FirstService Corporation (NASDAQ:FSV) Stock Position Raised by Jacobson & Schmitt Advisors LLC

Jacobson & Schmitt Advisors LLC boosted its position in FirstService Corporation (NASDAQ:FSV - Free Report) TSE: FSV by 2.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,311 shares of the financial services provider's stock after buying an additional 2,233 shares during the period. FirstService makes up approximately 3.3% of Jacobson & Schmitt Advisors LLC's portfolio, making the stock its 8th biggest position. Jacobson & Schmitt Advisors LLC owned approximately 0.21% of FirstService worth $15,983,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Natixis increased its position in FirstService by 5,511.1% in the 4th quarter. Natixis now owns 505 shares of the financial services provider's stock valued at $91,000 after buying an additional 496 shares in the last quarter. Spire Wealth Management boosted its stake 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 last quarter. State of Wyoming acquired a new position in FirstService during the 4th quarter valued at about $101,000. Fifth Third Bancorp boosted its stake in FirstService by 23.0% during the 1st quarter. Fifth Third Bancorp now owns 769 shares of the financial services provider's stock valued at $128,000 after purchasing an additional 144 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new position in FirstService during the 4th quarter valued at about $201,000. 69.35% of the stock is owned by institutional investors.

FirstService Stock Performance

Shares of FSV stock traded up $1.46 during trading on Friday, hitting $177.23. The company's stock had a trading volume of 85,420 shares, compared to its average volume of 111,864. The company has a market cap of $8.06 billion, a PE ratio of 61.27 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. The business has a fifty day moving average of $175.93 and a 200-day moving average of $174.51. FirstService Corporation has a 52 week low of $153.13 and a 52 week high of $197.84.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last released its earnings results 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. FirstService had a return on equity of 17.49% and a net margin of 2.46%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the company posted $0.67 earnings per share. FirstService's quarterly revenue was up 8.0% on a year-over-year basis. As a group, research analysts anticipate that FirstService Corporation will post 5.27 earnings per share for the current year.

FirstService Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Monday, June 30th were paid a $0.275 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.10 annualized dividend and a yield of 0.62%. FirstService's payout ratio is 38.06%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Scotiabank cut their price target on FirstService from $217.50 to $210.00 and set a "sector perform" rating for the company in a research note on Thursday, April 17th. TD Securities lifted their price target on FirstService from $198.00 to $200.00 and gave the company a "hold" rating in a research note on Wednesday, May 7th. Finally, Wall Street Zen downgraded FirstService from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $208.40.

About FirstService

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.