Voloridge Investment Management LLC grew its holdings in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 20.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,213 shares of the financial services provider's stock after purchasing an additional 9,752 shares during the period. Voloridge Investment Management LLC owned about 0.13% of FirstService worth $10,538,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in FirstService during the 4th quarter worth about $98,615,000. Raymond James Financial Inc. purchased a new position in FirstService during the 4th quarter worth approximately $48,541,000. Price T Rowe Associates Inc. MD grew its stake in shares of 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 valued at $118,767,000 after purchasing an additional 229,889 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of FirstService by 57.4% in the 4th quarter. CIBC Asset Management Inc now owns 457,735 shares of the financial services provider's stock valued at $83,138,000 after purchasing an additional 166,996 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of 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 during the period. Hedge funds and other institutional investors own 69.35% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have commented on the company. Scotiabank decreased their target price on FirstService from $217.50 to $210.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 17th. Raymond James increased their target price on FirstService from $215.00 to $225.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Wall Street Zen downgraded FirstService from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Finally, TD Securities raised their price objective on FirstService from $198.00 to $200.00 and gave the company a "hold" rating in a research note on Wednesday, May 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $206.33.
View Our Latest Report on FSV
FirstService Stock Down 0.3%
Shares of FSV traded down $0.46 on Friday, reaching $175.30. The company's stock had a trading volume of 12,998 shares, compared to its average volume of 109,247. 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 stock has a market capitalization of $7.97 billion, a PE ratio of 59.04 and a beta of 1.04. FirstService Co. has a twelve month low of $141.75 and a twelve month high of $197.84. The firm has a fifty day moving average of $171.18 and a 200-day moving average of $177.43.
FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.08. The company had revenue of $1.21 billion for 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 firm's revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 EPS. Equities analysts predict that FirstService Co. will post 5.27 EPS for the current year.
FirstService Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th will be issued a $0.275 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.10 annualized dividend and a dividend yield of 0.63%. FirstService's dividend payout ratio (DPR) is presently 38.06%.
About FirstService
(
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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