Federated Hermes Inc. Sells 466 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Federated Hermes Inc. reduced its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 10.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,072 shares of the company’s stock after selling 466 shares during the quarter. Federated Hermes Inc.’s holdings in FirstCash were worth $441,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in FirstCash by 36.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,461 shares of the company’s stock worth $917,000 after purchasing an additional 2,271 shares in the last quarter. Strs Ohio grew its stake in FirstCash by 97.7% in the fourth quarter. Strs Ohio now owns 8,500 shares of the company’s stock valued at $921,000 after acquiring an additional 4,200 shares during the period. Louisiana State Employees Retirement System acquired a new stake in FirstCash in the fourth quarter valued at approximately $1,127,000. Pinkerton Retirement Specialists LLC acquired a new stake in FirstCash in the fourth quarter valued at approximately $603,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in FirstCash by 2.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,116 shares of the company’s stock valued at $1,855,000 after acquiring an additional 451 shares during the period. 80.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Loop Capital raised FirstCash from a “hold” rating to a “buy” rating and raised their price objective for the company from $125.00 to $140.00 in a research note on Monday, April 29th. TD Cowen raised FirstCash from a “hold” rating to a “buy” rating and raised their price objective for the company from $130.00 to $145.00 in a research note on Wednesday, April 10th. Finally, Stephens raised their price objective on FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd.

FirstCash Stock Up 1.3 %

Shares of NASDAQ:FCFS opened at $116.35 on Friday. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 22.68 and a beta of 0.63. The company has a quick ratio of 3.03, a current ratio of 3.99 and a debt-to-equity ratio of 0.75. FirstCash Holdings, Inc. has a 12-month low of $88.05 and a 12-month high of $133.64. The business’s 50 day moving average is $121.85 and its 200 day moving average is $115.04.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.05. FirstCash had a return on equity of 14.73% and a net margin of 7.23%. The business had revenue of $836.40 million for the quarter, compared to analysts’ expectations of $846.08 million. During the same quarter in the previous year, the firm earned $1.25 earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. On average, sell-side analysts forecast that FirstCash Holdings, Inc. will post 6.75 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be given a $0.35 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $1.40 annualized dividend and a yield of 1.20%. FirstCash’s dividend payout ratio is currently 27.29%.

Insiders Place Their Bets

In other FirstCash news, Director Douglas Richard Rippel sold 19,020 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $117.34, for a total value of $2,231,806.80. Following the transaction, the director now owns 5,997,680 shares of the company’s stock, valued at $703,767,771.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other FirstCash news, Director Douglas Richard Rippel sold 19,020 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $117.34, for a total value of $2,231,806.80. Following the sale, the director now directly owns 5,997,680 shares in the company, valued at $703,767,771.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO R Douglas Orr sold 3,000 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $116.25, for a total value of $348,750.00. Following the completion of the sale, the chief financial officer now owns 94,715 shares in the company, valued at $11,010,618.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 329,984 shares of company stock valued at $38,850,386. Insiders own 18.08% of the company’s stock.

FirstCash Profile

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.