FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 10.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,221 shares of the company's stock after purchasing an additional 18,839 shares during the quarter. Envestnet Asset Management Inc. owned 0.45% of FirstCash worth $20,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Parkside Financial Bank & Trust lifted its position in FirstCash by 7.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company's stock valued at $142,000 after purchasing an additional 94 shares during the period. Integrated Investment Consultants LLC boosted its stake in shares of FirstCash by 2.3% during the 4th quarter. Integrated Investment Consultants LLC now owns 4,595 shares of the company's stock worth $476,000 after acquiring an additional 105 shares during the last quarter. Sanctuary Advisors LLC lifted its position in FirstCash by 1.8% during the fourth quarter. Sanctuary Advisors LLC now owns 7,347 shares of the company's stock valued at $826,000 after purchasing an additional 127 shares in the last quarter. J.Safra Asset Management Corp raised its stake in shares of FirstCash by 38.8% in the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock worth $47,000 after buying an additional 127 shares during the period. Finally, EntryPoint Capital LLC lifted its holdings in FirstCash by 6.6% during the fourth quarter. EntryPoint Capital LLC now owns 2,319 shares of the company's stock valued at $240,000 after purchasing an additional 143 shares in the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 transaction, the insider now directly owns 4,431,869 shares of the company's stock, valued at $502,706,900.67. This represents a 6.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO R Douglas Orr sold 2,000 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was 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 of the company's stock, valued at $11,399,269.45. This represents 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.

FirstCash Stock Up 1.1 %

Shares of FirstCash stock traded up $1.38 during trading on Friday, hitting $121.44. 269,715 shares of the stock traded hands, compared to its average volume of 270,122. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $133.64. The stock's fifty day simple moving average is $117.34 and its 200 day simple moving average is $111.49. The firm has a market cap of $5.44 billion, a P/E ratio of 21.19 and a beta of 0.58. 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 released its quarterly 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 net margin of 7.64% and a return on equity of 14.99%. On average, equities analysts predict that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, February 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.25%. FirstCash's payout ratio is currently 26.53%.

Wall Street Analysts Forecast Growth

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

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.