Raymond James Financial Inc. Takes $1.86 Million Position in EZCORP, Inc. (NASDAQ:EZPW)

Raymond James Financial Inc. acquired a new stake in EZCORP, Inc. (NASDAQ:EZPW) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 152,250 shares of the credit services provider’s stock, valued at approximately $1,860,000. Raymond James Financial Inc. owned 0.28% of EZCORP as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of EZCORP by 97.0% in the fourth quarter. GAMMA Investing LLC now owns 3,156 shares of the credit services provider’s stock valued at $39,000 after buying an additional 1,554 shares in the last quarter. Aigen Investment Management LP increased its holdings in EZCORP by 11.8% during the 4th quarter. Aigen Investment Management LP now owns 19,800 shares of the credit services provider’s stock valued at $242,000 after acquiring an additional 2,088 shares in the last quarter. State Street Corp raised its position in EZCORP by 0.3% during the third quarter. State Street Corp now owns 1,084,777 shares of the credit services provider’s stock worth $12,160,000 after acquiring an additional 2,809 shares during the last quarter. Bank of New York Mellon Corp raised its position in EZCORP by 1.7% during the fourth quarter. Bank of New York Mellon Corp now owns 304,235 shares of the credit services provider’s stock worth $3,718,000 after acquiring an additional 5,034 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of EZCORP by 4.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 151,628 shares of the credit services provider’s stock valued at $1,853,000 after purchasing an additional 6,205 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Analysts Set New Price Targets

EZPW has been the subject of a number of recent research reports. StockNews.com cut shares of EZCORP from a “buy” rating to a “hold” rating in a research note on Saturday. Canaccord Genuity Group raised their price target on EZCORP from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Roth Capital set a $16.00 price objective on EZCORP in a research report on Monday, March 17th. Stephens reiterated an “equal weight” rating and set a $13.50 price objective on shares of EZCORP in a research report on Thursday, February 6th. Finally, Roth Mkm started coverage on shares of EZCORP in a research note on Monday, March 17th. They issued a “buy” rating and a $16.00 target price for the company. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.88.

EZCORP Stock Performance

EZCORP stock opened at $14.72 on Tuesday. The company has a current ratio of 2.91, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $808.70 million, a P/E ratio of 12.80 and a beta of 0.89. The stock has a fifty day moving average price of $13.46 and a 200 day moving average price of $12.37. EZCORP, Inc. has a 52 week low of $9.66 and a 52 week high of $15.35.

EZCORP (NASDAQ:EZPW) last released its earnings results on Wednesday, February 5th. The credit services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.07. EZCORP had a net margin of 7.25% and a return on equity of 11.04%. Equities research analysts anticipate that EZCORP, Inc. will post 1.3 earnings per share for the current year.

EZCORP Profile

EZCORP, Inc provides pawn services in the United States and Latin America. The company operates through three segments: U.S. Pawn, Latin America Pawn, and Other Investments. The company offers pawn loans collateralized by tangible personal property, jewelry, consumer electronics, tools, sporting goods, and musical instruments.