American Century Companies Inc. Has $46.87 Million Stake in FirstCash Holdings, Inc. (NASDAQ:FCFS)

American Century Companies Inc. lifted its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 66.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 446,882 shares of the company’s stock after purchasing an additional 177,698 shares during the quarter. American Century Companies Inc. owned 0.98% of FirstCash worth $46,869,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FCFS. Dynamic Technology Lab Private Ltd acquired a new stake in FirstCash during the 4th quarter worth approximately $848,000. Quadrature Capital Ltd bought a new stake in FirstCash in the 4th quarter valued at $1,752,000. SG Capital Management LLC acquired a new position in FirstCash in the 1st quarter worth $3,348,000. Sei Investments Co. increased its holdings in FirstCash by 6.3% during the 1st quarter. Sei Investments Co. now owns 611,435 shares of the company’s stock worth $77,983,000 after purchasing an additional 36,181 shares in the last quarter. Finally, Stephens Inc. AR raised its stake in shares of FirstCash by 23.6% in the 4th quarter. Stephens Inc. AR now owns 28,143 shares of the company’s stock valued at $3,050,000 after purchasing an additional 5,377 shares during the period. Institutional investors own 80.30% of the company’s stock.

FirstCash Stock Up 0.6 %

FirstCash stock opened at $117.92 on Tuesday. The company has a current ratio of 4.03, a quick ratio of 3.04 and a debt-to-equity ratio of 0.85. FirstCash Holdings, Inc. has a 1-year low of $94.55 and a 1-year high of $133.64. The company has a fifty day simple moving average of $113.71 and a 200 day simple moving average of $116.15. The company has a market cap of $5.36 billion, a P/E ratio of 22.99 and a beta of 0.62.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.05. FirstCash had a return on equity of 14.90% and a net margin of 7.17%. The company had revenue of $831.00 million during the quarter, compared to analysts’ expectations of $824.87 million. During the same quarter last year, the company earned $1.22 EPS. FirstCash’s revenue for the quarter was up 10.7% compared to the same quarter last year. Research analysts anticipate that FirstCash Holdings, Inc. will post 6.56 earnings per share for the current fiscal year.

FirstCash Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were given a dividend of $0.38 per share. This is a positive change from FirstCash’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, August 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.29%. FirstCash’s payout ratio is 29.63%.

Insider Activity

In related news, Director Douglas Richard Rippel sold 7,316 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $119.98, for a total transaction of $877,773.68. Following the transaction, the director now directly owns 4,735,843 shares in the company, valued at $568,206,443.14. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $9,722,833.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Douglas Richard Rippel sold 7,316 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $119.98, for a total value of $877,773.68. Following the transaction, the director now directly owns 4,735,843 shares in the company, valued at $568,206,443.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,154 shares of company stock valued at $1,912,562. 14.77% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, BTIG Research assumed coverage on FirstCash in a report on Friday, June 7th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $142.00.

FirstCash 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.