FirstCash Holdings, Inc. (NASDAQ:FCFS) Position Boosted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 36.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 8,461 shares of the company’s stock after buying an additional 2,271 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in FirstCash were worth $917,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Mitsubishi UFJ Trust & Banking Corp lifted its stake in FirstCash by 86.5% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 442 shares of the company’s stock valued at $44,000 after buying an additional 205 shares in the last quarter. Headinvest LLC acquired a new position in FirstCash in the 3rd quarter worth approximately $50,000. Parkside Financial Bank & Trust grew its position in FirstCash by 39.9% during 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 in the last quarter. Covestor Ltd raised its stake 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, Blue Trust Inc. lifted its holdings in shares of FirstCash by 20.5% in the fourth quarter. Blue Trust Inc. now owns 1,569 shares of the company’s stock valued at $157,000 after purchasing an additional 267 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at FirstCash

In related news, CFO R Douglas Orr sold 3,000 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $116.25, for a total value of $348,750.00. Following the transaction, the chief financial officer now directly owns 94,715 shares in the company, valued at approximately $11,010,618.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO R Douglas Orr sold 3,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now owns 94,715 shares in the company, valued at approximately $11,010,618.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Douglas Richard Rippel sold 31,930 shares of FirstCash stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $119.68, for a total value of $3,821,382.40. Following the completion of the transaction, the director now directly owns 5,767,238 shares in the company, valued at $690,223,043.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 329,984 shares of company stock worth $38,850,386. 18.08% of the stock is owned by insiders.

FirstCash Trading Up 1.0 %

Shares of NASDAQ:FCFS opened at $115.71 on Monday. The company has a current ratio of 3.99, a quick ratio of 2.96 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $5.22 billion, a PE ratio of 22.56 and a beta of 0.62. FirstCash Holdings, Inc. has a 1 year low of $88.05 and a 1 year high of $133.64. The firm has a fifty day moving average price of $122.13 and a 200 day moving average price of $114.85.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.05. FirstCash had a return on equity of 14.73% and a net margin of 7.23%. The company had revenue of $836.40 million during the quarter, compared to the consensus estimate of $846.08 million. During the same quarter in the prior year, the company posted $1.25 EPS. The firm’s revenue was up 9.7% on a year-over-year basis. Analysts expect that FirstCash Holdings, Inc. will post 6.79 EPS for the current fiscal year.

FirstCash Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, May 14th. FirstCash’s dividend payout ratio is 27.29%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FCFS shares. TD Cowen raised FirstCash from a “hold” rating to a “buy” rating and increased their price objective for the stock from $130.00 to $145.00 in a research note on Wednesday, April 10th. Stephens increased their price target on shares of FirstCash from $131.00 to $141.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd.

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.