FirstService Co. (NASDAQ:FSV) Position Cut by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC decreased its position in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 25.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,868 shares of the financial services provider's stock after selling 24,882 shares during the quarter. United Capital Financial Advisors LLC owned 0.16% of FirstService worth $13,010,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. FMR LLC boosted its holdings in FirstService by 25.7% in the third quarter. FMR LLC now owns 3,357 shares of the financial services provider's stock valued at $613,000 after purchasing an additional 686 shares during the last quarter. HighTower Advisors LLC grew its position in shares of FirstService by 3.5% during the third quarter. HighTower Advisors LLC now owns 2,932 shares of the financial services provider's stock worth $533,000 after buying an additional 98 shares in the last quarter. Stifel Financial Corp increased its stake in shares of FirstService by 65.4% in the third quarter. Stifel Financial Corp now owns 21,103 shares of the financial services provider's stock worth $3,851,000 after buying an additional 8,348 shares during the last quarter. MML Investors Services LLC acquired a new stake in FirstService in the third quarter valued at $262,000. Finally, Public Employees Retirement System of Ohio bought a new position in FirstService during the 3rd quarter valued at $1,238,000. Hedge funds and other institutional investors own 69.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FSV. StockNews.com lowered shares of FirstService from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Scotiabank cut their price objective on FirstService from $217.50 to $210.00 and set a "sector perform" rating on the stock in a research note on Thursday. Finally, Raymond James lifted 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. 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $203.33.

FirstService Stock Performance

Shares of NASDAQ:FSV traded down $0.59 during trading on Monday, hitting $171.44. 15,598 shares of the company traded hands, compared to its average volume of 154,551. 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 business's fifty day moving average is $170.08 and its 200-day moving average is $179.74. The stock has a market capitalization of $7.79 billion, a price-to-earnings ratio of 57.72 and a beta of 1.04. FirstService Co. has a one year low of $141.26 and a one year high of $197.84.

FirstService Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Monday, March 31st were paid a dividend of $0.275 per share. This is an increase from FirstService's previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Monday, March 31st. FirstService's dividend payout ratio is presently 37.04%.

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.