Occudo Quantitative Strategies LP Takes $340,000 Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Occudo Quantitative Strategies LP purchased a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,282 shares of the company's stock, valued at approximately $340,000.

A number of other institutional investors have also modified their holdings of the company. Rialto Wealth Management LLC acquired a new position in FirstCash in the 4th quarter valued at $31,000. J.Safra Asset Management Corp grew its position in shares of FirstCash by 38.8% in the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock valued at $47,000 after purchasing an additional 127 shares during the period. Quarry LP increased its stake in FirstCash by 986.5% in the fourth quarter. Quarry LP now owns 565 shares of the company's stock valued at $59,000 after purchasing an additional 513 shares during the last quarter. Hurley Capital LLC purchased a new position in FirstCash during the fourth quarter worth about $74,000. Finally, R Squared Ltd acquired a new stake in FirstCash in the 4th quarter worth about $92,000. Institutional investors and hedge funds own 80.30% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Stephens reissued an "overweight" rating and issued a $137.00 target price on shares of FirstCash in a research report on Wednesday, February 19th. StockNews.com upgraded FirstCash from a "buy" rating to a "strong-buy" rating in a report on Friday, May 2nd.

FirstCash Trading Down 1.0%

Shares of NASDAQ:FCFS traded down $1.27 during trading on Wednesday, reaching $125.86. 46,161 shares of the stock were exchanged, compared to its average volume of 276,416. The firm's 50-day moving average price is $124.37 and its 200 day moving average price is $114.55. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 21.97 and a beta of 0.63. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $135.57. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $2.07 earnings per share for the quarter, beating analysts' consensus estimates of $1.75 by $0.32. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. The firm had revenue of $836.42 million for the quarter, compared to analysts' expectations of $837.11 million. During the same period in the previous year, the company posted $1.55 earnings per share. FirstCash's revenue was up .0% compared to the same quarter last year. On average, sell-side analysts anticipate that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, May 15th. FirstCash's dividend payout ratio (DPR) is presently 24.32%.

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.