Brown Advisory Inc. Buys New Shares in FirstService Corporation (NASDAQ:FSV)

Brown Advisory Inc. bought a new stake in FirstService Corporation (NASDAQ:FSV - Free Report) TSE: FSV in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 183,930 shares of the financial services provider's stock, valued at approximately $30,523,000. Brown Advisory Inc. owned about 0.40% of FirstService as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FSV. Signaturefd LLC increased its position in FirstService by 7.5% during the fourth quarter. Signaturefd LLC now owns 1,363 shares of the financial services provider's stock worth $247,000 after acquiring an additional 95 shares during the period. Stifel Financial Corp increased its holdings in 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 buying an additional 102 shares during the period. Vista Finance LLC increased its holdings in FirstService by 7.0% in the 1st quarter. Vista Finance LLC now owns 2,000 shares of the financial services provider's stock valued at $332,000 after buying an additional 131 shares during the period. Fifth Third Bancorp increased its holdings in FirstService by 23.0% in the 1st quarter. Fifth Third Bancorp now owns 769 shares of the financial services provider's stock valued at $128,000 after buying an additional 144 shares during the period. Finally, Snowden Capital Advisors LLC increased its holdings in FirstService by 6.5% in the 4th quarter. Snowden Capital Advisors LLC now owns 2,473 shares of the financial services provider's stock valued at $448,000 after buying an additional 151 shares during the period. 69.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on FSV. TD Securities boosted their price target on shares of FirstService from $198.00 to $200.00 and gave the company a "hold" rating in a report on Wednesday, May 7th. Scotiabank lowered their target price on shares of FirstService from $217.50 to $210.00 and set a "sector perform" rating on the stock in a report on Thursday, April 17th. Finally, Wall Street Zen lowered shares of FirstService from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $208.40.

FirstService Trading Up 0.6%

Shares of FSV stock traded up $1.02 on Thursday, reaching $178.72. The company had a trading volume of 113,676 shares, compared to its average volume of 111,960. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 1.09. The stock has a market cap of $8.12 billion, a PE ratio of 61.84 and a beta of 0.99. The company has a 50-day moving average of $175.59 and a 200-day moving average of $174.77. FirstService Corporation has a 12 month low of $152.72 and a 12 month high of $197.84.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.08. The business had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.28 billion. FirstService had a return on equity of 17.49% and a net margin of 2.46%. FirstService's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 EPS. On average, equities analysts forecast that FirstService Corporation will post 5.27 earnings per share for the current year.

FirstService Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th were paid a dividend of $0.275 per share. The ex-dividend date was Monday, June 30th. This represents a $1.10 annualized dividend and a dividend yield of 0.62%. FirstService's dividend payout ratio is currently 38.06%.

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.