FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by Invesco Ltd.

Invesco Ltd. trimmed its position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 20.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,607 shares of the company's stock after selling 24,193 shares during the period. Invesco Ltd. owned 0.21% of FirstCash worth $9,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Parkside Financial Bank & Trust increased its position in shares of FirstCash by 7.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company's stock valued at $142,000 after acquiring an additional 94 shares during the period. Integrated Investment Consultants LLC increased its position in shares of FirstCash by 2.3% in the 4th quarter. Integrated Investment Consultants LLC now owns 4,595 shares of the company's stock valued at $476,000 after acquiring an additional 105 shares during the period. Sanctuary Advisors LLC increased its position in shares of FirstCash by 1.8% in the 4th quarter. Sanctuary Advisors LLC now owns 7,347 shares of the company's stock valued at $826,000 after acquiring an additional 127 shares during the period. J.Safra Asset Management Corp increased its position in shares of FirstCash by 38.8% in the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock valued at $47,000 after acquiring an additional 127 shares during the period. Finally, EntryPoint Capital LLC increased its position in shares of FirstCash by 6.6% in the 4th quarter. EntryPoint Capital LLC now owns 2,319 shares of the company's stock valued at $240,000 after acquiring an additional 143 shares during the period. 80.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at FirstCash

In related news, major shareholder Douglas Richard Rippel sold 300,000 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the completion of the transaction, the insider now owns 4,431,869 shares in the company, valued at $502,706,900.67. This represents a 6.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total transaction of $226,700.00. Following the transaction, the chief financial officer now owns 100,567 shares of the company's stock, valued at approximately $11,399,269.45. This trade represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 14.77% of the company's stock.

FirstCash Stock Performance

NASDAQ:FCFS traded up $0.73 during mid-day trading on Monday, hitting $132.68. The company's stock had a trading volume of 641,559 shares, compared to its average volume of 271,086. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $134.15. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 23.16 and a beta of 0.58. The business's fifty day moving average is $118.63 and its two-hundred day moving average is $112.08.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its 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. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. The business had revenue of $836.42 million for the quarter, compared to analyst estimates of $837.11 million. During the same period in the prior year, the company posted $1.55 EPS. The company's revenue for the quarter was up .0% on a year-over-year basis. Analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Thursday, May 15th. FirstCash's payout ratio is currently 26.53%.

Analyst Upgrades and Downgrades

Separately, Stephens reaffirmed an "overweight" rating and issued a $137.00 price target on shares of FirstCash in a report on Wednesday, February 19th.

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.