New York State Common Retirement Fund Increases Stock Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

New York State Common Retirement Fund increased its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 189,657 shares of the company's stock after acquiring an additional 4,552 shares during the quarter. New York State Common Retirement Fund owned approximately 0.42% of FirstCash worth $22,820,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in FirstCash in the fourth quarter valued at about $18,169,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in FirstCash by 13.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,008 shares of the company's stock valued at $1,037,000 after buying an additional 1,208 shares during the last quarter. HighTower Advisors LLC lifted its position in FirstCash by 13.6% in the fourth quarter. HighTower Advisors LLC now owns 8,502 shares of the company's stock valued at $881,000 after buying an additional 1,016 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in FirstCash by 33.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 12,602 shares of the company's stock valued at $1,306,000 after buying an additional 3,185 shares during the last quarter. Finally, Natixis Advisors LLC lifted its position in FirstCash by 10.2% in the fourth quarter. Natixis Advisors LLC now owns 175,305 shares of the company's stock valued at $18,162,000 after buying an additional 16,165 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, insider Howard F. Hambleton sold 3,900 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were 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 of the company's stock, valued at $4,252,737.33. This trade represents a 10.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.93% of the stock is currently owned by company insiders.

FirstCash Stock Down 0.5%

Shares of FCFS traded down $0.69 during mid-day trading on Friday, hitting $131.73. 48,862 shares of the company's stock were exchanged, compared to its average volume of 275,070. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 21.08 and a beta of 0.62. FirstCash Holdings, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $138.42. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.28 and a current ratio of 4.39. The stock's 50-day moving average is $130.46 and its 200-day moving average is $121.63.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.32. The business had revenue of $836.42 million for the quarter, compared to analysts' expectations of $837.11 million. FirstCash had a net margin of 8.29% and a return on equity of 16.08%. The business's quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 earnings per share. 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 company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were issued a $0.38 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.52 annualized dividend and a yield of 1.15%. FirstCash's dividend payout ratio (DPR) is 24.32%.

About FirstCash

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.