FirstCash Holdings, Inc. $FCFS Shares Sold by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC decreased its stake in FirstCash Holdings, Inc. by 7.0%, now holding 26,555 shares valued at approximately $3.20 million.
• Several institutional investors have significantly adjusted their positions, with GAMMA Investing LLC increasing its holdings by 26,021.8% to 259,651 shares, valued at $31.24 million.
• FirstCash recently declared a quarterly dividend of $0.42, marking an increase from the previous quarterly dividend of $0.38, which reflects a 1.1% yield based on its annualized payout.

Intech Investment Management LLC trimmed its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 7.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,555 shares of the company's stock after selling 1,996 shares during the period. Intech Investment Management LLC owned approximately 0.06% of FirstCash worth $3,195,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Stephens Investment Management Group LLC grew its holdings in FirstCash by 14.5% during the 1st quarter. Stephens Investment Management Group LLC now owns 888,834 shares of the company's stock valued at $106,945,000 after purchasing an additional 112,349 shares in the last quarter. Boston Partners grew its holdings in FirstCash by 6.5% during the 1st quarter. Boston Partners now owns 650,458 shares of the company's stock valued at $78,385,000 after purchasing an additional 39,537 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in FirstCash by 14.3% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 640,521 shares of the company's stock worth $77,067,000 after acquiring an additional 79,930 shares in the last quarter. Nuveen LLC acquired a new position in FirstCash during the 1st quarter worth $55,340,000. Finally, Goldman Sachs Group Inc. grew its holdings in FirstCash by 9.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 389,509 shares of the company's stock worth $46,866,000 after acquiring an additional 34,364 shares in the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other FirstCash news, Director James H. Graves sold 6,000 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $134.56, for a total transaction of $807,360.00. Following the sale, the director directly owned 15,846 shares in the company, valued at approximately $2,132,237.76. The trade was a 27.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO R Douglas Orr sold 2,500 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $146.40, for a total transaction of $366,000.00. Following the sale, the chief financial officer owned 41,734 shares in the company, valued at $6,109,857.60. This trade represents a 5.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 111,500 shares of company stock worth $15,493,610. 2.93% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Jefferies Financial Group raised shares of FirstCash to a "strong-buy" rating in a report on Monday, August 18th. Wall Street Zen lowered shares of FirstCash from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Cowen reissued a "buy" rating on shares of FirstCash in a report on Monday, August 18th. Capital One Financial set a $160.00 price objective on shares of FirstCash in a report on Tuesday, August 5th. Finally, Loop Capital lowered shares of FirstCash from a "buy" rating to a "hold" rating and set a $145.00 price objective for the company. in a report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $143.00.

FirstCash Stock Performance

NASDAQ:FCFS traded up $1.19 during mid-day trading on Thursday, hitting $148.56. The stock had a trading volume of 196,585 shares, compared to its average volume of 249,226. The stock has a market capitalization of $6.59 billion, a price-to-earnings ratio of 22.82 and a beta of 0.70. The company has a 50 day simple moving average of $138.75 and a 200-day simple moving average of $130.36. FirstCash Holdings, Inc. has a 52 week low of $100.24 and a 52 week high of $150.92. The company has a current ratio of 4.21, a quick ratio of 3.12 and a debt-to-equity ratio of 0.79.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.13. The firm had revenue of $830.62 million for the quarter, compared to the consensus estimate of $820.42 million. FirstCash had a net margin of 8.61% and a return on equity of 16.63%. FirstCash's quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the firm posted $1.37 EPS. On average, research analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a dividend of $0.42 per share. This is a positive change from FirstCash's previous quarterly dividend of $0.38. The ex-dividend date was Friday, August 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.1%. FirstCash's payout ratio is presently 25.81%.

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.