Wellington Management Group LLP Sells 4,942 Shares of FirstService Co. (NASDAQ:FSV)

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

Other institutional investors and hedge funds have also bought and sold shares of the company. Natixis increased its stake in shares of FirstService by 5,511.1% in the fourth quarter. Natixis now owns 505 shares of the financial services provider's stock worth $91,000 after buying an additional 496 shares during the period. State of Wyoming purchased a new position in shares of FirstService in the fourth quarter valued at about $101,000. Blue Trust Inc. raised its stake in shares of FirstService by 158.2% during the fourth quarter. Blue Trust Inc. now owns 728 shares of the financial services provider's stock valued at $133,000 after acquiring an additional 446 shares during the last quarter. Gitterman Wealth Management LLC purchased a new stake in shares of FirstService during the fourth quarter worth about $201,000. Finally, Two Sigma Advisers LP bought a new stake in shares of FirstService in the fourth quarter worth about $201,000. 69.35% of the stock is currently owned by institutional investors.

FirstService Stock Up 0.1%

Shares of NASDAQ:FSV traded up $0.17 during trading on Thursday, hitting $176.40. The stock had a trading volume of 102,371 shares, compared to its average volume of 108,485. The company has a market capitalization of $8.02 billion, a PE ratio of 59.39 and a beta of 1.04. The company has a quick ratio of 1.79, a current ratio of 1.75 and a debt-to-equity ratio of 1.09. The firm's fifty day moving average is $171.66 and its 200 day moving average is $177.13. FirstService Co. has a 12 month low of $147.23 and a 12 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. FirstService had a return on equity of 17.15% and a net margin of 2.58%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the firm posted $0.67 earnings per share. The company's revenue for the quarter was up 8.0% on a year-over-year basis. Analysts anticipate that FirstService Co. will post 5.27 EPS for the current fiscal year.

FirstService Announces Dividend

The firm also recently declared 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 yield of 0.62%. FirstService's dividend payout ratio (DPR) is currently 38.06%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Scotiabank dropped their price objective on FirstService from $217.50 to $210.00 and set a "sector perform" rating for the company in a report on Thursday, April 17th. Wall Street Zen downgraded FirstService from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Finally, TD Securities lifted their price target on shares of FirstService from $198.00 to $200.00 and gave the company a "hold" rating in a report on Wednesday, May 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, FirstService presently has a consensus rating of "Moderate Buy" and a consensus target price 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.