Avantax Advisory Services Inc. Acquires 3,185 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Avantax Advisory Services Inc. grew its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 33.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,602 shares of the company’s stock after purchasing an additional 3,185 shares during the period. Avantax Advisory Services Inc.’s holdings in FirstCash were worth $1,306,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of FCFS. Parkside Financial Bank & Trust grew its position in FirstCash by 7.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company’s stock valued at $142,000 after acquiring an additional 94 shares during the period. Integrated Investment Consultants LLC increased its position in shares of FirstCash by 2.3% during the 4th quarter. Integrated Investment Consultants LLC now owns 4,595 shares of the company’s stock worth $476,000 after purchasing an additional 105 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of FirstCash by 1.8% during the 4th quarter. Sanctuary Advisors LLC now owns 7,347 shares of the company’s stock worth $826,000 after purchasing an additional 127 shares in the last quarter. J.Safra Asset Management Corp boosted its position in FirstCash by 38.8% in the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock valued at $47,000 after buying an additional 127 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in FirstCash by 1.5% during the third quarter. Thrivent Financial for Lutherans now owns 9,147 shares of the company’s stock worth $1,050,000 after buying an additional 138 shares during the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

FirstCash Stock Down 0.0 %

Shares of NASDAQ FCFS opened at $117.03 on Wednesday. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $133.64. The firm’s 50-day simple moving average is $113.10 and its 200 day simple moving average is $110.84. 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 company has a market cap of $5.24 billion, a price-to-earnings ratio of 20.42 and a beta of 0.63.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. On average, research analysts expect 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. Stockholders of record on Friday, February 14th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.30%. FirstCash’s dividend payout ratio (DPR) is currently 26.53%.

Insider Transactions at FirstCash

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were 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 of the company’s stock, valued at approximately $11,399,269.45. This trade represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the sale, the insider now owns 4,431,869 shares of the company’s stock, valued at $502,706,900.67. The trade was a 6.34 % decrease in their position. The disclosure for this sale can be found here. 14.77% of the stock is currently owned by corporate 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.