FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 32.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 170,407 shares of the company's stock after selling 80,769 shares during the quarter. Victory Capital Management Inc. owned approximately 0.38% of FirstCash worth $20,503,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Xponance Inc. boosted its stake in FirstCash by 1.6% during the first quarter. Xponance Inc. now owns 5,552 shares of the company's stock worth $668,000 after buying an additional 87 shares during the last quarter. MBM Wealth Consultants LLC boosted its stake in FirstCash by 1.6% during the first quarter. MBM Wealth Consultants LLC now owns 5,757 shares of the company's stock worth $693,000 after buying an additional 90 shares during the last quarter. State of Michigan Retirement System boosted its stake in FirstCash by 1.1% during the first quarter. State of Michigan Retirement System now owns 9,315 shares of the company's stock worth $1,121,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in FirstCash by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company's stock worth $1,311,000 after buying an additional 100 shares during the last quarter. Finally, Bank of Nova Scotia lifted its stake in shares of FirstCash by 3.6% in the 4th quarter. Bank of Nova Scotia now owns 3,403 shares of the company's stock valued at $353,000 after purchasing an additional 117 shares during the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Transactions at FirstCash

In other news, insider Howard F. Hambleton sold 3,900 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $130.93, for a total value of $510,627.00. Following the completion of the sale, the insider owned 32,481 shares of the company's stock, valued at $4,252,737.33. This represents a 10.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.93% of the company's stock.

FirstCash Price Performance

Shares of FirstCash stock traded down $0.01 during trading on Friday, reaching $122.28. The company's stock had a trading volume of 265,831 shares, compared to its average volume of 294,964. The company has a quick ratio of 3.28, a current ratio of 4.39 and a debt-to-equity ratio of 0.83. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $138.42. The company has a market capitalization of $5.43 billion, a P/E ratio of 19.56 and a beta of 0.62. The business has a 50 day moving average price of $130.51 and a 200-day moving average price of $122.57.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $1.79 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.13. FirstCash had a return on equity of 16.08% and a net margin of 8.29%. The company had revenue of $830.62 million for the quarter, compared to the consensus estimate of $820.42 million. During the same period in the previous year, the business earned $1.37 earnings per share. FirstCash's quarterly revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.37%. This is an increase from FirstCash's previous quarterly dividend of $0.38. FirstCash's payout ratio is 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.