Sei Investments Co. Has $66.21 Million Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Sei Investments Co. grew its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 3.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 631,303 shares of the company’s stock after buying an additional 19,868 shares during the period. Sei Investments Co. owned 1.39% of FirstCash worth $66,211,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of FirstCash by 4.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,173 shares of the company’s stock worth $228,000 after buying an additional 95 shares during the last quarter. Retirement Systems of Alabama boosted its holdings in FirstCash by 0.3% in the first quarter. Retirement Systems of Alabama now owns 46,448 shares of the company’s stock valued at $5,924,000 after acquiring an additional 122 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in FirstCash by 5.6% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the company’s stock valued at $298,000 after buying an additional 125 shares during the period. Parkside Financial Bank & Trust raised its position in shares of FirstCash by 15.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,230 shares of the company’s stock worth $129,000 after purchasing an additional 164 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of FirstCash by 1.0% in the second quarter. Fifth Third Bancorp now owns 17,252 shares of the company’s stock worth $1,809,000 after acquiring an additional 168 shares during the period. Institutional investors and hedge funds own 80.30% of the company’s stock.

Insider Activity

In related news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction on Monday, August 5th. The stock was sold at an average price of $107.18, for a total transaction of $214,360.00. Following the completion of the transaction, the chief financial officer now directly owns 90,715 shares of the company’s stock, valued at $9,722,833.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 90,715 shares in the company, valued at $9,722,833.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas Richard Rippel sold 2,864 shares of FirstCash stock in a transaction on Monday, August 26th. The shares were sold at an average price of $120.01, for a total transaction of $343,708.64. Following the completion of the transaction, the director now owns 4,743,159 shares in the company, valued at approximately $569,226,511.59. The disclosure for this sale can be found here. Insiders sold 16,154 shares of company stock valued at $1,912,562 in the last three months. 14.77% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

FirstCash Trading Down 1.5 %

Shares of NASDAQ:FCFS opened at $117.37 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.03 and a quick ratio of 3.04. The business’s 50 day moving average price is $114.93 and its 200-day moving average price is $116.24. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 22.88 and a beta of 0.62. FirstCash Holdings, Inc. has a 1 year low of $94.55 and a 1 year high of $133.64.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.37 EPS for the quarter, topping 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 business had revenue of $831.00 million during the quarter, compared to analyst estimates of $824.87 million. During the same period last year, the business posted $1.22 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. On average, equities research analysts forecast that FirstCash Holdings, Inc. will post 6.56 earnings per share for the current fiscal year.

FirstCash Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.30%. This is an increase from FirstCash’s previous quarterly dividend of $0.35. FirstCash’s dividend payout ratio is presently 29.63%.

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.