5,093 Shares in FirstCash Holdings, Inc. $FCFS Purchased by Vise Technologies Inc.

Vise Technologies Inc. purchased a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,093 shares of the company’s stock, valued at approximately $1,102,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new position in FirstCash in the second quarter worth about $1,088,429,000. Price T Rowe Associates Inc. MD grew its holdings in shares of FirstCash by 36.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,169,281 shares of the company’s stock valued at $186,361,000 after buying an additional 312,132 shares during the last quarter. Geode Capital Management LLC increased its position in shares of FirstCash by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 1,043,699 shares of the company’s stock valued at $166,367,000 after acquiring an additional 31,550 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of FirstCash by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,009,170 shares of the company’s stock valued at $160,850,000 after acquiring an additional 5,626 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of FirstCash by 2.2% during the first quarter. Sei Investments Co. now owns 794,005 shares of the company’s stock valued at $149,273,000 after acquiring an additional 17,177 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Weiss Ratings raised FirstCash from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, August 7th. Zacks Research downgraded FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Loop Capital raised FirstCash from a “hold” rating to a “buy” rating and set a $255.00 target price for the company in a report on Monday, August 10th. Wall Street Zen cut FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, TD Cowen upped their price target on FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $249.00.

FirstCash Stock Performance

Shares of FCFS stock opened at $225.28 on Friday. The company has a 50 day moving average price of $214.07 and a 200-day moving average price of $206.91. FirstCash Holdings, Inc. has a 52 week low of $138.34 and a 52 week high of $235.97. The firm has a market capitalization of $9.77 billion, a PE ratio of 25.72 and a beta of 0.53. The company has a quick ratio of 3.51, a current ratio of 4.89 and a debt-to-equity ratio of 1.01.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.39 by $0.11. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.03 billion. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The firm’s revenue for the quarter was up 29.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.34 earnings per share. As a group, equities research analysts expect that FirstCash Holdings, Inc. will post 11.85 earnings per share for the current year.

FirstCash Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, August 14th. This represents a $1.68 dividend on an annualized basis and a yield of 0.7%. FirstCash’s payout ratio is currently 19.18%.

Insider Activity at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $216.00, for a total transaction of $432,000.00. Following the transaction, the chief financial officer directly owned 34,734 shares of the company’s stock, valued at $7,502,544. This represents a 5.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Thomas Brent Stuart sold 5,348 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $214.63, for a total value of $1,147,841.24. Following the completion of the transaction, the chief operating officer owned 135,498 shares in the company, valued at approximately $29,081,935.74. This trade represents a 3.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 20,348 shares of company stock valued at $4,492,755 in the last quarter. 2.86% of the stock is currently owned by corporate insiders.

FirstCash Profile

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.