1,360 Shares in FirstService Corporation (NASDAQ:FSV) Bought by Blueshift Asset Management LLC

Key Points

• Blueshift Asset Management LLC made a new investment of $226,000 in FirstService Corporation (NASDAQ:FSV), acquiring 1,360 shares in the first quarter.
• Several hedge funds have increased their stakes in FirstService, with notable increases including a 142.0% growth by Dearborn Partners LLC.
• FirstService has seen positive analyst upgrades, with its stock rating changed from "hold" to "buy" and an average price target of $217.75.

Blueshift Asset Management LLC purchased a new stake in FirstService Corporation (NASDAQ:FSV - Free Report) TSE: FSV during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,360 shares of the financial services provider's stock, valued at approximately $226,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allianz Asset Management GmbH boosted its stake in shares of FirstService by 1.3% during the 1st quarter. Allianz Asset Management GmbH now owns 5,784 shares of the financial services provider's stock valued at $959,000 after buying an additional 76 shares during the period. Diversify Wealth Management LLC lifted its stake in shares of FirstService by 4.4% in the 1st quarter. Diversify Wealth Management LLC now owns 2,127 shares of the financial services provider's stock valued at $366,000 after purchasing an additional 89 shares during the last quarter. US Bancorp DE lifted its stake in shares of FirstService by 7.3% in the 1st quarter. US Bancorp DE now owns 1,431 shares of the financial services provider's stock valued at $238,000 after purchasing an additional 97 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of FirstService by 0.5% in the 4th quarter. Stifel Financial Corp now owns 21,205 shares of the financial services provider's stock valued at $3,838,000 after purchasing an additional 102 shares during the last quarter. Finally, TCTC Holdings LLC lifted its stake in shares of FirstService by 155.2% in the 1st quarter. TCTC Holdings LLC now owns 171 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 104 shares during the last quarter. 69.35% of the stock is currently owned by institutional investors.

FirstService Price Performance

Shares of FirstService stock traded up $2.16 during trading on Thursday, hitting $198.14. 64,145 shares of the company's stock traded hands, compared to its average volume of 140,850. The company has a market cap of $9.01 billion, a PE ratio of 63.47 and a beta of 0.95. FirstService Corporation has a twelve month low of $153.13 and a twelve month high of $201.10. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.76 and a quick ratio of 1.94. The firm's fifty day moving average price is $180.74 and its 200 day moving average price is $175.75.

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

Wall Street Analyst Weigh In

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

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.