Raymond James Financial Inc. Acquires New Position in EZCORP, Inc. (NASDAQ:EZPW)

Raymond James Financial Inc. acquired a new stake in EZCORP, Inc. (NASDAQ:EZPW - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 152,250 shares of the credit services provider's stock, valued at approximately $1,860,000. Raymond James Financial Inc. owned about 0.28% of EZCORP as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of EZCORP by 97.0% in the 4th quarter. GAMMA Investing LLC now owns 3,156 shares of the credit services provider's stock valued at $39,000 after acquiring an additional 1,554 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in EZCORP in the fourth quarter worth $122,000. LPL Financial LLC increased its stake in EZCORP by 39.3% in the fourth quarter. LPL Financial LLC now owns 14,430 shares of the credit services provider's stock valued at $176,000 after purchasing an additional 4,070 shares in the last quarter. R Squared Ltd acquired a new position in shares of EZCORP during the fourth quarter valued at about $186,000. Finally, Fox Run Management L.L.C. bought a new position in shares of EZCORP during the 4th quarter worth about $188,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the company. Roth Capital set a $16.00 target price on EZCORP in a research report on Monday, March 17th. Stephens reaffirmed an "equal weight" rating and set a $13.50 target price on shares of EZCORP in a research report on Thursday, February 6th. StockNews.com upgraded EZCORP from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Roth Mkm initiated coverage on shares of EZCORP in a report on Monday, March 17th. They set a "buy" rating and a $16.00 price objective on the stock. Finally, Canaccord Genuity Group decreased their target price on shares of EZCORP from $25.00 to $24.00 and set a "buy" rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $17.38.

EZCORP Price Performance

EZCORP stock traded down $0.08 during mid-day trading on Wednesday, hitting $14.66. 720,192 shares of the company traded hands, compared to its average volume of 694,556. EZCORP, Inc. has a one year low of $9.66 and a one year high of $16.60. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.91. The stock has a market cap of $806.51 million, a price-to-earnings ratio of 12.75 and a beta of 0.59. The stock has a fifty day moving average price of $14.92 and a 200-day moving average price of $13.25.

EZCORP (NASDAQ:EZPW - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The credit services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $306.32 million during the quarter, compared to analyst estimates of $310.35 million. EZCORP had a return on equity of 11.04% and a net margin of 7.25%. On average, equities analysts predict that EZCORP, Inc. will post 1.3 earnings per share for the current fiscal year.

EZCORP Company Profile

EZCORP, Inc provides pawn services in the United States and Latin America. The company operates through three segments: U.S. Pawn, Latin America Pawn, and Other Investments. The company offers pawn loans collateralized by tangible personal property, jewelry, consumer electronics, tools, sporting goods, and musical instruments.