FirstService Corporation (NASDAQ:FSV) Shares Purchased by Copeland Capital Management LLC

Copeland Capital Management LLC grew its holdings in FirstService Corporation (NASDAQ:FSV - Free Report) TSE: FSV by 7.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 382,852 shares of the financial services provider's stock after purchasing an additional 25,829 shares during the period. FirstService comprises approximately 1.3% of Copeland Capital Management LLC's holdings, making the stock its 24th largest holding. Copeland Capital Management LLC owned approximately 0.84% of FirstService worth $63,534,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FSV. Natixis raised its holdings in shares of FirstService by 5,511.1% in the fourth quarter. Natixis now owns 505 shares of the financial services provider's stock valued at $91,000 after acquiring an additional 496 shares in the last quarter. Spire Wealth Management increased its position in FirstService by 52.1% during the 1st quarter. Spire Wealth Management now owns 543 shares of the financial services provider's stock valued at $90,000 after purchasing an additional 186 shares during the period. State of Wyoming bought a new stake in shares of FirstService in the 4th quarter valued at about $101,000. Fifth Third Bancorp lifted its position in shares of FirstService by 23.0% in the 1st quarter. Fifth Third Bancorp now owns 769 shares of the financial services provider's stock worth $128,000 after purchasing an additional 144 shares during the period. Finally, Gitterman Wealth Management LLC bought a new position in shares of FirstService during the fourth quarter valued at approximately $201,000. 69.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on FSV shares. Wall Street Zen lowered FirstService from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. TD Securities upped their price objective on FirstService from $198.00 to $200.00 and gave the stock a "hold" rating in a research note on Wednesday, May 7th. Finally, Scotiabank dropped their price objective on FirstService from $217.50 to $210.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $208.40.

FirstService Stock Up 0.6%

Shares of FirstService stock traded up $1.07 during trading on Tuesday, reaching $175.69. The company's stock had a trading volume of 65,144 shares, compared to its average volume of 111,391. The company has a 50-day simple moving average of $174.94 and a two-hundred day simple moving average of $174.98. FirstService Corporation has a 1-year low of $150.53 and a 1-year high of $197.84. The company has a market cap of $7.99 billion, a price-to-earnings ratio of 60.79 and a beta of 1.01. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 1.09.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.08. The company 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%. The firm's revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 EPS. As a group, equities analysts forecast that FirstService Corporation will post 5.27 earnings per share for the current year.

FirstService Announces Dividend

The business 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 dividend of $0.275 per share. The ex-dividend date is Monday, June 30th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.63%. FirstService's 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.