Vaughan Nelson Investment Management L.P. Increases Stock Holdings in FirstCash Holdings, Inc. $FCFS

Vaughan Nelson Investment Management L.P. increased its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFSFree Report) by 9.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 474,977 shares of the company’s stock after acquiring an additional 40,535 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in FirstCash were worth $89,296,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in FirstCash by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,946 shares of the company’s stock worth $2,761,000 after purchasing an additional 1,021 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of FirstCash by 9.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 389,509 shares of the company’s stock valued at $46,866,000 after buying an additional 34,364 shares during the period. Jane Street Group LLC increased its holdings in shares of FirstCash by 237.2% during the 1st quarter. Jane Street Group LLC now owns 62,057 shares of the company’s stock worth $7,467,000 after buying an additional 43,653 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of FirstCash by 4.9% during the 2nd quarter. American Century Companies Inc. now owns 14,187 shares of the company’s stock worth $1,917,000 after buying an additional 666 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of FirstCash by 67.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 20,872 shares of the company’s stock valued at $2,821,000 after buying an additional 8,402 shares during the period. 80.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $227.29, for a total transaction of $454,580.00. Following the completion of the sale, the chief financial officer directly owned 35,734 shares of the company’s stock, valued at $8,121,980.86. This represents a 5.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paula K. Garrett sold 1,500 shares of FirstCash stock in a transaction on Friday, May 1st. The shares were sold at an average price of $217.40, for a total transaction of $326,100.00. Following the completion of the transaction, the director owned 6,564 shares in the company, valued at approximately $1,427,013.60. This trade represents a 18.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 27,500 shares of company stock valued at $6,243,104. 2.86% of the stock is owned by insiders.

FirstCash Stock Performance

Shares of NASDAQ FCFS opened at $227.05 on Monday. FirstCash Holdings, Inc. has a twelve month low of $119.21 and a twelve month high of $235.97. The stock has a fifty day simple moving average of $219.43 and a 200-day simple moving average of $191.69. The stock has a market capitalization of $9.95 billion, a PE ratio of 28.45 and a beta of 0.52. The company has a current ratio of 4.77, a quick ratio of 3.42 and a debt-to-equity ratio of 0.98.

FirstCash (NASDAQ:FCFSGet Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.39. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1 billion. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.The business’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.07 EPS. On average, equities analysts forecast that FirstCash Holdings, Inc. will post 11.3 earnings per share for the current year.

FirstCash Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a $0.42 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.68 annualized dividend and a yield of 0.7%. FirstCash’s dividend payout ratio is 21.05%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FCFS. Weiss Ratings cut FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, April 27th. TD Cowen raised their target price on FirstCash from $205.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Zacks Research upgraded FirstCash from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Wall Street Zen lowered FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Canaccord Genuity Group increased their price target on FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, FirstCash has an average rating of “Buy” and an average price target of $198.00.

View Our Latest Stock Report on FCFS

FirstCash Company Profile

(Free Report)

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.

Further Reading

Want to see what other hedge funds are holding FCFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FirstCash Holdings, Inc. (NASDAQ:FCFSFree Report).

Institutional Ownership by Quarter for FirstCash (NASDAQ:FCFS)

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