Dimensional Fund Advisors LP Sells 3,226 Shares of FirstService Co. (NASDAQ:FSV)

Dimensional Fund Advisors LP trimmed its position in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 163,133 shares of the financial services provider's stock after selling 3,226 shares during the period. Dimensional Fund Advisors LP owned approximately 0.36% of FirstService worth $29,530,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FSV. Wilmington Savings Fund Society FSB purchased a new position in shares of FirstService during the third quarter valued at $53,000. Franklin Resources Inc. grew its stake in FirstService by 486.3% during the 3rd quarter. Franklin Resources Inc. now owns 469,141 shares of the financial services provider's stock valued at $87,308,000 after acquiring an additional 389,129 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of FirstService by 5.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 200,776 shares of the financial services provider's stock valued at $36,634,000 after purchasing an additional 10,191 shares during the period. Versant Capital Management Inc purchased a new stake in shares of FirstService in the fourth quarter worth approximately $29,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of FirstService by 253.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 19,351 shares of the financial services provider's stock worth $3,503,000 after purchasing an additional 13,876 shares during the period. 69.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FSV has been the subject of a number of recent research reports. Scotiabank cut their price target on FirstService from $217.50 to $210.00 and set a "sector perform" rating for the company in a research note on Thursday, April 17th. Raymond James boosted their target price on shares of FirstService from $215.00 to $225.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. TD Securities lifted their price objective on FirstService from $198.00 to $200.00 and gave the stock a "hold" rating in a report on Wednesday. Finally, StockNews.com lowered shares of FirstService from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $206.33.

FirstService Stock Down 0.8 %

FSV traded down $1.43 on Friday, hitting $173.47. 61,651 shares of the company were exchanged, compared to its average volume of 109,284. The company has a market cap of $7.88 billion, a PE ratio of 58.41 and a beta of 1.04. FirstService Co. has a 12 month low of $141.26 and a 12 month high of $197.84. The stock's fifty day moving average is $169.54 and its 200-day moving average is $178.76. 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 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the company earned $0.67 earnings per share. The company's quarterly revenue was up 8.0% on a year-over-year basis. Equities research analysts predict that FirstService Co. will post 5.27 EPS for the current fiscal year.

FirstService Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Monday, June 30th. FirstService's dividend payout ratio (DPR) is presently 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.