Allspring Global Investments Holdings LLC Buys New Shares in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Allspring Global Investments Holdings LLC bought a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,309 shares of the company's stock, valued at approximately $343,000.

Several other hedge funds have also made changes to their positions in the stock. Creative Planning raised its position in FirstCash by 39.2% in the third quarter. Creative Planning now owns 14,093 shares of the company's stock worth $1,618,000 after purchasing an additional 3,966 shares in the last quarter. Louisiana State Employees Retirement System raised its position in FirstCash by 2.9% in the third quarter. Louisiana State Employees Retirement System now owns 10,800 shares of the company's stock worth $1,240,000 after purchasing an additional 300 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in FirstCash in the third quarter worth about $133,000. Wealth Enhancement Advisory Services LLC raised its position in FirstCash by 13.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,717 shares of the company's stock worth $312,000 after purchasing an additional 312 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in FirstCash by 6.5% in the third quarter. State of Alaska Department of Revenue now owns 8,519 shares of the company's stock worth $977,000 after purchasing an additional 520 shares in the last quarter. Institutional investors own 80.30% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Stephens reissued an "overweight" rating and issued a $137.00 price target on shares of FirstCash in a research report on Wednesday, February 19th.

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Insider Activity

In other news, major shareholder Douglas Richard Rippel sold 300,000 shares of the firm's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total value of $34,029,000.00. Following the transaction, the insider now directly owns 4,431,869 shares in the company, valued at $502,706,900.67. This trade represents a 6.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO R Douglas Orr sold 2,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total value of $226,700.00. Following the completion of the transaction, the chief financial officer now owns 100,567 shares in the company, valued at $11,399,269.45. This represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 14.77% of the company's stock.

FirstCash Price Performance

Shares of NASDAQ FCFS traded up $1.31 during mid-day trading on Friday, hitting $112.28. 232,672 shares of the stock were exchanged, compared to its average volume of 236,097. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $133.64. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14. The stock's fifty day simple moving average is $110.44 and its two-hundred day simple moving average is $111.21. The company has a market cap of $5.03 billion, a P/E ratio of 19.60 and a beta of 0.67.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.02 by $0.10. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. As a group, analysts forecast that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.35%. FirstCash's dividend payout ratio (DPR) is currently 26.53%.

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.