Intech Investment Management LLC Acquires 13,706 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Intech Investment Management LLC lifted its position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 92.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,551 shares of the company's stock after buying an additional 13,706 shares during the period. Intech Investment Management LLC owned approximately 0.06% of FirstCash worth $2,958,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. KBC Group NV raised its position in FirstCash by 20.5% in 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 in the last quarter. Natixis Advisors LLC grew its position in FirstCash by 174.3% in the third quarter. Natixis Advisors LLC now owns 159,140 shares of the company's stock worth $18,269,000 after buying an additional 101,130 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of FirstCash by 1.5% in the third quarter. Thrivent Financial for Lutherans now owns 9,147 shares of the company's stock valued at $1,050,000 after buying an additional 138 shares in the last quarter. Swiss National Bank increased its holdings in shares of 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 buying an additional 4,400 shares in the last quarter. Finally, King Luther Capital Management Corp lifted 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 valued at $3,349,000 after acquiring an additional 4,399 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.

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Insider Activity at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the business's 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 transaction, the chief financial officer now directly owns 100,567 shares in the company, valued at $11,399,269.45. The trade was a 1.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total value of $34,029,000.00. Following the sale, the insider now owns 4,431,869 shares of the company's stock, valued at approximately $502,706,900.67. This represents a 6.34 % 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 insiders.

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 report on Wednesday, February 19th.

FirstCash Trading Up 0.7 %

NASDAQ FCFS traded up $0.87 on Monday, hitting $117.74. 236,601 shares of the stock were exchanged, compared to its average volume of 243,872. The company's 50-day moving average price is $113.74 and its two-hundred day moving average price is $110.81. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $133.64. The company has a market capitalization of $5.27 billion, a price-to-earnings ratio of 20.55 and a beta of 0.63.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, beating 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%. Research analysts predict that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Friday, February 14th. FirstCash's dividend payout ratio is currently 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.