FirstCash Holdings, Inc. (NASDAQ:FCFS) Position Decreased by Boston Partners

Boston Partners decreased its position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 610,921 shares of the company's stock after selling 67,453 shares during the quarter. Boston Partners owned 1.36% of FirstCash worth $64,048,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. KBC Group NV boosted its holdings in shares of FirstCash by 20.5% in the 3rd quarter. KBC Group NV now owns 1,206 shares of the company's stock valued at $138,000 after buying an additional 205 shares during the period. Natixis Advisors LLC raised its stake in FirstCash by 174.3% during the third quarter. Natixis Advisors LLC now owns 159,140 shares of the company's stock worth $18,269,000 after acquiring an additional 101,130 shares during the period. Thrivent Financial for Lutherans lifted its holdings in FirstCash by 1.5% in 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 during the last quarter. Swiss National Bank boosted its stake in FirstCash by 5.8% in the third quarter. Swiss National Bank now owns 79,912 shares of the company's stock valued at $9,174,000 after acquiring an additional 4,400 shares during the period. Finally, King Luther Capital Management Corp raised its position in shares of FirstCash by 17.8% during the 3rd quarter. King Luther Capital Management Corp now owns 29,176 shares of the company's stock worth $3,349,000 after purchasing an additional 4,399 shares during the period. Institutional investors and hedge funds own 80.30% of the company's stock.

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Insider Transactions at FirstCash

In related news, major shareholder Douglas Richard Rippel sold 300,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider now owns 4,431,869 shares in the company, valued at $502,706,900.67. This trade represents a 6.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of the business's stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Company insiders own 14.77% of the company's stock.

Analysts Set New Price Targets

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

FirstCash Stock Performance

NASDAQ:FCFS traded up $0.87 during mid-day trading on Monday, hitting $117.74. The stock had a trading volume of 236,601 shares, compared to its average volume of 243,872. 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 50 day simple moving average of $113.74 and a 200-day simple moving average of $110.81. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 20.55 and a beta of 0.63. FirstCash Holdings, Inc. has a 52 week low of $100.24 and a 52 week high of $133.64.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.12 earnings per share 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%. On average, research analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.29%. FirstCash's dividend payout ratio (DPR) is presently 26.53%.

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.