FirstService Co. (NASDAQ:FSV) Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its position in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 123.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,151 shares of the financial services provider's stock after buying an additional 8,375 shares during the period. Public Employees Retirement System of Ohio's holdings in FirstService were worth $2,743,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in FirstService in the 4th quarter valued at about $98,615,000. Raymond James Financial Inc. purchased a new position in FirstService during the fourth quarter worth approximately $48,541,000. Price T Rowe Associates Inc. MD boosted its stake in FirstService by 53.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 656,097 shares of the financial services provider's stock worth $118,767,000 after buying an additional 229,889 shares during the last quarter. CIBC Asset Management Inc boosted its stake in FirstService by 57.4% during the fourth quarter. CIBC Asset Management Inc now owns 457,735 shares of the financial services provider's stock worth $83,138,000 after buying an additional 166,996 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in FirstService by 36.2% in the 4th quarter. American Century Companies Inc. now owns 543,163 shares of the financial services provider's stock valued at $98,380,000 after buying an additional 144,234 shares in the last quarter. Institutional investors and hedge funds own 69.35% of the company's stock.

FirstService Trading Down 0.1%

Shares of NASDAQ:FSV traded down $0.22 during mid-day trading on Monday, reaching $175.18. 108,670 shares of the company were exchanged, compared to its average volume of 109,045. FirstService Co. has a 1 year low of $146.68 and a 1 year high of $197.84. 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's 50-day simple moving average is $171.27 and its 200 day simple moving average is $177.23. The firm has a market cap of $7.96 billion, a price-to-earnings ratio of 58.98 and a beta of 1.04.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.08. The business had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.28 billion. FirstService had a return on equity of 17.15% and a net margin of 2.58%. The company's revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 earnings per share. Equities research analysts forecast that FirstService Co. will post 5.27 EPS for the current year.

FirstService Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Monday, June 30th will be given a $0.275 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.10 annualized dividend and a yield of 0.63%. FirstService's dividend payout ratio is presently 38.06%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of FirstService from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Scotiabank cut 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, TD Securities upped their price objective on FirstService from $198.00 to $200.00 and gave the company a "hold" rating in a report on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $206.33.

FirstService 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.