FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Purchased by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC raised its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 103.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,596 shares of the company’s stock after acquiring an additional 23,647 shares during the quarter. Knights of Columbus Asset Advisors LLC owned approximately 0.10% of FirstCash worth $5,051,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Moneta Group Investment Advisors LLC lifted its holdings in FirstCash by 98,847.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,317,075 shares of the company’s stock valued at $375,197,000 after purchasing an additional 4,312,712 shares in the last quarter. Vanguard Group Inc. increased its stake in FirstCash by 19.9% during the 1st quarter. Vanguard Group Inc. now owns 4,396,960 shares of the company’s stock worth $309,282,000 after buying an additional 730,072 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of FirstCash by 608.9% during the first quarter. Envestnet Asset Management Inc. now owns 436,992 shares of the company’s stock valued at $6,571,000 after acquiring an additional 375,345 shares during the last quarter. BlackRock Inc. lifted its position in shares of FirstCash by 7.0% in the first quarter. BlackRock Inc. now owns 4,566,439 shares of the company’s stock valued at $435,501,000 after acquiring an additional 297,552 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of FirstCash by 1,230.1% in the first quarter. Rockefeller Capital Management L.P. now owns 286,990 shares of the company’s stock worth $27,369,000 after acquiring an additional 265,413 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

FirstCash Stock Up 1.3 %

FCFS stock opened at $130.41 on Friday. The firm’s 50 day moving average price is $121.52 and its 200-day moving average price is $113.81. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.96 and a current ratio of 3.89. The firm has a market cap of $5.88 billion, a PE ratio of 27.17 and a beta of 0.62. FirstCash Holdings, Inc. has a one year low of $88.05 and a one year high of $133.46.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, February 1st. The company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.25. The business had revenue of $852.13 million during the quarter, compared to analysts’ expectations of $859.23 million. FirstCash had a return on equity of 14.42% and a net margin of 6.96%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.65 EPS. On average, equities research analysts anticipate 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. Shareholders of record on Wednesday, February 14th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Tuesday, February 13th. FirstCash’s payout ratio is 29.17%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FCFS. Stephens raised their price target on shares of FirstCash from $131.00 to $141.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. TD Cowen upgraded FirstCash from a “hold” rating to a “buy” rating and boosted their target price for the stock from $130.00 to $145.00 in a report on Wednesday, April 10th.

Insiders Place Their Bets

In other news, Director Douglas Richard Rippel sold 17,395 shares of FirstCash stock in a transaction on Friday, March 15th. The stock was sold at an average price of $118.73, for a total value of $2,065,308.35. Following the completion of the sale, the director now directly 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 is available at this link. In other news, Director Douglas Richard Rippel sold 17,395 shares of the firm’s stock in a transaction that occurred 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 completion of 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. Also, CFO R Douglas Orr sold 3,000 shares of FirstCash 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 transaction, the chief financial officer now owns 94,715 shares of the company’s stock, valued at approximately $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 over the last ninety days. Corporate insiders own 18.08% of the company’s stock.

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.