Victory Capital Management Inc. Has $23.56 Million Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Victory Capital Management Inc. cut its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 42.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 217,334 shares of the company’s stock after selling 162,660 shares during the quarter. Victory Capital Management Inc. owned approximately 0.48% of FirstCash worth $23,557,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. FMR LLC increased its position in FirstCash by 2.3% in the 3rd quarter. FMR LLC now owns 6,556,669 shares of the company’s stock valued at $658,158,000 after acquiring an additional 145,821 shares in the last quarter. Earnest Partners LLC raised its position in FirstCash by 1.0% in the 3rd quarter. Earnest Partners LLC now owns 2,206,042 shares of the company’s stock worth $221,442,000 after purchasing an additional 22,067 shares during the last quarter. Boston Partners lifted its holdings in FirstCash by 43.6% during the 3rd quarter. Boston Partners now owns 511,026 shares of the company’s stock worth $51,858,000 after buying an additional 155,085 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in FirstCash by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 434,461 shares of the company’s stock worth $43,611,000 after buying an additional 3,617 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of FirstCash by 17.4% in the 3rd quarter. Sei Investments Co. now owns 426,752 shares of the company’s stock valued at $42,837,000 after buying an additional 63,219 shares during the period. 80.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Stephens upped their price target on FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. TD Cowen upgraded shares of FirstCash from a “hold” rating to a “buy” rating and increased their price objective for the company from $130.00 to $145.00 in a report on Wednesday, April 10th. Finally, Loop Capital raised shares of FirstCash from a “hold” rating to a “buy” rating and lifted their target price for the stock from $125.00 to $140.00 in a report on Monday, April 29th.

FirstCash Price Performance

Shares of FCFS opened at $118.50 on Thursday. The stock has a market cap of $5.39 billion, a P/E ratio of 23.19 and a beta of 0.63. FirstCash Holdings, Inc. has a 1 year low of $88.05 and a 1 year high of $133.64. The stock’s 50-day moving average price is $121.87 and its two-hundred day moving average price is $115.49. The company has a current ratio of 3.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.75.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.05. FirstCash had a net margin of 7.23% and a return on equity of 14.73%. The business had revenue of $836.40 million for the quarter, compared to analyst estimates of $846.08 million. During the same quarter last year, the firm earned $1.25 EPS. FirstCash’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities analysts predict that FirstCash Holdings, Inc. will post 6.75 earnings per share for the current year.

FirstCash Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Tuesday, May 14th. FirstCash’s dividend payout ratio is currently 27.29%.

Insider Buying and Selling

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $116.53, for a total value of $233,060.00. Following the completion of the transaction, the chief financial officer now directly owns 92,715 shares of the company’s stock, valued at $10,804,078.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $116.53, for a total value of $233,060.00. Following the transaction, the chief financial officer now owns 92,715 shares of the company’s stock, valued at $10,804,078.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Douglas Richard Rippel sold 5,916 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $115.09, for a total transaction of $680,872.44. Following the sale, the director now directly owns 5,607,468 shares of the company’s stock, valued at approximately $645,363,492.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 283,996 shares of company stock valued at $33,488,004. 18.08% of the stock is owned by company insiders.

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.