USS Investment Management Ltd cut its position in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 33.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 13,242 shares of the financial services provider's stock after selling 6,798 shares during the period. USS Investment Management Ltd's holdings in FirstService were worth $2,300,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of FSV. CIBC Asset Management Inc grew its position 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 valued at $83,138,000 after buying an additional 166,996 shares during the period. Northern Trust Corp boosted its position in shares of FirstService by 41.7% in the fourth quarter. Northern Trust Corp now owns 64,496 shares of the financial services provider's stock worth $11,675,000 after purchasing an additional 18,977 shares during the period. Fiera Capital Corp boosted its position in shares of FirstService by 24.1% in the fourth quarter. Fiera Capital Corp now owns 258,848 shares of the financial services provider's stock worth $46,839,000 after purchasing an additional 50,265 shares during the period. Triasima Portfolio Management inc. bought a new position in shares of FirstService in the fourth quarter worth approximately $2,816,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of FirstService in the fourth quarter worth approximately $308,000. 69.35% of the stock is owned by hedge funds and other institutional investors.
FirstService Stock Performance
FSV stock traded up $3.05 during trading on Tuesday, reaching $176.11. The company had a trading volume of 63,502 shares, compared to its average volume of 109,767. The firm has a 50-day simple moving average of $170.91 and a 200-day simple moving average of $177.53. The company has a market cap of $8.00 billion, a price-to-earnings ratio of 59.30 and a beta of 1.04. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75. FirstService Co. has a twelve month low of $141.26 and a twelve month high of $197.84.
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 EPS for the quarter, beating the consensus estimate 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 net margin of 2.58% and a return on equity of 17.15%. The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.67 EPS. As a group, sell-side analysts expect that FirstService Co. will post 5.27 earnings per share for the current year.
FirstService Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Monday, June 30th will be paid a dividend of $0.275 per share. The ex-dividend date is Monday, June 30th. This represents a $1.10 annualized dividend and a yield of 0.62%. FirstService's dividend payout ratio is presently 38.06%.
Analyst Ratings Changes
FSV has been the subject of a number of research reports. Scotiabank dropped their target price on shares of FirstService from $217.50 to $210.00 and set a "sector perform" rating for the company in a research report on Thursday, April 17th. TD Securities increased their target price on shares of FirstService from $198.00 to $200.00 and gave the stock a "hold" rating in a report on Wednesday, May 7th. Raymond James raised their price target on shares of FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Finally, Wall Street Zen cut shares of FirstService from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, FirstService presently has a consensus rating of "Moderate Buy" and a consensus price target of $206.33.
Read Our Latest Stock Report on FirstService
FirstService Company Profile
(
Free Report)
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.
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