Integrated Investment Consultants LLC Reduces Stock Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Integrated Investment Consultants LLC lessened its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 4.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,490 shares of the company’s stock after selling 196 shares during the quarter. Integrated Investment Consultants LLC’s holdings in FirstCash were worth $515,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Earnest Partners LLC boosted its stake in shares of FirstCash by 2.4% in the second quarter. Earnest Partners LLC now owns 2,344,383 shares of the company’s stock valued at $245,879,000 after purchasing an additional 55,919 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of FirstCash by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,057,049 shares of the company’s stock valued at $110,867,000 after purchasing an additional 15,780 shares during the period. Hood River Capital Management LLC boosted its stake in shares of FirstCash by 6.3% in the first quarter. Hood River Capital Management LLC now owns 879,700 shares of the company’s stock valued at $112,197,000 after purchasing an additional 52,362 shares during the period. Sei Investments Co. boosted its stake in shares of FirstCash by 3.2% in the second quarter. Sei Investments Co. now owns 631,303 shares of the company’s stock valued at $66,211,000 after purchasing an additional 19,868 shares during the period. Finally, Boston Partners boosted its stake in shares of FirstCash by 17.8% in the first quarter. Boston Partners now owns 621,534 shares of the company’s stock valued at $78,347,000 after purchasing an additional 94,010 shares during the period. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Wall Street Analyst Weigh In

FCFS has been the topic of several analyst reports. TD Cowen reduced their target price on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Stephens began coverage on shares of FirstCash in a research report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 target price on the stock.

Insider Transactions at FirstCash

In other FirstCash news, Director Douglas Richard Rippel sold 2,864 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $120.01, for a total value of $343,708.64. Following the completion of the transaction, the director now owns 4,743,159 shares in the company, valued at $569,226,511.59. This represents a 0.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the transaction, the chief financial officer now owns 88,715 shares of the company’s stock, valued at approximately $9,375,401.20. This represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,154 shares of company stock worth $1,909,562. 14.77% of the stock is currently owned by company insiders.

FirstCash Trading Down 2.1 %

Shares of FCFS stock opened at $102.97 on Friday. The firm has a 50-day moving average price of $111.06 and a 200 day moving average price of $112.38. FirstCash Holdings, Inc. has a twelve month low of $101.62 and a twelve month high of $133.64. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 19.07 and a beta of 0.64. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.05. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The firm had revenue of $837.30 million during the quarter, compared to the consensus estimate of $843.94 million. During the same quarter in the previous year, the company posted $1.56 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. Research analysts forecast that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Friday, November 15th. FirstCash’s payout ratio is currently 28.15%.

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.