Teacher Retirement System of Texas Lowers Stock Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Teacher Retirement System of Texas trimmed its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 4.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 9,751 shares of the company’s stock after selling 466 shares during the period. Teacher Retirement System of Texas’ holdings in FirstCash were worth $1,010,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in FCFS. Rialto Wealth Management LLC purchased a new stake in FirstCash in the fourth quarter valued at approximately $31,000. J.Safra Asset Management Corp raised its holdings in shares of FirstCash by 38.8% in the 4th 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 during the period. R Squared Ltd acquired a new position in FirstCash during the 4th quarter worth about $92,000. Parkside Financial Bank & Trust boosted its holdings in FirstCash by 7.4% during the 4th 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. Finally, Franklin Resources Inc. acquired a new position in FirstCash in the 3rd quarter valued at about $204,000. 80.30% of the stock is currently owned by institutional investors and hedge funds.

FirstCash Stock Down 0.7 %

Shares of NASDAQ FCFS opened at $119.36 on Friday. The stock has a market cap of $5.34 billion, a P/E ratio of 20.83 and a beta of 0.63. The business’s fifty day simple moving average is $114.58 and its 200-day simple moving average is $110.92. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $133.64. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) 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%. As a group, equities analysts predict that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Friday, February 14th. FirstCash’s dividend payout ratio (DPR) is presently 26.53%.

Analyst Ratings Changes

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

Insider Buying and Selling at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total transaction of $226,700.00. Following the sale, the chief financial officer now 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the business’s 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 sale, the insider now owns 4,431,869 shares of the company’s stock, valued at approximately $502,706,900.67. The trade was a 6.34 % decrease in their position. The disclosure for this sale can be found here. Insiders own 14.77% of the company’s stock.

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.