State Board of Administration of Florida Retirement System cut its stake in First Cash Financial Services Inc. (NASDAQ:FCFS) by 7.0% during the second quarter, Holdings Channel reports. The fund owned 20,666 shares of the company’s stock after selling 1,550 shares during the period. State Board of Administration of Florida Retirement System owned about 0.07% of First Cash Financial Services worth $1,061,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Aperio Group LLC purchased a new stake in First Cash Financial Services during the first quarter valued at about $294,000. BlackRock Fund Advisors boosted its stake in First Cash Financial Services by 1.4% in the first quarter. BlackRock Fund Advisors now owns 1,789,048 shares of the company’s stock valued at $82,404,000 after buying an additional 24,828 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in First Cash Financial Services by 2.7% in the first quarter. JPMorgan Chase & Co. now owns 970,602 shares of the company’s stock valued at $44,706,000 after buying an additional 25,623 shares during the last quarter. BlackRock Group LTD boosted its stake in First Cash Financial Services by 7.1% in the first quarter. BlackRock Group LTD now owns 37,689 shares of the company’s stock valued at $1,736,000 after buying an additional 2,506 shares during the last quarter. Finally, Norges Bank purchased a new stake in First Cash Financial Services during the fourth quarter valued at about $9,529,000.

First Cash Financial Services Inc. (NASDAQ:FCFS) traded down 0.92% during mid-day trading on Friday, hitting $47.44. 182,006 shares of the stock traded hands. The stock’s 50 day moving average is $50.37 and its 200-day moving average is $47.91. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 24.20 and a beta of 0.90. First Cash Financial Services Inc. has a 12 month low of $29.64 and a 12 month high of $53.95.

First Cash Financial Services (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. The firm had revenue of $181.98 million for the quarter, compared to analysts’ expectations of $178.75 million. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 earnings per share. On average, equities research analysts anticipate that First Cash Financial Services Inc. will post $2.26 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 24th. Investors of record on Wednesday, August 10th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, August 8th. This represents a $0.50 annualized dividend and a yield of 1.04%. First Cash Financial Services’s dividend payout ratio is currently 25.38%.

FCFS has been the topic of several research analyst reports. Jefferies Group reiterated a “buy” rating and issued a $60.00 price objective on shares of First Cash Financial Services in a report on Friday, September 2nd. JPMorgan Chase & Co. lowered their price objective on First Cash Financial Services from $50.00 to $48.00 and set a “neutral” rating on the stock in a report on Thursday, September 8th. Sterne Agee CRT upgraded First Cash Financial Services from a “neutral” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Friday, June 3rd. Zacks Investment Research cut First Cash Financial Services from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Finally, TheStreet upgraded First Cash Financial Services from a “hold” rating to a “buy” rating in a report on Thursday, July 28th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $48.75.

First Cash Financial Services Company Profile

First Cash Financial Services, Inc is an operator of retail-based pawn stores in the United States and Latin America. The Company’s primary business is the operation of full-service pawn stores, which make small pawn loans secured by personal property, such as consumer electronics, jewelry, power tools, household appliances, sporting goods and musical instruments.

5 Day Chart for NASDAQ:FCFS

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