State of New Jersey Common Pension Fund D Buys 3,194 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

State of New Jersey Common Pension Fund D boosted its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 19.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,981 shares of the company's stock after acquiring an additional 3,194 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in FirstCash were worth $2,070,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC lifted its holdings in FirstCash by 18.3% in the 3rd quarter. FMR LLC now owns 6,712,779 shares of the company's stock worth $770,627,000 after purchasing an additional 1,037,601 shares during the last quarter. State Street Corp increased its holdings in shares of FirstCash by 2.1% during the third quarter. State Street Corp now owns 1,386,726 shares of the company's stock worth $159,196,000 after buying an additional 28,415 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in FirstCash by 28.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 560,591 shares of the company's stock worth $58,076,000 after acquiring an additional 123,386 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in FirstCash by 8.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 498,260 shares of the company's stock worth $57,200,000 after purchasing an additional 37,810 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of FirstCash by 0.4% during the third quarter. Rockefeller Capital Management L.P. now owns 302,856 shares of the company's stock valued at $34,772,000 after acquiring an additional 1,138 shares during the period. 80.30% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In related news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction dated 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 sale, the chief financial officer now owns 100,567 shares in the company, valued at $11,399,269.45. This trade represents a 1.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 completion of the sale, the insider now owns 4,431,869 shares of the company's stock, valued at approximately $502,706,900.67. This trade 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 owned by insiders.

Wall Street Analysts Forecast Growth

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

FirstCash Price Performance

Shares of FCFS traded down $2.94 during trading hours on Wednesday, reaching $111.67. The stock had a trading volume of 49,290 shares, compared to its average volume of 232,150. The company's 50-day moving average is $109.87 and its two-hundred day moving average is $111.24. The stock has a market capitalization of $5.00 billion, a PE ratio of 19.51 and a beta of 0.67. FirstCash Holdings, Inc. has a 12 month low of $100.24 and a 12 month high of $133.64. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) 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 expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Friday, February 14th. FirstCash's payout ratio is 26.53%.

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.