Victory Capital Management Inc. Has $26.02 Million Stock Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Victory Capital Management Inc. trimmed its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 19.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 251,176 shares of the company's stock after selling 61,959 shares during the period. Victory Capital Management Inc. owned about 0.56% of FirstCash worth $26,022,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in FCFS. R Squared Ltd acquired a new stake in FirstCash in the fourth quarter valued at $92,000. KBC Group NV lifted its holdings in FirstCash by 20.5% during the 3rd quarter. KBC Group NV now owns 1,206 shares of the company's stock worth $138,000 after buying an additional 205 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of FirstCash by 7.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company's stock worth $142,000 after acquiring an additional 94 shares in the last quarter. Franklin Resources Inc. bought a new stake in shares of FirstCash in the 3rd quarter valued at approximately $204,000. Finally, Park Avenue Securities LLC increased its holdings in shares of FirstCash by 15.5% in the 4th quarter. Park Avenue Securities LLC now owns 2,039 shares of the company's stock valued at $211,000 after acquiring an additional 273 shares during the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

FirstCash Stock Performance

Shares of NASDAQ:FCFS traded up $3.90 during trading on Friday, hitting $116.94. 234,478 shares of the company traded hands, compared to its average volume of 243,389. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of 20.41 and a beta of 0.63. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year high of $133.64. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84. The business's fifty day moving average is $112.35 and its 200-day moving average is $110.95.

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FirstCash (NASDAQ:FCFS - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, topping 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%. As a group, equities analysts predict that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Friday, February 14th. FirstCash's payout ratio is 26.53%.

Insiders Place Their Bets

In other FirstCash 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 value of $34,029,000.00. Following the completion of the sale, the insider now directly 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 SEC, which is available at this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total value of $226,700.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 14.77% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Stephens reaffirmed an "overweight" rating and issued a $137.00 price objective 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.