Jacobson & Schmitt Advisors LLC raised its stake in FirstService Corporation (NASDAQ:FSV - Free Report) TSE: FSV by 2.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 96,311 shares of the financial services provider's stock after purchasing an additional 2,233 shares during the quarter. FirstService accounts for 3.3% of Jacobson & Schmitt Advisors LLC's portfolio, making the stock its 8th biggest position. Jacobson & Schmitt Advisors LLC owned 0.21% of FirstService worth $15,983,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Diversify Wealth Management LLC grew its stake in shares of FirstService by 4.4% in the first quarter. Diversify Wealth Management LLC now owns 2,127 shares of the financial services provider's stock worth $366,000 after acquiring an additional 89 shares during the last quarter. Parr Mcknight Wealth Management Group LLC boosted its position in shares of FirstService by 10.1% during the first quarter. Parr Mcknight Wealth Management Group LLC now owns 7,369 shares of the financial services provider's stock valued at $1,223,000 after buying an additional 679 shares during the last quarter. Brown Advisory Inc. purchased a new stake in shares of FirstService during the first quarter valued at $30,523,000. Catawba River Capital boosted its position in shares of FirstService by 0.4% during the first quarter. Catawba River Capital now owns 46,410 shares of the financial services provider's stock valued at $7,702,000 after buying an additional 187 shares during the last quarter. Finally, Baskin Financial Services Inc. boosted its position in shares of FirstService by 0.6% during the first quarter. Baskin Financial Services Inc. now owns 251,850 shares of the financial services provider's stock valued at $41,757,000 after buying an additional 1,588 shares during the last quarter. Institutional investors own 69.35% of the company's stock.
FirstService Stock Up 1.3%
Shares of FSV traded up $2.35 during trading hours on Friday, hitting $178.12. The company had a trading volume of 175,513 shares, compared to its average volume of 112,473. The company has a market capitalization of $8.10 billion, a PE ratio of 61.63 and a beta of 0.99. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 1.09. FirstService Corporation has a one year low of $153.13 and a one year high of $197.84. The company's fifty day moving average price is $176.03 and its two-hundred day moving average price is $174.44.
FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.08. FirstService had a return on equity of 17.49% and a net margin of 2.46%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the business earned $0.67 EPS. The company's quarterly revenue was up 8.0% compared to the same quarter last year. As a group, equities analysts forecast that FirstService Corporation will post 5.27 earnings per share for the current fiscal year.
FirstService Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Monday, June 30th were issued a dividend of $0.275 per share. The ex-dividend date was Monday, June 30th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.62%. FirstService's payout ratio is currently 38.06%.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on FSV. Wall Street Zen downgraded FirstService from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Scotiabank decreased their price objective on FirstService from $217.50 to $210.00 and set a "sector perform" rating on the stock in a research note on Thursday, April 17th. Finally, TD Securities raised 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $208.40.
Get Our Latest Analysis on FSV
FirstService Profile
(
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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