Intech Investment Management LLC Sells 11,590 Shares of FirstCash Holdings, Inc. $FCFS

Intech Investment Management LLC decreased its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 34.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,872 shares of the company’s stock after selling 11,590 shares during the period. Intech Investment Management LLC’s holdings in FirstCash were worth $3,465,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Root Financial Partners LLC bought a new stake in shares of FirstCash during the 3rd quarter worth $25,000. Rothschild Investment LLC grew its position in FirstCash by 127.8% in the third quarter. Rothschild Investment LLC now owns 180 shares of the company’s stock worth $29,000 after acquiring an additional 101 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in FirstCash by 70.5% in the third quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock valued at $34,000 after acquiring an additional 91 shares during the last quarter. Jones Financial Companies Lllp raised its position in FirstCash by 262.5% during the third quarter. Jones Financial Companies Lllp now owns 377 shares of the company’s stock valued at $58,000 after purchasing an additional 273 shares in the last quarter. Finally, Covestor Ltd lifted its stake in FirstCash by 130.7% during the third quarter. Covestor Ltd now owns 413 shares of the company’s stock worth $65,000 after purchasing an additional 234 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Insider Transactions at FirstCash

In related news, COO Thomas Brent Stuart sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $182.53, for a total value of $1,825,300.00. Following the sale, the chief operating officer directly owned 150,846 shares of the company’s stock, valued at $27,533,920.38. This trade represents a 6.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $182.99, for a total value of $365,980.00. Following the transaction, the chief financial officer directly owned 36,734 shares of the company’s stock, valued at $6,721,954.66. The trade was a 5.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 30,500 shares of company stock worth $5,438,945. Company insiders own 14.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on FCFS. Canaccord Genuity Group set a $217.00 price objective on FirstCash in a research report on Friday, February 6th. Wall Street Zen cut shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 15th. Weiss Ratings restated a “buy (b)” rating on shares of FirstCash in a report on Monday, December 29th. Finally, Zacks Research lowered shares of FirstCash from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.50.

FirstCash Stock Performance

Shares of FCFS stock opened at $192.79 on Monday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.36 and a current ratio of 4.55. FirstCash Holdings, Inc. has a fifty-two week low of $109.51 and a fifty-two week high of $193.96. The stock has a 50 day moving average price of $172.04 and a two-hundred day moving average price of $159.93. The company has a market capitalization of $8.48 billion, a P/E ratio of 25.98 and a beta of 0.46.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, February 5th. The company reported $2.64 EPS for the quarter, topping the consensus estimate of $2.54 by $0.10. FirstCash had a net margin of 9.02% and a return on equity of 17.99%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the firm earned $2.12 earnings per share. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. Analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 18th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, February 18th. FirstCash’s dividend payout ratio is 22.64%.

FirstCash Company Profile

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.