Avanza Fonder AB Purchases 2,500 Shares of FirstService Co. (NASDAQ:FSV)

Avanza Fonder AB raised its holdings in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 100.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 5,000 shares of the financial services provider's stock after acquiring an additional 2,500 shares during the quarter. Avanza Fonder AB's holdings in FirstService were worth $830,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Natixis increased its position in shares of FirstService by 5,511.1% during the fourth quarter. Natixis now owns 505 shares of the financial services provider's stock worth $91,000 after buying an additional 496 shares during the period. State of Wyoming acquired a new stake in shares of FirstService during the fourth quarter worth $101,000. Gitterman Wealth Management LLC acquired a new stake in shares of FirstService during the fourth quarter worth $201,000. Two Sigma Advisers LP acquired a new stake in shares of FirstService during the fourth quarter worth $201,000. Finally, Versant Capital Management Inc increased its position in shares of FirstService by 716.4% during the first quarter. Versant Capital Management Inc now owns 1,298 shares of the financial services provider's stock worth $215,000 after buying an additional 1,139 shares during the period. 69.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FSV shares. TD Securities increased their price objective on shares of FirstService from $198.00 to $200.00 and gave the stock a "hold" rating in a research report on Wednesday, May 7th. Wall Street Zen lowered shares of FirstService from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Finally, Scotiabank cut 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 note on Thursday, April 17th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $208.40.

FirstService Stock Up 0.7%

Shares of FirstService stock traded up $1.29 during trading hours on Monday, reaching $178.03. The company's stock had a trading volume of 110,998 shares, compared to its average volume of 108,477. FirstService Co. has a one year low of $148.43 and a one year high of $197.84. The company has a market capitalization of $8.09 billion, a P/E ratio of 59.94 and a beta of 1.01. The stock's fifty day simple moving average is $173.81 and its two-hundred day simple moving average is $176.13. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75.

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, beating analysts' consensus estimates 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 analyst estimates of $1.28 billion. During the same period last year, the firm earned $0.67 earnings per share. The business's quarterly revenue was up 8.0% compared to the same quarter last year. On average, research analysts forecast that FirstService Co. will post 5.27 earnings per share for the current year.

FirstService Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Monday, June 30th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Monday, June 30th. FirstService's dividend payout ratio (DPR) is 38.06%.

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.