FirstService Co. (NASDAQ:FSV) Holdings Trimmed by Barclays PLC

Barclays PLC lowered its stake in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 10.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,888 shares of the financial services provider's stock after selling 1,562 shares during the quarter. Barclays PLC's holdings in FirstService were worth $2,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new stake in shares of FirstService in the 4th quarter valued at $29,000. Trust Co. of Vermont acquired a new position in shares of FirstService in the 4th quarter valued at $46,000. Wilmington Savings Fund Society FSB acquired a new stake in FirstService during the third quarter valued at $53,000. Blue Trust Inc. increased its holdings in FirstService by 158.2% in the fourth quarter. Blue Trust Inc. now owns 728 shares of the financial services provider's stock valued at $133,000 after buying an additional 446 shares in the last quarter. Finally, Gitterman Wealth Management LLC acquired a new position in shares of FirstService in the fourth quarter worth about $201,000. 69.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. TD Securities boosted their price target on FirstService from $197.00 to $198.00 and gave the stock a "hold" rating in a research report on Tuesday, April 22nd. StockNews.com cut FirstService from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Scotiabank decreased their target price on shares of FirstService from $217.50 to $210.00 and set a "sector perform" rating on the stock in a report on Thursday, April 17th. Finally, Raymond James lifted their price target on shares of FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $206.00.

FirstService Trading Up 0.5 %

Shares of NASDAQ:FSV traded up $0.93 during midday trading on Friday, reaching $176.18. The company's stock had a trading volume of 137,796 shares, compared to its average volume of 109,445. The business has a 50 day moving average price of $169.72 and a 200 day moving average price of $179.06. The company has a quick ratio of 1.79, a current ratio of 1.75 and a debt-to-equity ratio of 1.09. FirstService Co. has a 1 year low of $141.26 and a 1 year high of $197.84. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of 59.32 and a beta of 1.04.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.08. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.28 billion. FirstService had a return on equity of 17.15% and a net margin of 2.58%. The business's revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 EPS. Research analysts forecast that FirstService Co. will post 5.27 EPS for the current year.

FirstService Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Monday, March 31st were paid a dividend of $0.275 per share. The ex-dividend date was Monday, March 31st. This is a positive change from FirstService's previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 0.62%. FirstService's dividend payout ratio is currently 38.06%.

FirstService Profile

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.