Strs Ohio Has $921,000 Stake in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Strs Ohio increased its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 97.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,500 shares of the company’s stock after acquiring an additional 4,200 shares during the quarter. Strs Ohio’s holdings in FirstCash were worth $921,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of FirstCash by 86.5% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 442 shares of the company’s stock worth $44,000 after buying an additional 205 shares during the last quarter. Headinvest LLC bought a new position in shares of FirstCash in the 3rd quarter valued at $50,000. Parkside Financial Bank & Trust grew its position in FirstCash by 39.9% during the 3rd quarter. Parkside Financial Bank & Trust now owns 701 shares of the company’s stock worth $70,000 after acquiring an additional 200 shares during the last quarter. Covestor Ltd grew its position in shares of FirstCash by 16.2% in the 3rd quarter. Covestor Ltd now owns 985 shares of the company’s stock valued at $99,000 after buying an additional 137 shares during the last quarter. Finally, Blue Trust Inc. increased its position in FirstCash by 20.5% in the 4th quarter. Blue Trust Inc. now owns 1,569 shares of the company’s stock valued at $157,000 after buying an additional 267 shares in the last quarter. Institutional investors own 80.30% of the company’s stock.

Insiders Place Their Bets

In other news, Director Douglas Richard Rippel sold 17,395 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $118.73, for a total value of $2,065,308.35. Following the transaction, the director now owns 5,466,973 shares of the company’s stock, valued at $649,093,704.29. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Douglas Richard Rippel sold 17,395 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $118.73, for a total transaction of $2,065,308.35. Following the completion of the transaction, the director now owns 5,466,973 shares of the company’s stock, valued at $649,093,704.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO R Douglas Orr sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $116.25, for a total transaction of $348,750.00. Following the completion of the sale, the chief financial officer now directly owns 94,715 shares in the company, valued at $11,010,618.75. The disclosure for this sale can be found here. Insiders have sold 329,984 shares of company stock worth $38,850,386 in the last three months. 18.08% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FCFS has been the subject of several research reports. Stephens increased their price objective on FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. TD Cowen raised FirstCash from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $130.00 to $145.00 in a report on Wednesday, April 10th.

FirstCash Price Performance

FirstCash stock opened at $132.03 on Thursday. The firm has a market capitalization of $5.96 billion, a P/E ratio of 27.51 and a beta of 0.62. FirstCash Holdings, Inc. has a one year low of $88.05 and a one year high of $133.64. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.89 and a quick ratio of 2.96. The business has a fifty day moving average price of $122.28 and a 200-day moving average price of $114.56.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, February 1st. The company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.79 by $0.25. FirstCash had a return on equity of 14.42% and a net margin of 6.96%. The business had revenue of $852.13 million during the quarter, compared to the consensus estimate of $859.23 million. During the same quarter last year, the company earned $1.65 EPS. The firm’s revenue was up 12.5% compared to the same quarter last year. As a group, equities research analysts forecast that FirstCash Holdings, Inc. will post 6.93 EPS for the current year.

FirstCash Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Tuesday, February 13th. FirstCash’s dividend payout ratio (DPR) is presently 29.17%.

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.