Vestcor Inc Has $492,000 Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Vestcor Inc lifted its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 15.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,748 shares of the company’s stock after purchasing an additional 647 shares during the quarter. Vestcor Inc’s holdings in FirstCash were worth $492,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of FCFS. Virtu Financial LLC acquired a new stake in FirstCash in the 3rd quarter valued at approximately $553,000. Advantage Alpha Capital Partners LP acquired a new stake in FirstCash in the 3rd quarter valued at approximately $3,707,000. Principal Financial Group Inc. raised its position in FirstCash by 3.6% in the 4th quarter. Principal Financial Group Inc. now owns 130,607 shares of the company’s stock valued at $13,531,000 after buying an additional 4,483 shares during the last quarter. Natixis Advisors LLC raised its position in FirstCash by 174.3% in the 3rd quarter. Natixis Advisors LLC now owns 159,140 shares of the company’s stock valued at $18,269,000 after buying an additional 101,130 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in FirstCash by 32.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 160,379 shares of the company’s stock valued at $18,412,000 after buying an additional 39,077 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

FirstCash Stock Up 3.5 %

FCFS stock opened at $116.94 on Monday. 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 has a 50 day moving average price of $112.63 and a two-hundred day moving average price of $110.87. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 20.41 and a beta of 0.63. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $133.64.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.10. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. Analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Dividend Announcement

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

Insider Buying and Selling at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total transaction of $226,700.00. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of FirstCash 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 transaction, the insider now owns 4,431,869 shares of the company’s stock, valued at $502,706,900.67. This represents a 6.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 14.77% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.