Harbor Capital Advisors Inc. decreased its position in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 51.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,488 shares of the financial services provider's stock after selling 9,863 shares during the period. Harbor Capital Advisors Inc.'s holdings in FirstService were worth $1,575,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of FirstService by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 1,794,676 shares of the financial services provider's stock valued at $325,100,000 after purchasing an additional 23,103 shares in the last quarter. FIL Ltd raised its position in FirstService by 12.0% during the 4th quarter. FIL Ltd now owns 1,057,284 shares of the financial services provider's stock worth $191,524,000 after buying an additional 113,592 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of 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 purchasing an additional 229,889 shares in the last quarter. Franklin Resources Inc. grew its stake in FirstService by 18.5% in the 4th quarter. Franklin Resources Inc. now owns 556,050 shares of the financial services provider's stock valued at $100,632,000 after acquiring an additional 86,909 shares during the last quarter. Finally, Norges Bank acquired a new stake in FirstService in the 4th quarter valued at about $98,615,000. Hedge funds and other institutional investors own 69.35% of the company's stock.
Analysts Set New Price Targets
Several research firms recently commented on FSV. TD Securities raised their price target on shares of FirstService from $198.00 to $200.00 and gave the company a "hold" rating in a report on Wednesday, May 7th. Scotiabank reduced their price target on shares of FirstService from $217.50 to $210.00 and set a "sector perform" rating for the company in a report on Thursday, April 17th. Finally, Wall Street Zen cut shares of FirstService from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Three 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 has an average rating of "Moderate Buy" and an average target price of $208.40.
Check Out Our Latest Report on FSV
FirstService Stock Performance
Shares of FSV stock traded up $1.29 on Monday, hitting $178.03. The company's stock had a trading volume of 110,998 shares, compared to its average volume of 108,477. FirstService Co. has a fifty-two week low of $148.43 and a fifty-two week high of $197.84. The stock's 50 day moving average is $173.81 and its 200-day moving average is $176.13. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75. The company has a market capitalization of $8.09 billion, a PE ratio of 59.94 and a beta of 1.01.
FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.84 by $0.08. FirstService had a net margin of 2.58% and a return on equity of 17.15%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the firm posted $0.67 EPS. The company's quarterly revenue was up 8.0% on a year-over-year basis. Equities research analysts expect that FirstService Co. will post 5.27 earnings per share for the current fiscal year.
FirstService Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Monday, June 30th. FirstService's dividend payout ratio is presently 38.06%.
FirstService Company 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.
Read More
Before you consider FirstService, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FirstService wasn't on the list.
While FirstService currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
