Intech Investment Management LLC Has $3.20 Million Position in FirstCash Holdings, Inc. $FCFS

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

Several other hedge funds have also added to or reduced their stakes in FCFS. Nuveen LLC acquired a new position in shares of FirstCash in the first quarter valued at $55,340,000. GAMMA Investing LLC boosted its holdings in shares of FirstCash by 26,021.8% during the 1st quarter. GAMMA Investing LLC now owns 259,651 shares of the company's stock worth $31,241,000 after buying an additional 258,657 shares during the period. Tidal Investments LLC acquired a new position in FirstCash in the 4th quarter valued at about $21,701,000. Millennium Management LLC grew its stake in FirstCash by 332.5% in the 4th quarter. Millennium Management LLC now owns 194,389 shares of the company's stock valued at $20,139,000 after buying an additional 149,439 shares during the last quarter. Finally, Stephens Investment Management Group LLC raised its holdings in FirstCash by 14.5% in the 1st quarter. Stephens Investment Management Group LLC now owns 888,834 shares of the company's stock valued at $106,945,000 after acquiring an additional 112,349 shares during the period. Institutional investors and hedge funds own 80.30% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on FCFS shares. Wall Street Zen downgraded FirstCash from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Capital One Financial set a $160.00 price target on FirstCash in a research note on Tuesday, August 5th. Jefferies Financial Group upgraded FirstCash to a "strong-buy" rating in a research report on Monday, August 18th. Loop Capital cut shares of FirstCash from a "buy" rating to a "hold" rating and set a $145.00 target price for the company. in a research report on Friday, September 5th. Finally, Cowen reaffirmed a "buy" rating on shares of FirstCash in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $143.00.

FirstCash Price Performance

FirstCash stock opened at $146.34 on Friday. The stock's 50 day moving average is $137.70 and its 200 day moving average is $129.51. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year high of $150.92. The firm has a market cap of $6.49 billion, a P/E ratio of 22.48 and a beta of 0.70. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.21 and a quick ratio of 3.12.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $1.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.13. The company had revenue of $830.62 million for the quarter, compared to analysts' expectations of $820.42 million. FirstCash had a net margin of 8.61% and a return on equity of 16.63%. The business's revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.37 EPS. As a group, research analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current 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 paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.68 dividend on an annualized basis and a yield of 1.1%. This is a boost from FirstCash's previous quarterly dividend of $0.38. FirstCash's dividend payout ratio is presently 25.81%.

Insider Transactions at FirstCash

In other news, CEO Rick L. Wessel sold 69,024 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $138.49, for a total transaction of $9,559,133.76. Following the completion of the transaction, the chief executive officer directly owned 932,958 shares of the company's stock, valued at approximately $129,205,353.42. This represents a 6.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO R Douglas Orr sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $148.41, for a total value of $445,230.00. Following the transaction, the chief financial officer owned 97,567 shares of the company's stock, valued at approximately $14,479,918.47. This represents a 2.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 111,500 shares of company stock valued at $15,493,610 in the last quarter. Insiders own 2.93% of the company's stock.

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.

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