Russell Investments Group Ltd. Cuts Stock Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Russell Investments Group Ltd. reduced its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 14.7% in the 4th quarter, Holdings Channel reports. The fund owned 72,863 shares of the company’s stock after selling 12,537 shares during the period. Russell Investments Group Ltd.’s holdings in FirstCash were worth $7,898,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Monument Capital Management acquired a new position in shares of FirstCash in the fourth quarter worth about $2,135,000. Sei Investments Co. raised its holdings in FirstCash by 17.4% in the 3rd quarter. Sei Investments Co. now owns 426,752 shares of the company’s stock worth $42,837,000 after purchasing an additional 63,219 shares during the period. FMR LLC grew its holdings in FirstCash by 2.3% in the third quarter. FMR LLC now owns 6,556,669 shares of the company’s stock valued at $658,158,000 after purchasing an additional 145,821 shares during the period. Pathstone Family Office LLC acquired a new stake in FirstCash in the 3rd quarter valued at $297,000. Finally, Annex Advisory Services LLC increased its holdings in FirstCash by 46.2% in the 3rd quarter. Annex Advisory Services LLC now owns 55,304 shares of the company’s stock worth $5,551,000 after acquiring an additional 17,486 shares in the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

FirstCash Trading Up 2.1 %

Shares of FCFS stock opened at $119.02 on Wednesday. The company has a 50-day moving average of $121.82 and a two-hundred day moving average of $115.37. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.99 and a quick ratio of 3.03. FirstCash Holdings, Inc. has a 1-year low of $88.05 and a 1-year high of $133.64. The firm has a market cap of $5.41 billion, a PE ratio of 23.20 and a beta of 0.63.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.55 earnings per share 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 for the quarter, compared to the consensus estimate of $846.08 million. During the same quarter in the prior year, the business earned $1.25 EPS. FirstCash’s revenue was up 9.7% on a year-over-year basis. On average, analysts predict that FirstCash Holdings, Inc. will post 6.75 EPS for the current year.

FirstCash Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.18%. The ex-dividend date is Tuesday, May 14th. FirstCash’s dividend payout ratio (DPR) is presently 27.29%.

Insider Buying and Selling at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $116.53, for a total transaction of $233,060.00. Following the completion of the transaction, the chief financial officer now owns 92,715 shares in the company, valued at $10,804,078.95. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Douglas Richard Rippel sold 17,395 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $118.73, for a total value of $2,065,308.35. Following the completion of the transaction, the director now owns 5,466,973 shares in the company, valued at approximately $649,093,704.29. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction on Monday, May 6th. The stock was sold at an average price of $116.53, for a total transaction of $233,060.00. Following the sale, the chief financial officer now owns 92,715 shares in the company, valued at $10,804,078.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 283,996 shares of company stock valued at $33,488,004. Insiders own 18.08% of the company’s stock.

Analyst Upgrades and Downgrades

FCFS has been the topic of several research analyst reports. Stephens lifted their target price on shares of FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Loop Capital upgraded FirstCash from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $125.00 to $140.00 in a research note on Monday, April 29th. Finally, TD Cowen raised FirstCash from a “hold” rating to a “buy” rating and increased their price objective for the company from $130.00 to $145.00 in a research note on Wednesday, April 10th.

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.