Cubist Systematic Strategies LLC reduced its position in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 79.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,558 shares of the financial services provider's stock after selling 21,409 shares during the quarter. Cubist Systematic Strategies LLC's holdings in FirstService were worth $1,006,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Trust Co. of Vermont bought a new stake in shares of FirstService in the 4th quarter valued at $46,000. Natixis lifted its position in shares of FirstService by 5,511.1% during the 4th quarter. Natixis now owns 505 shares of the financial services provider's stock valued at $91,000 after acquiring an additional 496 shares during the period. Blue Trust Inc. lifted its position in shares of FirstService by 158.2% during the 4th quarter. Blue Trust Inc. now owns 728 shares of the financial services provider's stock valued at $133,000 after acquiring an additional 446 shares during the period. Gitterman Wealth Management LLC acquired a new position in shares of FirstService during the 4th quarter valued at $201,000. Finally, Congress Asset Management Co. acquired a new position in shares of FirstService during the 4th quarter valued at $232,000. 69.35% of the stock is owned by institutional investors.
FirstService Stock Performance
FSV opened at $171.71 on Thursday. The company has a current ratio of 1.75, a quick ratio of 1.79 and a debt-to-equity ratio of 1.09. The company's fifty day moving average price is $169.55 and its two-hundred day moving average price is $178.41. FirstService Co. has a 1-year low of $141.26 and a 1-year high of $197.84. The company has a market cap of $7.80 billion, a price-to-earnings ratio of 57.81 and a beta of 1.04.
FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.08. FirstService had a net margin of 2.58% and a return on equity of 17.15%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. The business's revenue was up 8.0% on a year-over-year basis. On average, analysts expect that FirstService Co. will post 5.27 EPS for the current fiscal year.
FirstService Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.10 annualized dividend and a dividend yield of 0.64%. FirstService's payout ratio is 38.06%.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on FSV. StockNews.com downgraded shares of FirstService from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Raymond James boosted their target price 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. TD Securities boosted their target price on shares of FirstService from $198.00 to $200.00 and gave the company a "hold" rating in a research report on Wednesday, May 7th. Finally, Scotiabank dropped their target price on shares of FirstService from $217.50 to $210.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, FirstService currently has a consensus rating of "Moderate Buy" and an average target price of $206.33.
Get Our Latest Stock Report on FirstService
FirstService Profile
(
Free Report)
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.
See Also
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