Stephens Investment Management Group LLC Has $130.12 Million Stock Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Stephens Investment Management Group LLC cut its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 2.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,133,432 shares of the company’s stock after selling 29,608 shares during the quarter. FirstCash makes up 1.8% of Stephens Investment Management Group LLC’s holdings, making the stock its 5th biggest holding. Stephens Investment Management Group LLC owned approximately 2.53% of FirstCash worth $130,118,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new position in shares of FirstCash during the first quarter worth $26,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of FirstCash during the second quarter valued at about $54,000. Whittier Trust Co. grew its holdings in shares of FirstCash by 62.2% during the first quarter. Whittier Trust Co. now owns 459 shares of the company’s stock worth $59,000 after purchasing an additional 176 shares during the last quarter. CWM LLC increased its stake in shares of FirstCash by 157.5% in the third quarter. CWM LLC now owns 569 shares of the company’s stock valued at $65,000 after buying an additional 348 shares during the period. Finally, GAMMA Investing LLC raised its holdings in FirstCash by 28.9% in the 3rd quarter. GAMMA Investing LLC now owns 900 shares of the company’s stock valued at $103,000 after buying an additional 202 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TD Cowen reduced their target price on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a report on Monday.

FirstCash Stock Down 1.9 %

Shares of FirstCash stock opened at $103.47 on Friday. The stock’s 50-day moving average is $114.23 and its 200 day moving average is $114.09. FirstCash Holdings, Inc. has a one year low of $101.62 and a one year high of $133.64. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 19.16 and a beta of 0.62. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.05. The firm had revenue of $837.30 million for the quarter, compared to analysts’ expectations of $843.94 million. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.56 EPS. Equities research analysts anticipate that FirstCash Holdings, Inc. will post 6.61 EPS for the current year.

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Friday, November 15th. FirstCash’s payout ratio is 28.15%.

Insider Buying and Selling at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $107.18, for a total value of $214,360.00. Following the completion of the sale, the chief financial officer now directly owns 90,715 shares in the company, valued at $9,722,833.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Douglas Richard Rippel sold 7,316 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $119.98, for a total transaction of $877,773.68. Following the completion of the sale, the director now owns 4,735,843 shares in the company, valued at approximately $568,206,443.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $107.18, for a total value of $214,360.00. Following the completion of the sale, the chief financial officer now directly owns 90,715 shares of the company’s stock, valued at $9,722,833.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,154 shares of company stock valued at $1,912,562. Corporate insiders own 14.77% of the company’s stock.

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.