Avantax Advisory Services Inc. Has $1.31 Million Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Avantax Advisory Services Inc. increased its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 33.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,602 shares of the company's stock after purchasing an additional 3,185 shares during the period. Avantax Advisory Services Inc.'s holdings in FirstCash were worth $1,306,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Parkside Financial Bank & Trust grew its stake in shares of FirstCash by 7.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company's stock worth $142,000 after purchasing an additional 94 shares during the period. Integrated Investment Consultants LLC grew its stake in shares of FirstCash by 2.3% during the fourth quarter. Integrated Investment Consultants LLC now owns 4,595 shares of the company's stock worth $476,000 after purchasing an additional 105 shares during the period. Sanctuary Advisors LLC grew its stake in shares of FirstCash by 1.8% during the fourth quarter. Sanctuary Advisors LLC now owns 7,347 shares of the company's stock worth $826,000 after purchasing an additional 127 shares during the period. J.Safra Asset Management Corp lifted its holdings in FirstCash by 38.8% during the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock worth $47,000 after acquiring an additional 127 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in FirstCash by 1.5% during the third quarter. Thrivent Financial for Lutherans now owns 9,147 shares of the company's stock worth $1,050,000 after acquiring an additional 138 shares in the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

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

FirstCash Stock Down 0.5 %

Shares of FirstCash stock traded down $0.59 during trading on Friday, reaching $116.87. The stock had a trading volume of 573,177 shares, compared to its average volume of 243,628. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 20.40 and a beta of 0.63. The stock has a fifty day moving average price of $113.74 and a two-hundred day moving average price of $110.92. FirstCash Holdings, Inc. has a 52 week low of $100.24 and a 52 week high of $133.64. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84.

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

FirstCash Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.30%. FirstCash's dividend payout ratio (DPR) is 26.53%.

Insider Activity at FirstCash

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

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.