Fiduciary Management Inc. WI Decreases Stake in FirstCash Holdings, Inc. $FCFS

Fiduciary Management Inc. WI decreased its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 24.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 964,280 shares of the company’s stock after selling 320,231 shares during the period. FirstCash accounts for 1.7% of Fiduciary Management Inc. WI’s holdings, making the stock its 28th biggest position. Fiduciary Management Inc. WI’s holdings in FirstCash were worth $153,687,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in FirstCash by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 4,096,956 shares of the company’s stock valued at $649,040,000 after buying an additional 83,113 shares during the last quarter. Geode Capital Management LLC grew its position in shares of FirstCash by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 1,043,699 shares of the company’s stock valued at $166,367,000 after acquiring an additional 31,550 shares during the period. Sei Investments Co. grew its position in shares of FirstCash by 4.0% during the 3rd quarter. Sei Investments Co. now owns 742,610 shares of the company’s stock valued at $117,644,000 after acquiring an additional 28,704 shares during the period. AQR Capital Management LLC grew its position in shares of FirstCash by 67.6% during the 3rd quarter. AQR Capital Management LLC now owns 623,059 shares of the company’s stock valued at $97,503,000 after acquiring an additional 251,305 shares during the period. Finally, Northern Trust Corp grew its position in shares of FirstCash by 0.3% during the 3rd quarter. Northern Trust Corp now owns 539,634 shares of the company’s stock valued at $85,489,000 after acquiring an additional 1,771 shares during the period. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Insider Activity at FirstCash

In other news, Director Paula K. Garrett sold 1,500 shares of FirstCash stock in a transaction on Friday, May 1st. The shares were sold at an average price of $217.40, for a total transaction of $326,100.00. Following the completion of the sale, the director directly owned 6,564 shares of the company’s stock, valued at approximately $1,427,013.60. The trade was a 18.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Raul Ramos sold 3,165 shares of FirstCash stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $231.13, for a total transaction of $731,526.45. Following the sale, the senior vice president directly owned 27,235 shares of the company’s stock, valued at $6,294,825.55. This represents a 10.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,665 shares of company stock worth $4,703,656 in the last three months. 2.86% of the stock is owned by insiders.

FirstCash Stock Up 1.3%

Shares of NASDAQ:FCFS opened at $225.44 on Friday. The firm has a fifty day moving average price of $213.54 and a two-hundred day moving average price of $186.70. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.77 and a quick ratio of 3.42. FirstCash Holdings, Inc. has a one year low of $119.21 and a one year high of $235.97. The company has a market cap of $9.88 billion, a price-to-earnings ratio of 28.25 and a beta of 0.52.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.30 by $0.39. FirstCash had a net margin of 9.15% and a return on equity of 18.68%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the firm earned $2.07 EPS. The business’s quarterly revenue was up 25.7% compared to the same quarter last year. Analysts anticipate that FirstCash Holdings, Inc. will post 11.3 EPS for the current fiscal year.

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, May 15th. FirstCash’s payout ratio is currently 21.05%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FCFS. Wall Street Zen downgraded shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. TD Cowen increased their target price on shares of FirstCash from $205.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Canaccord Genuity Group raised their price objective on shares of FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Zacks Research upgraded shares of FirstCash from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings lowered shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $198.00.

About FirstCash

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.