Blueshift Asset Management LLC Makes New $263,000 Investment in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Blueshift Asset Management LLC bought a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,542 shares of the company's stock, valued at approximately $263,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. KBC Group NV increased its stake in shares of FirstCash by 20.5% during the third quarter. KBC Group NV now owns 1,206 shares of the company's stock worth $138,000 after buying an additional 205 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of FirstCash by 1.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 9,147 shares of the company's stock worth $1,050,000 after purchasing an additional 138 shares during the last quarter. Swiss National Bank grew its stake in shares of FirstCash by 5.8% during the third quarter. Swiss National Bank now owns 79,912 shares of the company's stock worth $9,174,000 after purchasing an additional 4,400 shares in the last quarter. King Luther Capital Management Corp increased its holdings in FirstCash by 17.8% in the third quarter. King Luther Capital Management Corp now owns 29,176 shares of the company's stock valued at $3,349,000 after buying an additional 4,399 shares during the last quarter. Finally, Intech Investment Management LLC boosted its position in shares of FirstCash by 52.0% during the 3rd quarter. Intech Investment Management LLC now owns 14,845 shares of the company's stock worth $1,704,000 after acquiring an additional 5,081 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company's stock.

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Analysts Set New Price Targets

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

FirstCash Stock Up 1.3 %

NASDAQ:FCFS traded up $1.59 during midday trading on Wednesday, hitting $120.18. 168,847 shares of the company were exchanged, compared to its average volume of 243,482. FirstCash Holdings, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $133.64. The company has a market capitalization of $5.38 billion, a PE ratio of 20.97 and a beta of 0.63. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84. The company has a fifty day simple moving average of $114.09 and a 200 day simple moving average of $110.80.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, topping 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, equities analysts anticipate that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, February 14th. FirstCash's payout ratio is currently 26.53%.

Insider Transactions at FirstCash

In other news, major shareholder Douglas Richard Rippel sold 300,000 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The stock was 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 in the company, valued at $502,706,900.67. This represents a 6.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO R Douglas Orr sold 2,000 shares of FirstCash 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 completion of the transaction, the chief financial officer now owns 100,567 shares in the company, valued at approximately $11,399,269.45. This trade 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 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.