29,408 Shares in FirstService Corporation $FSV Bought by Aptus Capital Advisors LLC

Key Points

• Aptus Capital Advisors LLC has acquired a new stake in FirstService Corporation, purchasing 29,408 shares valued at approximately $4.88 million.
• FirstService's stock has been upgraded by analysts, with Wall Street Zen raising its rating from "hold" to "buy" and Scotiabank increasing its target price from $210 to $220.
• FirstService reported a strong quarterly performance, with earnings per share of $1.71, surpassing analyst estimates by $0.26, and a revenue increase of 9.1% year-over-year.

Aptus Capital Advisors LLC purchased a new position in shares of FirstService Corporation (NASDAQ:FSV - Free Report) TSE: FSV during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 29,408 shares of the financial services provider's stock, valued at approximately $4,880,000. Aptus Capital Advisors LLC owned approximately 0.06% of FirstService at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of FirstService by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 1,815,548 shares of the financial services provider's stock worth $301,051,000 after acquiring 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 4th quarter. Price T Rowe Associates Inc. MD now owns 656,097 shares of the financial services provider's stock worth $118,767,000 after acquiring 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 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 533,385 shares of the financial services provider's stock worth $88,459,000 after acquiring 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 1st quarter. Copeland Capital Management LLC now owns 382,852 shares of the financial services provider's stock worth $63,534,000 after acquiring 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 1st quarter. Geneva Capital Management LLC now owns 362,293 shares of the financial services provider's stock worth $60,123,000 after acquiring an additional 124,385 shares in the last quarter. Institutional investors and hedge funds own 69.35% of the company's stock.

Analyst Upgrades and Downgrades

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

FirstService Trading Down 0.2%

NASDAQ FSV traded down $0.3470 during mid-day trading on Monday, reaching $199.4430. 18,632 shares of the stock were exchanged, compared to its average volume of 138,043. FirstService Corporation has a one year low of $153.13 and a one year high of $201.67. The stock has a 50 day simple moving average of $185.92 and a 200-day simple moving average of $177.02. The stock has a market cap of $9.09 billion, a P/E ratio of 64.06 and a beta of 0.95. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.76 and a quick ratio of 1.76.

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 analysts' consensus estimates of $1.45 by $0.26. FirstService had a net margin of 2.61% and a return on equity of 18.24%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the firm earned $1.36 earnings per share. FirstService's quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts anticipate that FirstService Corporation will post 5.27 EPS for the current year.

FirstService Company 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.