FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp increased its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,032 shares of the company's stock after acquiring an additional 2,856 shares during the quarter. King Luther Capital Management Corp owned approximately 0.07% of FirstCash worth $3,319,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FCFS. Rialto Wealth Management LLC purchased a new position in shares of FirstCash in the fourth quarter valued at approximately $31,000. J.Safra Asset Management Corp grew its holdings in shares of 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 buying an additional 127 shares in the last quarter. R Squared Ltd acquired a new stake in shares of FirstCash in the fourth quarter valued at about $92,000. KBC Group NV boosted its position in 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 acquiring an additional 205 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in FirstCash by 7.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company's stock valued at $142,000 after acquiring an additional 94 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.

Analysts Set New Price Targets

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

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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 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. 14.77% of the stock is currently owned by company insiders.

FirstCash Stock Up 3.0 %

FirstCash stock traded up $3.41 during mid-day trading on Friday, hitting $116.45. The company had a trading volume of 114,077 shares, compared to its average volume of 242,942. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 20.34 and a beta of 0.63. 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 Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $133.64. The business has a fifty day moving average of $112.35 and a 200 day moving average of $110.95.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.12 EPS for the quarter, topping 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, sell-side 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 disclosed 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 1.31%. The ex-dividend date was Friday, February 14th. FirstCash's payout ratio is currently 26.53%.

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.