Public Employees Retirement System of Ohio Acquires 8,375 Shares of FirstService Co. (NASDAQ:FSV)

Public Employees Retirement System of Ohio grew its holdings in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 123.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,151 shares of the financial services provider's stock after acquiring an additional 8,375 shares during the period. Public Employees Retirement System of Ohio's holdings in FirstService were worth $2,743,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Berry Wealth Group LP raised its position in shares of FirstService by 5.4% during the 4th quarter. Berry Wealth Group LP now owns 1,786 shares of the financial services provider's stock valued at $323,000 after purchasing an additional 91 shares during the period. Signaturefd LLC grew its stake in shares of FirstService by 7.5% in the 4th quarter. Signaturefd LLC now owns 1,363 shares of the financial services provider's stock worth $247,000 after buying an additional 95 shares in the last quarter. Stifel Financial Corp grew its stake in shares of FirstService by 0.5% in the 4th quarter. Stifel Financial Corp now owns 21,205 shares of the financial services provider's stock worth $3,838,000 after buying an additional 102 shares in the last quarter. Snowden Capital Advisors LLC grew its stake in shares of FirstService by 6.5% in the 4th quarter. Snowden Capital Advisors LLC now owns 2,473 shares of the financial services provider's stock worth $448,000 after buying an additional 151 shares in the last quarter. Finally, Advisors Capital Management LLC grew its stake in shares of FirstService by 1.0% in the 4th quarter. Advisors Capital Management LLC now owns 22,555 shares of the financial services provider's stock worth $4,083,000 after buying an additional 233 shares in the last quarter. 69.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on FSV. TD Securities lifted their price target on shares of FirstService from $198.00 to $200.00 and gave the stock a "hold" rating in a research note on Wednesday, May 7th. Scotiabank dropped their price target on shares of FirstService from $217.50 to $210.00 and set a "sector perform" rating for the company in a research note 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 four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $206.33.

FirstService Trading Up 0.8%

FSV traded up $1.47 on Wednesday, reaching $176.23. 38,903 shares of the company traded hands, compared to its average volume of 108,509. FirstService Co. has a one year low of $147.23 and a one year high of $197.84. The firm has a fifty day simple moving average of $171.66 and a two-hundred day simple moving average of $177.13. The company has a market cap of $8.01 billion, a P/E ratio of 59.34 and a beta of 1.04. The company has a quick ratio of 1.79, a current ratio of 1.75 and a debt-to-equity ratio of 1.09.

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 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $1.28 billion. During the same quarter last year, the business posted $0.67 EPS. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities research analysts expect that FirstService Co. will post 5.27 earnings per share for the current year.

FirstService Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors 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 dividend on an annualized basis and a yield of 0.62%. FirstService's payout ratio is 38.06%.

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.