Two Sigma Investments LP Grows Holdings in FirstService Co. (NASDAQ:FSV)

Two Sigma Investments LP lifted its position in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 173.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,380 shares of the financial services provider's stock after buying an additional 3,416 shares during the quarter. Two Sigma Investments LP's holdings in FirstService were worth $974,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of FirstService by 1.3% during 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 shares of FirstService by 12.0% in the fourth quarter. FIL Ltd now owns 1,057,284 shares of the financial services provider's stock valued at $191,524,000 after purchasing an additional 113,592 shares during the period. Price T Rowe Associates Inc. MD increased its position in 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 worth $118,767,000 after buying an additional 229,889 shares during the period. Franklin Resources Inc. increased its position in shares of FirstService by 18.5% during the fourth quarter. Franklin Resources Inc. now owns 556,050 shares of the financial services provider's stock valued at $100,632,000 after purchasing an additional 86,909 shares during the period. Finally, Norges Bank bought a new stake in shares of FirstService during the fourth quarter valued at approximately $98,615,000. 69.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FSV has been the topic of several recent research reports. Wall Street Zen cut FirstService from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. TD Securities lifted their target price on FirstService from $198.00 to $200.00 and gave the stock a "hold" rating in a research note on Wednesday, May 7th. Finally, Scotiabank cut their target price on FirstService from $217.50 to $210.00 and set a "sector perform" rating for the company in a research report on Thursday, April 17th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $206.33.

FirstService Stock Down 0.2%

Shares of FSV stock traded down $0.33 during midday trading on Friday, reaching $176.07. 68,642 shares of the stock were exchanged, compared to its average volume of 108,332. The company has a current ratio of 1.75, a quick ratio of 1.79 and a debt-to-equity ratio of 1.09. The firm has a market cap of $8.00 billion, a PE ratio of 59.28 and a beta of 1.04. The company's 50 day moving average is $171.87 and its two-hundred day moving average is $177.08. FirstService Co. has a 1 year low of $147.23 and a 1 year high of $197.84.

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 for the quarter, beating analysts' consensus estimates of $0.84 by $0.08. FirstService had a return on equity of 17.15% and a net margin of 2.58%. The firm had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the previous year, the firm earned $0.67 EPS. The business's quarterly revenue was up 8.0% on a year-over-year basis. On average, equities research analysts predict 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. Stockholders 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 dividend yield of 0.62%. FirstService's payout ratio is presently 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.