Copeland Capital Management LLC Purchases 25,829 Shares of FirstService Corporation (NASDAQ:FSV)

Copeland Capital Management LLC raised its position in FirstService Corporation (NASDAQ:FSV - Free Report) TSE: FSV by 7.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 382,852 shares of the financial services provider's stock after acquiring an additional 25,829 shares during the period. FirstService comprises 1.3% of Copeland Capital Management LLC's portfolio, making the stock its 24th biggest position. Copeland Capital Management LLC owned about 0.84% of FirstService worth $63,534,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of FSV. Norges Bank bought a new stake in FirstService in the 4th quarter valued at approximately $98,615,000. Raymond James Financial Inc. bought a new stake in FirstService in the 4th quarter valued at approximately $48,541,000. Price T Rowe Associates Inc. MD lifted its stake in FirstService by 53.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 656,097 shares of the financial services provider's stock valued at $118,767,000 after acquiring an additional 229,889 shares in the last quarter. American Century Companies Inc. lifted its stake in FirstService by 36.2% in the 4th quarter. American Century Companies Inc. now owns 543,163 shares of the financial services provider's stock valued at $98,380,000 after acquiring an additional 144,234 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in FirstService by 244.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 172,258 shares of the financial services provider's stock valued at $31,165,000 after acquiring an additional 122,222 shares in the last quarter. Institutional investors own 69.35% of the company's stock.

FirstService Stock Up 0.3%

NASDAQ FSV traded up $0.44 during trading hours on Friday, hitting $172.92. 151,424 shares of the company traded hands, compared to its average volume of 110,070. The business's 50-day moving average is $174.86 and its 200-day moving average is $175.18. FirstService Corporation has a twelve month low of $150.53 and a twelve month high of $197.84. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.94 and a current ratio of 1.94. The stock has a market capitalization of $7.86 billion, a price-to-earnings ratio of 59.83 and a beta of 1.01.

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 (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.08. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.28 billion. FirstService had a return on equity of 17.49% and a net margin of 2.46%. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 earnings per share. Sell-side analysts anticipate that FirstService Corporation will post 5.27 earnings per share for the current year.

FirstService Dividend Announcement

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. The ex-dividend date is Monday, June 30th. This represents a $1.10 annualized dividend and a yield of 0.64%. FirstService's dividend payout ratio is 38.06%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on FSV shares. Scotiabank reduced their price target on FirstService from $217.50 to $210.00 and set a "sector perform" rating for the company in a research report on Thursday, April 17th. TD Securities increased their price target on FirstService from $198.00 to $200.00 and gave the company a "hold" rating in a research report on Wednesday, May 7th. Finally, Wall Street Zen cut FirstService from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, FirstService presently has an average rating of "Moderate Buy" and a consensus target price of $208.40.

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.