Meeder Asset Management Inc. Buys Shares of 2,969 FirstCash Holdings, Inc. (NASDAQ:FCFS)

Meeder Asset Management Inc. purchased a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,969 shares of the company's stock, valued at approximately $357,000.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in FirstCash by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 4,112,978 shares of the company's stock worth $426,105,000 after buying an additional 22,009 shares during the last quarter. Earnest Partners LLC increased its holdings in FirstCash by 2.3% in the fourth quarter. Earnest Partners LLC now owns 2,338,671 shares of the company's stock worth $242,286,000 after buying an additional 52,409 shares during the last quarter. Fiduciary Management Inc. WI increased its holdings in FirstCash by 76.1% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,303,533 shares of the company's stock worth $135,046,000 after buying an additional 563,265 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in FirstCash by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,043,531 shares of the company's stock valued at $108,107,000 after purchasing an additional 9,264 shares during the last quarter. Finally, Stephens Investment Management Group LLC grew its holdings in FirstCash by 14.5% during the first 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 during the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

FirstCash Price Performance

Shares of FirstCash stock traded down $2.21 during trading on Friday, reaching $131.08. The company's stock had a trading volume of 535,361 shares, compared to its average volume of 308,514. The stock has a 50-day moving average price of $130.40 and a two-hundred day moving average price of $123.21. 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 Holdings, Inc. has a one year low of $100.24 and a one year high of $138.42. The stock has a market capitalization of $5.82 billion, a P/E ratio of 20.14 and a beta of 0.62.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $1.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.13. The business had revenue of $830.62 million during the quarter, compared to analysts' expectations of $820.42 million. FirstCash had a return on equity of 16.63% and a net margin of 8.61%. The firm's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.37 earnings per share. As a group, sell-side analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a $0.42 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.68 annualized dividend and a dividend yield of 1.3%. This is a boost from FirstCash's previous quarterly dividend of $0.38. FirstCash's payout ratio is presently 25.81%.

Insider Activity

In other FirstCash news, insider Howard F. Hambleton sold 3,900 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $130.93, for a total value of $510,627.00. Following the sale, the insider owned 32,481 shares in the company, valued at approximately $4,252,737.33. The trade was a 10.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.93% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded FirstCash from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th.

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.