Janus Henderson Group PLC raised its position in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 0.26% of FirstService worth $21,094,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of FSV. Argent Capital Management LLC grew its stake in shares of FirstService by 16.0% during the 4th quarter. Argent Capital Management LLC now owns 33,406 shares of the financial services provider's stock worth $6,047,000 after purchasing an additional 4,611 shares during the period. Avanza Fonder AB purchased a new stake in FirstService during the fourth quarter worth $453,000. Canoe Financial LP grew its position in FirstService by 1,451.8% during the fourth quarter. Canoe Financial LP now owns 29,018 shares of the financial services provider's stock valued at $5,253,000 after buying an additional 27,148 shares during the period. Trust Co. of Vermont purchased a new position in FirstService in the fourth quarter valued at $46,000. Finally, Blue Trust Inc. grew its position in shares of FirstService by 158.2% during the 4th quarter. Blue Trust Inc. now owns 728 shares of the financial services provider's stock valued at $133,000 after acquiring an additional 446 shares during the period. 69.35% of the stock is owned by institutional investors and hedge funds.
FirstService Stock Up 0.3%
Shares of FirstService stock traded up $0.47 during trading hours on Monday, reaching $176.10. 47,171 shares of the company were exchanged, compared to its average volume of 110,164. The firm has a market cap of $8.00 billion, a PE ratio of 59.29 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 Co. has a 1 year low of $141.26 and a 1 year high of $197.84. The stock's fifty day moving average is $169.95 and its 200 day moving average is $178.10.
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 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the previous year, the company earned $0.67 EPS. The company's revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities research analysts forecast that FirstService Co. will post 5.27 earnings per share for the current year.
FirstService Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Monday, June 30th will be given a $0.275 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.10 annualized dividend and a yield of 0.62%. FirstService's dividend payout ratio (DPR) is 38.06%.
Analyst Ratings Changes
Several equities research analysts have commented on FSV shares. Raymond James boosted 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. Scotiabank reduced their price objective 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. TD Securities increased their target price on shares of FirstService from $198.00 to $200.00 and gave the company a "hold" rating in a research report on Wednesday, May 7th. Finally, StockNews.com cut shares of FirstService from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $206.33.
Read Our Latest Analysis on FSV
About FirstService
(
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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