Voya Investment Management LLC Sells 3,587 Shares of FirstCash Holdings, Inc. $FCFS

Voya Investment Management LLC reduced its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 33.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,212 shares of the company’s stock after selling 3,587 shares during the quarter. Voya Investment Management LLC’s holdings in FirstCash were worth $1,143,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new stake in FirstCash in the 2nd quarter valued at $25,000. IFP Advisors Inc increased its stake in shares of FirstCash by 181.6% during the 2nd quarter. IFP Advisors Inc now owns 290 shares of the company’s stock worth $39,000 after purchasing an additional 187 shares during the last quarter. CX Institutional lifted its position in shares of FirstCash by 24.7% in the second quarter. CX Institutional now owns 434 shares of the company’s stock valued at $59,000 after buying an additional 86 shares during the last quarter. Bayforest Capital Ltd lifted its holdings in FirstCash by 169.9% during the 2nd quarter. Bayforest Capital Ltd now owns 448 shares of the company’s stock valued at $61,000 after purchasing an additional 282 shares during the last quarter. Finally, State of Wyoming bought a new stake in shares of FirstCash during the 1st quarter worth about $65,000. Institutional investors own 80.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FCFS. TD Cowen raised their price target on shares of FirstCash from $181.00 to $188.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Zacks Research upgraded FirstCash from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Wall Street Zen upgraded FirstCash from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Cowen restated a “buy” rating on shares of FirstCash in a report on Friday, October 31st. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $205.00 price target on shares of FirstCash in a research report on Monday, December 8th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, FirstCash presently has an average rating of “Buy” and an average target price of $167.00.

FirstCash Trading Up 0.0%

NASDAQ:FCFS opened at $161.23 on Wednesday. The stock’s fifty day moving average price is $158.47 and its two-hundred day moving average price is $147.39. The company has a market cap of $7.12 billion, a P/E ratio of 23.27 and a beta of 0.53. FirstCash Holdings, Inc. has a 1 year low of $102.26 and a 1 year high of $166.08. The company has a debt-to-equity ratio of 1.01, a current ratio of 4.99 and a quick ratio of 3.72.

FirstCash (NASDAQ:FCFS) last posted its earnings results on Thursday, October 30th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $1.91 by $0.35. The business had revenue of $904.27 million during the quarter, compared to analysts’ expectations of $845.28 million. FirstCash had a return on equity of 17.44% and a net margin of 8.88%.The firm’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.67 earnings per share. As a group, analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, November 14th. FirstCash’s dividend payout ratio (DPR) is currently 24.24%.

FirstCash declared that its Board of Directors has authorized a share buyback program on Thursday, October 30th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to buy up to 2.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at FirstCash

In other news, Director Randel G. Owen sold 1,500 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $152.20, for a total value of $228,300.00. Following the completion of the transaction, the director owned 7,651 shares in the company, valued at $1,164,482.20. The trade was a 16.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Rick L. Wessel sold 20,000 shares of FirstCash stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $156.39, for a total transaction of $3,127,800.00. Following the completion of the sale, the chief executive officer directly owned 866,982 shares of the company’s stock, valued at approximately $135,587,314.98. This trade represents a 2.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 48,500 shares of company stock worth $7,678,508. Insiders own 14.77% of the company’s stock.

About FirstCash

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.