6,967 Shares in FirstCash Holdings, Inc. (NASDAQ:FCFS) Acquired by Sciencast Management LP

Sciencast Management LP bought a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,967 shares of the company’s stock, valued at approximately $645,000.

Several other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. boosted its position in FirstCash by 7.0% during the 1st quarter. BlackRock Inc. now owns 4,566,439 shares of the company’s stock worth $435,501,000 after buying an additional 297,552 shares during the period. Vanguard Group Inc. boosted its position in FirstCash by 19.9% during the 1st quarter. Vanguard Group Inc. now owns 4,396,960 shares of the company’s stock worth $309,282,000 after buying an additional 730,072 shares during the period. Moneta Group Investment Advisors LLC boosted its position in FirstCash by 98,847.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,317,075 shares of the company’s stock worth $375,197,000 after buying an additional 4,312,712 shares during the period. Earnest Partners LLC lifted its position in shares of FirstCash by 9.6% in the 4th quarter. Earnest Partners LLC now owns 2,285,782 shares of the company’s stock worth $198,657,000 after purchasing an additional 200,845 shares during the period. Finally, State Street Corp lifted its position in shares of FirstCash by 2.9% in the 1st quarter. State Street Corp now owns 1,286,758 shares of the company’s stock worth $90,511,000 after purchasing an additional 36,555 shares during the period. 77.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on FCFS shares. StockNews.com started coverage on shares of FirstCash in a research report on Wednesday, August 23rd. They issued a “buy” rating on the stock. Stephens restated an “overweight” rating and issued a $120.00 price target on shares of FirstCash in a research report on Tuesday, September 12th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, FirstCash presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.00.

FirstCash Stock Down 0.4 %

FirstCash stock opened at $95.36 on Tuesday. The company has a quick ratio of 2.81, a current ratio of 3.66 and a debt-to-equity ratio of 0.74. FirstCash Holdings, Inc. has a 12-month low of $72.45 and a 12-month high of $105.68. The firm’s fifty day moving average is $94.00 and its 200 day moving average is $96.83. The company has a market capitalization of $4.30 billion, a PE ratio of 19.19 and a beta of 0.82.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, July 27th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.16. FirstCash had a net margin of 7.90% and a return on equity of 13.47%. The company had revenue of $750.62 million for the quarter, compared to the consensus estimate of $743.44 million. During the same quarter in the previous year, the company earned $1.08 EPS. As a group, sell-side analysts predict that FirstCash Holdings, Inc. will post 5.54 EPS for the current fiscal year.

FirstCash Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 15th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Monday, August 14th. This is an increase from FirstCash’s previous quarterly dividend of $0.33. FirstCash’s payout ratio is presently 28.06%.

Insider Activity at FirstCash

In related news, Director Douglas Richard Rippel sold 37,024 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $99.97, for a total transaction of $3,701,289.28. Following the transaction, the director now owns 6,983,280 shares in the company, valued at approximately $698,118,501.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 121,222 shares of company stock worth $12,066,325 in the last quarter. Company 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. 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.