirstCash by 86.5% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 442 shares of the company’s stock valued at $44,000 after acquiring an additional 205 shares during the period. Headinvest LLC acquired a new stake in shares of FirstCash during the 3rd quarter worth approximately $50,000. Parkside Financial Bank & Trust lifted its holdings in shares of FirstCash by 39.9% in the 3rd quarter. Parkside Financial Bank & Trust now owns 701 shares of the company’s stock worth $70,000 after purchasing an additional 200 shares during the last quarter. Covestor Ltd boosted its position in FirstCash by 16.2% during the 3rd quarter. Covestor Ltd now owns 985 shares of the company’s stock valued at $99,000 after purchasing an additional 137 shares during the period. Finally, Park Avenue Securities LLC bought a new position in FirstCash during the 3rd quarter worth $213,000. 80.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FCFS has been the subject of several analyst reports. TD Cowen raised shares of FirstCash from a “hold” rating to a “buy” rating and boosted their price target for the company from $130.00 to $145.00 in a report on Wednesday, April 10th. Stephens boosted their target price on shares of FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd.

FirstCash Trading Up 1.5 %

Shares of FCFS stock opened at $132.50 on Wednesday. The firm has a market capitalization of $5.98 billion, a PE ratio of 27.60 and a beta of 0.62. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.96 and a current ratio of 3.89. FirstCash Holdings, Inc. has a 1 year low of $88.05 and a 1 year high of $133.46. The stock has a fifty day moving average of $122.05 and a two-hundred day moving average of $114.43.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, February 1st. The company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.25. FirstCash had a net margin of 6.96% and a return on equity of 14.42%. The firm had revenue of $852.13 million during the quarter, compared to analyst estimates of $859.23 million. During the same quarter in the prior year, the firm posted $1.65 EPS. FirstCash’s revenue was up 12.5% compared to the same quarter last year. As a group, research analysts expect that FirstCash Holdings, Inc. will post 6.93 EPS for the current year.

FirstCash Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $1.40 annualized dividend and a yield of 1.06%. FirstCash’s payout ratio is 29.17%.

Insider Buying and Selling

In other FirstCash news, CFO R Douglas Orr sold 3,000 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $116.25, for a total transaction of $348,750.00. Following the completion of the transaction, the chief financial officer now directly owns 94,715 shares of the company’s stock, valued at approximately $11,010,618.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other FirstCash news, CFO R Douglas Orr sold 3,000 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were 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 of the company’s stock, valued at approximately $11,010,618.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas Richard Rippel sold 5,916 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $115.09, for a total transaction of $680,872.44. Following the transaction, the director now owns 5,607,468 shares of the company’s stock, valued at approximately $645,363,492.12. The disclosure for this sale can be found here. Insiders have sold a total of 329,984 shares of company stock valued at $38,850,386 over the last quarter. Corporate insiders own 18.08% of the company’s stock.

FirstCash 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.