Granahan Investment Management LLC purchased a new stake in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,241 shares of the financial services provider's stock, valued at approximately $1,130,000.
Several other large investors have also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new position in shares of FirstService during the third quarter worth approximately $53,000. Harbor Capital Advisors Inc. lifted its stake in shares of FirstService by 253.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 19,351 shares of the financial services provider's stock valued at $3,503,000 after purchasing an additional 13,876 shares during the period. JCIC Asset Management Inc. acquired a new position in shares of FirstService in the 4th quarter valued at about $3,999,000. Argent Capital Management LLC lifted its stake in shares of FirstService by 16.0% in the 4th quarter. Argent Capital Management LLC now owns 33,406 shares of the financial services provider's stock valued at $6,047,000 after purchasing an additional 4,611 shares during the period. Finally, Avanza Fonder AB acquired a new position in shares of FirstService in the 4th quarter valued at about $453,000. 69.35% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the company. Scotiabank dropped their price target on FirstService from $217.50 to $210.00 and set a "sector perform" rating on the stock in a research note on Thursday, April 17th. TD Securities increased their price objective on FirstService from $198.00 to $200.00 and gave the stock a "hold" rating in a research note on Wednesday, May 7th. StockNews.com downgraded FirstService from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Finally, Raymond James increased their price objective on FirstService from $215.00 to $225.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $206.33.
Check Out Our Latest Report on FirstService
FirstService Stock Performance
NASDAQ FSV traded down $3.44 on Wednesday, hitting $171.71. 126,752 shares of the stock traded hands, compared to its average volume of 110,041. The business's fifty day moving average is $169.55 and its two-hundred day moving average is $178.41. FirstService Co. has a 12 month low of $141.26 and a 12 month high of $197.84. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of 57.81 and a beta of 1.04. 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 announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.92 earnings per share 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 period in the prior year, the company earned $0.67 earnings per share. FirstService's revenue was up 8.0% compared to the same quarter last year. As a group, equities 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. Shareholders of record on Monday, June 30th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 0.64%. The ex-dividend date is Monday, June 30th. FirstService's dividend payout ratio (DPR) is 38.06%.
FirstService Company Profile
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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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