FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by American Century Companies Inc.

American Century Companies Inc. reduced its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 94.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,812 shares of the company's stock after selling 152,867 shares during the period. American Century Companies Inc.'s holdings in FirstCash were worth $1,017,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FCFS. Verition Fund Management LLC increased its holdings in shares of FirstCash by 8.5% in the 3rd quarter. Verition Fund Management LLC now owns 3,604 shares of the company's stock valued at $414,000 after acquiring an additional 283 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of FirstCash by 2.7% during the 3rd quarter. HighTower Advisors LLC now owns 7,486 shares of the company's stock worth $856,000 after buying an additional 195 shares during the last quarter. State Street Corp boosted its holdings in shares of FirstCash by 2.1% in the 3rd quarter. State Street Corp now owns 1,386,726 shares of the company's stock valued at $159,196,000 after buying an additional 28,415 shares in the last quarter. MML Investors Services LLC raised its stake in FirstCash by 185.2% during the 3rd quarter. MML Investors Services LLC now owns 6,697 shares of the company's stock worth $769,000 after acquiring an additional 4,349 shares in the last quarter. Finally, Barclays PLC boosted its stake in FirstCash by 163.8% in the third quarter. Barclays PLC now owns 81,807 shares of the company's stock valued at $9,391,000 after acquiring an additional 50,799 shares in the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

FirstCash Stock Performance

FCFS traded down $0.40 on Wednesday, hitting $120.58. 11,838 shares of the company traded hands, compared to its average volume of 268,466. The company has a 50 day moving average of $117.05 and a 200-day moving average of $111.38. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $133.64. The stock has a market capitalization of $5.40 billion, a PE ratio of 21.04 and a beta of 0.58. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. Sell-side analysts anticipate that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Friday, February 14th. FirstCash's payout ratio is 26.53%.

Insider Activity

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

About FirstCash

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.