NBC Securities Inc. Grows Stake in FirstService Co. (NASDAQ:FSV)

NBC Securities Inc. grew its holdings in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 108,033.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,244 shares of the financial services provider's stock after purchasing an additional 3,241 shares during the quarter. NBC Securities Inc.'s holdings in FirstService were worth $538,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CIBC Asset Management Inc grew its stake in shares of FirstService by 57.4% in the 4th quarter. CIBC Asset Management Inc now owns 457,735 shares of the financial services provider's stock valued at $83,138,000 after buying an additional 166,996 shares during the period. Northern Trust Corp grew its stake in shares of FirstService by 41.7% in the 4th quarter. Northern Trust Corp now owns 64,496 shares of the financial services provider's stock valued at $11,675,000 after buying an additional 18,977 shares during the period. Fiera Capital Corp grew its stake in shares of FirstService by 24.1% in the 4th quarter. Fiera Capital Corp now owns 258,848 shares of the financial services provider's stock valued at $46,839,000 after buying an additional 50,265 shares during the period. Triasima Portfolio Management inc. purchased a new stake in FirstService in the fourth quarter valued at $2,816,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in FirstService in the fourth quarter valued at $308,000. 69.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on FSV. Wall Street Zen downgraded FirstService from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Scotiabank reduced their target price on FirstService from $217.50 to $210.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 17th. Finally, TD Securities lifted their target price on FirstService from $198.00 to $200.00 and gave the company a "hold" rating in a research report on Wednesday, May 7th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $206.33.

FirstService Trading Up 0.1%

Shares of FSV stock traded up $0.17 on Thursday, hitting $176.40. The stock had a trading volume of 102,815 shares, compared to its average volume of 108,450. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79. The firm has a market capitalization of $8.02 billion, a P/E ratio of 59.39 and a beta of 1.04. FirstService Co. has a 1 year low of $147.23 and a 1 year high of $197.84. The company's 50 day moving average price is $171.87 and its 200-day moving average price is $177.08.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last posted its quarterly earnings data 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. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.28 billion. FirstService had a return on equity of 17.15% and a net margin of 2.58%. The company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.67 EPS. Analysts anticipate that FirstService Co. will post 5.27 earnings per share for the current year.

FirstService Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.10 annualized dividend and a yield of 0.62%. FirstService's dividend payout ratio (DPR) is 38.06%.

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.