FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. raised its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 5.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,916 shares of the company’s stock after purchasing an additional 366 shares during the period. Pacer Advisors Inc.’s holdings in FirstCash were worth $725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in FCFS. Allspring Global Investments Holdings LLC purchased a new position in FirstCash in the first quarter worth approximately $26,000. Whittier Trust Co. lifted its position in shares of FirstCash by 62.2% during the 1st quarter. Whittier Trust Co. now owns 459 shares of the company’s stock worth $59,000 after purchasing an additional 176 shares during the last quarter. EntryPoint Capital LLC grew its stake in shares of FirstCash by 134.3% during the first quarter. EntryPoint Capital LLC now owns 841 shares of the company’s stock worth $107,000 after purchasing an additional 482 shares in the last quarter. Lazard Asset Management LLC increased its holdings in FirstCash by 220.3% in the first quarter. Lazard Asset Management LLC now owns 977 shares of the company’s stock valued at $124,000 after buying an additional 672 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in FirstCash by 15.4% in the second quarter. Parkside Financial Bank & Trust now owns 1,230 shares of the company’s stock valued at $129,000 after buying an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Analysts Set New Price Targets

Separately, BTIG Research initiated coverage on FirstCash in a report on Friday, June 7th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, FirstCash currently has an average rating of “Moderate Buy” and a consensus target price of $142.00.

Insider Activity

In related news, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $107.18, for a total transaction of $214,360.00. Following the transaction, the chief financial officer now owns 90,715 shares of the company’s stock, valued at $9,722,833.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Douglas Richard Rippel sold 3,374 shares of FirstCash stock in a transaction on Monday, September 9th. The shares were sold at an average price of $119.94, for a total value of $404,677.56. Following the transaction, the director now directly owns 4,731,869 shares in the company, valued at approximately $567,540,367.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $107.18, for a total transaction of $214,360.00. Following the transaction, the chief financial officer now owns 90,715 shares of the company’s stock, valued at approximately $9,722,833.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,154 shares of company stock valued at $1,912,562. Insiders own 14.77% of the company’s stock.

FirstCash Stock Performance

Shares of FCFS stock opened at $114.51 on Friday. The stock’s 50-day moving average is $115.51 and its two-hundred day moving average is $116.20. The company has a debt-to-equity ratio of 0.85, a quick ratio of 3.04 and a current ratio of 4.03. FirstCash Holdings, Inc. has a 1 year low of $97.13 and a 1 year high of $133.64. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 22.32 and a beta of 0.62.

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

FirstCash Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This is a positive change from FirstCash’s previous quarterly dividend of $0.35. This represents a $1.52 dividend on an annualized basis and a yield of 1.33%. FirstCash’s payout ratio is currently 29.63%.

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.