FirstService Co. (NASDAQ:FSV) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its position in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,671 shares of the financial services provider's stock after selling 4,942 shares during the period. Wellington Management Group LLP owned 0.13% of FirstService worth $10,440,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC purchased a new stake in FirstService during the fourth quarter worth $218,000. Parr Mcknight Wealth Management Group LLC acquired a new position in FirstService during the fourth quarter worth $1,211,000. Public Employees Retirement System of Ohio raised its position in FirstService by 123.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 15,151 shares of the financial services provider's stock worth $2,743,000 after acquiring an additional 8,375 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in FirstService by 8.0% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 94,842 shares of the financial services provider's stock worth $17,158,000 after acquiring an additional 6,990 shares during the period. Finally, Voloridge Investment Management LLC raised its position in FirstService by 20.1% during the fourth quarter. Voloridge Investment Management LLC now owns 58,213 shares of the financial services provider's stock worth $10,538,000 after acquiring an additional 9,752 shares during the period. 69.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FSV has been the subject of a number of research analyst reports. Wall Street Zen cut shares of FirstService from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. TD Securities upped their price objective on shares of FirstService from $198.00 to $200.00 and gave the stock a "hold" rating in a research report on Wednesday, May 7th. Finally, Scotiabank reduced their price objective 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. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $206.33.

FirstService Price Performance

Shares of NASDAQ FSV traded down $0.33 during mid-day trading on Friday, reaching $176.07. The company's stock had a trading volume of 68,642 shares, compared to its average volume of 108,332. FirstService Co. has a 1-year low of $147.23 and a 1-year high of $197.84. The stock has a market capitalization of $8.00 billion, a P/E ratio of 59.28 and a beta of 1.04. The stock has a 50-day moving average of $172.02 and a two-hundred day moving average of $177.01. 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 (NASDAQ:FSV - Get Free Report) TSE: FSV last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $1.28 billion. During the same period last year, the business earned $0.67 earnings per share. FirstService's revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts anticipate that FirstService Co. will post 5.27 EPS for the current fiscal year.

FirstService Dividend Announcement

The company also recently disclosed 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. This represents a $1.10 annualized dividend and a yield of 0.62%. The ex-dividend date is Monday, June 30th. FirstService's payout ratio is currently 38.06%.

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.