FirstService Corporation $FSV Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in FirstService Corporation (NASDAQ:FSV - Free Report) TSE: FSV by 1.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,815,548 shares of the financial services provider's stock after acquiring an additional 20,872 shares during the quarter. Vanguard Group Inc. owned 4.00% of FirstService worth $301,051,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. TCTC Holdings LLC increased its stake in shares of FirstService by 155.2% in the first quarter. TCTC Holdings LLC now owns 171 shares of the financial services provider's stock worth $28,000 after acquiring an additional 104 shares during the period. Spire Wealth Management increased its stake in shares of FirstService by 52.1% in the first quarter. Spire Wealth Management now owns 543 shares of the financial services provider's stock worth $90,000 after acquiring an additional 186 shares during the period. Natixis grew its position in FirstService by 5,511.1% during the fourth quarter. Natixis now owns 505 shares of the financial services provider's stock valued at $91,000 after buying an additional 496 shares during the period. State of Wyoming acquired a new stake in FirstService during the fourth quarter valued at $101,000. Finally, Fifth Third Bancorp grew its position in FirstService by 23.0% during the first 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. Institutional investors and hedge funds own 69.35% of the company's stock.

FirstService Stock Performance

FSV opened at $198.22 on Monday. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.99. The company has a market cap of $9.03 billion, a price-to-earnings ratio of 63.53 and a beta of 0.95. FirstService Corporation has a 52-week low of $153.13 and a 52-week high of $201.10. The firm's fifty day simple moving average is $183.83 and its two-hundred day simple moving average is $176.28.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on FSV. TD Securities raised their price target on shares of FirstService from $200.00 to $211.00 and gave the company a "hold" rating in a research report on Friday, July 25th. Wall Street Zen upgraded shares of FirstService from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Scotiabank raised their price target on shares of FirstService from $210.00 to $220.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, FirstService presently has a consensus rating of "Moderate Buy" and an average 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.

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