Vise Technologies Inc. Purchases Shares of 5,093 FirstCash Holdings, Inc. $FCFS

Vise Technologies Inc. acquired a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 5,093 shares of the company’s stock, valued at approximately $1,102,000.

A number of other large investors have also recently made changes to their positions in the business. Harbor Investment Advisory LLC purchased a new stake in FirstCash in the first quarter worth $26,000. Geneos Wealth Management Inc. purchased a new position in FirstCash during the 1st quarter valued at $29,000. CIBC Private Wealth Group LLC increased its position in FirstCash by 490.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company’s stock valued at $31,000 after purchasing an additional 162 shares during the period. High Point Wealth Management LLC bought a new position in FirstCash in the 4th quarter worth $33,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in FirstCash in the 2nd quarter worth $34,000. 80.30% of the stock is currently owned by institutional investors.

FirstCash Price Performance

FCFS opened at $225.28 on Friday. The company has a current ratio of 4.89, a quick ratio of 3.51 and a debt-to-equity ratio of 1.01. The company has a market cap of $9.77 billion, a price-to-earnings ratio of 25.72 and a beta of 0.53. The stock has a fifty day simple moving average of $214.07 and a two-hundred day simple moving average of $206.91. FirstCash Holdings, Inc. has a 12-month low of $138.34 and a 12-month high of $235.97.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, July 23rd. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.39 by $0.11. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.03 billion. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The company’s quarterly revenue was up 29.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 EPS. Research analysts predict that FirstCash Holdings, Inc. will post 11.85 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.68 annualized dividend and a yield of 0.7%. FirstCash’s payout ratio is presently 19.18%.

Insider Buying and Selling at FirstCash

In other news, SVP Raul Ramos sold 6,835 shares of FirstCash stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $225.23, for a total transaction of $1,539,447.05. Following the completion of the transaction, the senior vice president directly owned 20,400 shares in the company, valued at approximately $4,594,692. This trade represents a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $216.00, for a total value of $432,000.00. Following the completion of the sale, the chief financial officer directly owned 34,734 shares in the company, valued at approximately $7,502,544. This represents a 5.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 20,348 shares of company stock worth $4,492,755 in the last ninety days. 2.86% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

FCFS has been the subject of several research analyst reports. Weiss Ratings raised shares of FirstCash from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, August 7th. Loop Capital upgraded shares of FirstCash from a “hold” rating to a “buy” rating and set a $255.00 price target on the stock in a research report on Monday, August 10th. Wall Street Zen downgraded shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. TD Cowen raised their price objective on shares of FirstCash from $235.00 to $240.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Finally, Zacks Research cut FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, FirstCash has a consensus rating of “Moderate Buy” and a consensus target price of $249.00.

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.