Swiss National Bank Sells 700 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Swiss National Bank reduced its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 0.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 79,212 shares of the company’s stock after selling 700 shares during the quarter. Swiss National Bank’s holdings in FirstCash were worth $8,206,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. KBC Group NV raised its holdings in FirstCash by 20.5% in the 3rd quarter. KBC Group NV now owns 1,206 shares of the company’s stock worth $138,000 after acquiring an additional 205 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of FirstCash by 1.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 9,147 shares of the company’s stock worth $1,050,000 after purchasing an additional 138 shares in the last quarter. King Luther Capital Management Corp raised its stake in shares of FirstCash by 17.8% in the third quarter. King Luther Capital Management Corp now owns 29,176 shares of the company’s stock worth $3,349,000 after purchasing an additional 4,399 shares during the last quarter. Intech Investment Management LLC lifted its holdings in shares of FirstCash by 52.0% during the third quarter. Intech Investment Management LLC now owns 14,845 shares of the company’s stock valued at $1,704,000 after purchasing an additional 5,081 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of FirstCash by 8.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 498,260 shares of the company’s stock valued at $57,200,000 after buying an additional 37,810 shares during the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction on 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 directly owns 100,567 shares in the company, valued at approximately $11,399,269.45. The trade was a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total value of $34,029,000.00. Following the completion of the sale, the insider now owns 4,431,869 shares of the company’s stock, valued at approximately $502,706,900.67. The trade was a 6.34 % decrease in their position. The disclosure for this sale can be found here. Insiders own 14.77% of the company’s stock.

FirstCash Stock Performance

Shares of FCFS opened at $116.87 on Friday. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year high of $133.64. The business has a fifty day moving average of $113.74 and a 200 day moving average of $110.92. 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 firm has a market capitalization of $5.23 billion, a P/E ratio of 20.40 and a beta of 0.63.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. As a group, sell-side analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Friday, February 14th. FirstCash’s dividend payout ratio is presently 26.53%.

Analysts Set New Price Targets

Separately, Stephens reiterated an “overweight” rating and issued a $137.00 price target on shares of FirstCash in a research note on Wednesday, February 19th.

FirstCash 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.