FirstService (TSE:FSV) Stock: Insider Frederick Reichheld Sells 5,859 Shares

Key Points

• Director Frederick Reichheld sold 5,859 FirstService shares at an average C$213.77, worth about C$1.25 million, reducing his position by 16.28%; he retained 30,141 shares.
• FirstService shares rose 2.4% to C$221.25 in Monday trading. The company reported quarterly EPS of C$2.69 and revenue of C$2.18 billion.
• Analysts maintain a consensus Buy rating, with an average price target of C$200.67; TD and Raymond James recently lowered their targets.

FirstService Co. (TSE:FSV - Get Free Report) NASDAQ: FSV Director Frederick Reichheld sold 5,859 shares of the stock in a transaction on Friday, November 6th. The stock was sold at an average price of C$213.77, for a total value of C$1,252,478.43. Following the completion of the sale, the director owned 30,141 shares in the company, valued at C$6,443,241.57. This trade represents a 16.28% decrease in their position.

Frederick Reichheld also recently made the following trade(s):

• On Friday, November 6th, Frederick Reichheld sold 100 shares of FirstService stock. The stock was sold at an average price of C$213.79, for a total transaction of C$21,379.00.
• On Friday, November 6th, Frederick Reichheld sold 41 shares of FirstService stock. The stock was sold at an average price of C$213.86, for a total transaction of C$8,768.26.

FirstService Trading Up 2.4%

FirstService stock traded up C$5.17 during mid-day trading on Monday, hitting C$221.25. The company's stock had a trading volume of 67,867 shares, compared to its average volume of 152,391. The company has a debt-to-equity ratio of 198.75, a current ratio of 1.69 and a quick ratio of 1.25. The stock has a market cap of C$9.66 billion, a price-to-earnings ratio of 67.87, a price-to-earnings-growth ratio of 107.75 and a beta of 0.94. The business has a 50 day moving average price of C$191.87 and a 200-day moving average price of C$197.37. FirstService Co. has a 12 month low of C$169.60 and a 12 month high of C$227.94.

FirstService (TSE:FSV - Get Free Report) NASDAQ: FSV last announced its quarterly earnings results on Thursday, October 22nd. The company reported C$2.69 earnings per share (EPS) for the quarter. FirstService had a net margin of 2.60% and a return on equity of 11.83%. The business had revenue of C$2.18 billion for the quarter. As a group, analysts forecast that FirstService Co. will post 7.52 EPS for the current year.

Wall Street Analyst Weigh In

FSV has been the subject of several recent analyst reports. TD lowered their price target on FirstService from C$207.00 to C$195.00 and set a "buy" rating for the company in a research report on Friday, July 24th. Raymond James Financial decreased their target price on shares of FirstService from C$215.00 to C$190.00 and set an "outperform" rating for the company in a report on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of C$200.67.

About FirstService

FirstService Residential is simplifying property management. Its hospitality-minded teams serve residential communities across the United States and Canada. The organization partners with boards, owners, and developers to enhance the value of every property and the life of every resident. Leveraging unique expertise and scale, FirstService serves its clients with proven solutions and a service-first philosophy. Residents can count on 24/7 customer care and tailored lifestyle programming, amenity activation, and technology for their community's specific needs.

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