UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 20,467 Shares of FirstService Co. (NASDAQ:FSV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 32.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,317 shares of the financial services provider's stock after selling 20,467 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.09% of FirstService worth $7,660,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in FirstService by 158.2% in the fourth quarter. Blue Trust Inc. now owns 728 shares of the financial services provider's stock worth $133,000 after buying an additional 446 shares during the last quarter. DAVENPORT & Co LLC raised its holdings in FirstService by 77.6% in the fourth quarter. DAVENPORT & Co LLC now owns 5,074 shares of the financial services provider's stock worth $918,000 after buying an additional 2,217 shares during the last quarter. Berry Wealth Group LP raised its holdings in FirstService by 5.4% in the fourth quarter. Berry Wealth Group LP now owns 1,786 shares of the financial services provider's stock worth $323,000 after buying an additional 91 shares during the last quarter. Jennison Associates LLC raised its holdings in FirstService by 686.9% in the fourth quarter. Jennison Associates LLC now owns 37,702 shares of the financial services provider's stock worth $6,827,000 after buying an additional 32,911 shares during the last quarter. Finally, Sargent Investment Group LLC raised its holdings in FirstService by 11.3% in the fourth quarter. Sargent Investment Group LLC now owns 28,506 shares of the financial services provider's stock worth $4,999,000 after buying an additional 2,903 shares during the last quarter. Institutional investors own 69.35% of the company's stock.

FirstService Price Performance

Shares of NASDAQ:FSV traded up $0.17 during midday trading on Thursday, reaching $176.40. 102,815 shares of the company were exchanged, compared to its average volume of 108,450. 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 business's fifty day moving average is $171.87 and its two-hundred day moving average is $177.08. FirstService Co. has a one year low of $147.23 and a one year high of $197.84. The stock has a market cap of $8.02 billion, a PE ratio of 59.39 and a beta of 1.04.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.92 earnings per share for the quarter, topping 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 firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business earned $0.67 earnings per share. FirstService's revenue for the quarter was up 8.0% on a year-over-year basis. As a group, analysts predict that FirstService Co. will post 5.27 earnings per share for the current year.

FirstService Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Monday, June 30th will be given a dividend of $0.275 per share. The ex-dividend date is Monday, June 30th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.62%. FirstService's dividend payout ratio is 38.06%.

Analysts Set New Price Targets

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

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.