Conestoga Capital Advisors LLC decreased its holdings in FirstService Corporation (NASDAQ:FSV - Free Report) TSE: FSV by 0.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,443,619 shares of the financial services provider's stock after selling 5,333 shares during the quarter. FirstService comprises approximately 3.6% of Conestoga Capital Advisors LLC's portfolio, making the stock its 4th biggest position. Conestoga Capital Advisors LLC owned 3.18% of FirstService worth $239,569,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in FSV. Natixis raised its position in shares of FirstService by 5,511.1% in the 4th quarter. Natixis now owns 505 shares of the financial services provider's stock worth $91,000 after acquiring an additional 496 shares in the last quarter. State of Wyoming bought a new stake in shares of FirstService during the fourth quarter valued at approximately $101,000. Fifth Third Bancorp grew its stake in FirstService by 23.0% in the first 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. Gitterman Wealth Management LLC bought a new position in FirstService in the fourth quarter worth $201,000. Finally, Two Sigma Advisers LP bought a new position in FirstService in the fourth quarter worth $201,000. Institutional investors own 69.35% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently commented on FSV shares. TD Securities boosted their target price on shares of FirstService from $198.00 to $200.00 and gave the company a "hold" rating in a 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 price objective 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, FirstService has a consensus rating of "Moderate Buy" and a consensus price target of $208.40.
View Our Latest Stock Report on FSV
FirstService Stock Down 2.7%
Shares of NASDAQ FSV traded down $4.85 during trading on Friday, reaching $172.74. The company had a trading volume of 106,569 shares, compared to its average volume of 108,464. FirstService Corporation has a 12-month low of $148.43 and a 12-month high of $197.84. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 1.09. The business's 50-day moving average is $174.45 and its 200 day moving average is $176.05. The stock has a market cap of $7.85 billion, a PE ratio of 59.77 and a beta of 1.01.
FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last announced its quarterly 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 company had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.28 billion. FirstService had a net margin of 2.46% and a return on equity of 17.49%. FirstService's revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 EPS. As a group, equities analysts forecast that FirstService Corporation will post 5.27 earnings per share for the current fiscal year.
FirstService Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Monday, June 30th. FirstService's payout ratio is 38.06%.
About FirstService
(
Free Report)
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.
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