American Century Companies Inc. Has $89.31 Million Stock Position in FirstService Corporation $FSV

Key Points

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American Century Companies Inc. lessened its holdings in shares of FirstService Corporation (NASDAQ:FSV - Free Report) TSE: FSV by 0.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 538,522 shares of the financial services provider's stock after selling 4,641 shares during the period. American Century Companies Inc. owned 1.19% of FirstService worth $89,312,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of FirstService by 1.2% during the first quarter. Vanguard Group Inc. now owns 1,815,548 shares of the financial services provider's stock worth $301,051,000 after purchasing an additional 20,872 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of FirstService by 53.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 656,097 shares of the financial services provider's stock worth $118,767,000 after purchasing an additional 229,889 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of FirstService by 27.8% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 533,385 shares of the financial services provider's stock worth $88,459,000 after purchasing an additional 115,898 shares in the last quarter. Copeland Capital Management LLC boosted its position in shares of FirstService by 7.2% during the first quarter. Copeland Capital Management LLC now owns 382,852 shares of the financial services provider's stock worth $63,534,000 after purchasing an additional 25,829 shares in the last quarter. Finally, Geneva Capital Management LLC boosted its position in shares of FirstService by 52.3% during the first quarter. Geneva Capital Management LLC now owns 362,293 shares of the financial services provider's stock worth $60,123,000 after purchasing an additional 124,385 shares in the last quarter. 69.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

FirstService Stock Performance

Shares of FirstService stock traded up $2.45 during trading on Friday, hitting $199.79. 117,274 shares of the stock were exchanged, compared to its average volume of 148,886. The stock has a market capitalization of $9.10 billion, a price-to-earnings ratio of 64.04 and a beta of 0.95. The company has a fifty day moving average price of $185.92 and a 200-day moving average price of $176.96. FirstService Corporation has a 1-year low of $153.13 and a 1-year high of $201.67. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.99.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last released its quarterly earnings data 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. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.40 billion. FirstService had a net margin of 2.61% and a return on equity of 18.24%. FirstService's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.36 EPS. As a group, equities analysts predict that FirstService Corporation will post 5.27 EPS for the current fiscal year.

About FirstService

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.