Ameritas Investment Partners Inc. Has $1.53 Million Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Ameritas Investment Partners Inc. trimmed its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,972 shares of the company’s stock after selling 227 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in FirstCash were worth $1,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of FirstCash during the 1st quarter worth $26,000. Principal Securities Inc. acquired a new stake in shares of FirstCash in the fourth quarter worth about $51,000. Whittier Trust Co. lifted its stake in shares of FirstCash by 62.2% in the first quarter. Whittier Trust Co. now owns 459 shares of the company’s stock worth $59,000 after buying an additional 176 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of FirstCash during the 4th quarter worth $69,000. Finally, Parkside Financial Bank & Trust boosted its holdings in FirstCash by 20.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 841 shares of the company’s stock valued at $91,000 after acquiring an additional 140 shares during the period. Institutional investors own 80.30% of the company’s stock.

Insider Transactions at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $116.53, for a total value of $233,060.00. Following the sale, the chief financial officer now owns 92,715 shares of the company’s stock, valued at $10,804,078.95. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other FirstCash news, Director Douglas Richard Rippel sold 720,950 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $117.90, for a total value of $85,000,005.00. Following the transaction, the director now directly owns 4,746,023 shares in the company, valued at $559,556,111.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $116.53, for a total transaction of $233,060.00. Following the completion of the transaction, the chief financial officer now owns 92,715 shares in the company, valued at $10,804,078.95. The disclosure for this sale can be found here. 14.77% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FCFS. Loop Capital raised FirstCash from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $125.00 to $140.00 in a research report on Monday, April 29th. BTIG Research assumed coverage on FirstCash in a research report on Friday, June 7th. They set a “neutral” rating for the company. Finally, TD Cowen upgraded FirstCash from a “hold” rating to a “buy” rating and upped their price target for the company from $130.00 to $145.00 in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, FirstCash currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.00.

FirstCash Trading Up 1.0 %

FCFS stock traded up $1.08 during midday trading on Wednesday, reaching $110.07. The stock had a trading volume of 168,658 shares, compared to its average volume of 238,093. FirstCash Holdings, Inc. has a twelve month low of $88.05 and a twelve month high of $133.64. The business has a fifty day simple moving average of $110.59 and a two-hundred day simple moving average of $116.02. The company has a quick ratio of 3.03, a current ratio of 3.99 and a debt-to-equity ratio of 0.75. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 21.25 and a beta of 0.62.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05. The business had revenue of $836.40 million for the quarter, compared to analyst estimates of $846.08 million. FirstCash had a net margin of 7.23% and a return on equity of 14.73%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.25 earnings per share. As a group, research analysts expect that FirstCash Holdings, Inc. will post 6.6 EPS for the current fiscal year.

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.