American Century Companies Inc. Reduces Stock Position in FirstService Corporation $FSV

Key Points

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American Century Companies Inc. reduced its position in shares of FirstService Corporation (NASDAQ:FSV - Free Report) TSE: FSV by 0.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 538,522 shares of the financial services provider's stock after selling 4,641 shares during the quarter. American Century Companies Inc. owned about 1.19% of FirstService worth $89,312,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. TCTC Holdings LLC increased its holdings in FirstService by 155.2% during the 1st quarter. TCTC Holdings LLC now owns 171 shares of the financial services provider's stock worth $28,000 after purchasing an additional 104 shares during the period. Spire Wealth Management increased its holdings in FirstService by 52.1% during the 1st quarter. Spire Wealth Management now owns 543 shares of the financial services provider's stock worth $90,000 after purchasing an additional 186 shares during the period. Natixis increased its holdings in FirstService by 5,511.1% during the 4th quarter. Natixis now owns 505 shares of the financial services provider's stock worth $91,000 after purchasing an additional 496 shares during the period. State of Wyoming purchased a new position in FirstService during the 4th quarter worth $101,000. Finally, Fifth Third Bancorp increased its holdings in FirstService by 23.0% during the 1st quarter. Fifth Third Bancorp now owns 769 shares of the financial services provider's stock worth $128,000 after purchasing an additional 144 shares during the period. 69.35% of the stock is currently owned by hedge funds and other institutional investors.

FirstService Stock Up 1.3%

FSV stock traded up $2.6480 on Friday, hitting $199.9880. 89,098 shares of the company's stock were exchanged, compared to its average volume of 138,600. FirstService Corporation has a 12-month low of $153.13 and a 12-month high of $201.67. The firm has a 50 day moving average price of $185.46 and a two-hundred day moving average price of $176.84. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.76 and a current ratio of 1.76. The stock has a market cap of $9.11 billion, a P/E ratio of 64.10 and a beta of 0.95.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last announced its earnings results on Thursday, July 24th. The financial services provider reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.26. FirstService had a return on equity of 18.24% and a net margin of 2.61%.The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the business earned $1.36 EPS. The firm's revenue for the quarter was up 9.1% on a year-over-year basis. As a group, equities research analysts expect that FirstService Corporation will post 5.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FSV has been the topic of several recent research reports. Wall Street Zen raised FirstService from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. TD Securities increased their target price on FirstService from $200.00 to $211.00 and gave the company a "hold" rating in a research report on Friday, July 25th. Finally, Scotiabank increased their target price on FirstService from $210.00 to $220.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $217.75.

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.