Janus Henderson Group PLC Increases Position in FirstService Co. (NASDAQ:FSV)

Janus Henderson Group PLC grew its stake in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,529 shares of the financial services provider's stock after purchasing an additional 6,973 shares during the quarter. Janus Henderson Group PLC owned approximately 0.26% of FirstService worth $21,094,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FSV. Berry Wealth Group LP grew its position in shares of FirstService by 5.4% in the fourth quarter. Berry Wealth Group LP now owns 1,786 shares of the financial services provider's stock valued at $323,000 after purchasing an additional 91 shares in the last quarter. Signaturefd LLC raised its stake in shares of FirstService by 7.5% during the fourth quarter. Signaturefd LLC now owns 1,363 shares of the financial services provider's stock worth $247,000 after acquiring an additional 95 shares in the last quarter. Stifel Financial Corp boosted its holdings in FirstService by 0.5% during the 4th quarter. Stifel Financial Corp now owns 21,205 shares of the financial services provider's stock valued at $3,838,000 after acquiring an additional 102 shares during the period. Advisors Capital Management LLC boosted its holdings in FirstService by 1.0% during the 4th quarter. Advisors Capital Management LLC now owns 22,555 shares of the financial services provider's stock valued at $4,083,000 after acquiring an additional 233 shares during the period. Finally, Trust Co. of Vermont purchased a new stake in FirstService during the 4th quarter valued at about $46,000. Institutional investors own 69.35% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on FSV shares. TD Securities increased their target price on FirstService from $198.00 to $200.00 and gave the company a "hold" rating in a report on Wednesday, May 7th. StockNews.com lowered FirstService from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Raymond James upped their price target on FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Finally, Scotiabank lowered their price target on FirstService from $217.50 to $210.00 and set a "sector perform" rating for the company in a research report on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $206.33.

FirstService Trading Down 0.6%

Shares of NASDAQ:FSV traded down $1.11 during trading hours on Wednesday, hitting $175.23. 16,029 shares of the company's stock traded hands, compared to its average volume of 109,916. FirstService Co. has a 1 year low of $141.26 and a 1 year high of $197.84. The business has a fifty day moving average price of $170.52 and a 200-day moving average price of $178.01. The firm has a market capitalization of $7.96 billion, a P/E ratio of 59.05 and a beta of 1.04. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last posted its quarterly earnings results 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 net margin of 2.58% and a return on equity of 17.15%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The company's revenue was up 8.0% on a year-over-year basis. Equities analysts expect that FirstService Co. will post 5.27 earnings per share for the current year.

FirstService Dividend Announcement

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