Burney Co. Has $618,000 Stock Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Burney Co. increased its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 6.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,846 shares of the company’s stock after acquiring an additional 312 shares during the period. Burney Co.’s holdings in FirstCash were worth $618,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in FCFS. Atria Investments Inc acquired a new stake in FirstCash in the first quarter valued at approximately $1,189,000. Castleark Management LLC boosted its position in FirstCash by 1.5% in the first quarter. Castleark Management LLC now owns 73,230 shares of the company’s stock valued at $9,340,000 after buying an additional 1,070 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its position in FirstCash by 0.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 119,036 shares of the company’s stock valued at $15,182,000 after buying an additional 529 shares in the last quarter. Earnest Partners LLC boosted its position in FirstCash by 0.6% in the first quarter. Earnest Partners LLC now owns 2,288,464 shares of the company’s stock valued at $291,871,000 after buying an additional 14,283 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC boosted its position in FirstCash by 15.8% in the first quarter. Mount Yale Investment Advisors LLC now owns 2,963 shares of the company’s stock valued at $378,000 after buying an additional 405 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

FirstCash Stock Down 1.0 %

Shares of NASDAQ FCFS traded down $1.16 during mid-day trading on Friday, reaching $111.52. 399,529 shares of the company’s stock traded hands, compared to its average volume of 338,502. The stock has a market cap of $4.99 billion, a P/E ratio of 21.74 and a beta of 0.62. The business has a 50-day simple moving average of $109.56 and a 200 day simple moving average of $116.06. FirstCash Holdings, Inc. has a 1-year low of $88.05 and a 1-year high of $133.64. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.03 and a quick ratio of 3.04.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. The firm had revenue of $831.00 million during the quarter, compared to analysts’ expectations of $824.87 million. FirstCash had a net margin of 7.17% and a return on equity of 14.90%. The business’s revenue was up 10.7% on a year-over-year basis. During the same period last year, the company earned $1.22 earnings per share. On average, analysts expect that FirstCash Holdings, Inc. will post 6.56 EPS for the current fiscal year.

FirstCash Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.36%. This is an increase from FirstCash’s previous quarterly dividend of $0.35. The ex-dividend date is Thursday, August 15th. FirstCash’s dividend payout ratio is presently 27.29%.

Insiders Place Their Bets

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $116.53, for a total value of $233,060.00. Following the completion of the sale, the chief financial officer now directly owns 92,715 shares of the company’s stock, valued at approximately $10,804,078.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Douglas Richard Rippel sold 720,950 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $117.90, for a total transaction of $85,000,005.00. Following the sale, the director now directly owns 4,746,023 shares in the company, valued at approximately $559,556,111.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $116.53, for a total transaction of $233,060.00. Following the completion of the sale, the chief financial officer now owns 92,715 shares in the company, valued at $10,804,078.95. The disclosure for this sale can be found here. 14.77% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FCFS shares. TD Cowen raised shares of FirstCash from a “hold” rating to a “buy” rating and raised their price target for the company from $130.00 to $145.00 in a research note on Wednesday, April 10th. BTIG Research initiated coverage on shares of FirstCash in a research note on Friday, June 7th. They set a “neutral” rating for the company. Finally, Loop Capital raised shares of FirstCash from a “hold” rating to a “buy” rating and lifted their target price for the stock from $125.00 to $140.00 in a research note on Monday, April 29th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $142.00.

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.