Prime Capital Investment Advisors LLC Invests $2.87 Million in FirstService Co. (NASDAQ:FSV)

Prime Capital Investment Advisors LLC purchased a new stake in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 17,692 shares of the financial services provider's stock, valued at approximately $2,868,000.

Several other hedge funds have also added to or reduced their stakes in FSV. Fenimore Asset Management Inc. boosted its holdings in FirstService by 0.6% during the fourth quarter. Fenimore Asset Management Inc. now owns 93,641 shares of the financial services provider's stock worth $15,178,000 after buying an additional 550 shares during the last quarter. Raymond James & Associates raised its position in shares of FirstService by 6.2% during the fourth quarter. Raymond James & Associates now owns 118,713 shares of the financial services provider's stock worth $19,242,000 after purchasing an additional 6,895 shares during the period. First Bank & Trust raised its position in shares of FirstService by 13.6% during the fourth quarter. First Bank & Trust now owns 1,733 shares of the financial services provider's stock worth $281,000 after purchasing an additional 207 shares during the period. Dfpg Investments LLC raised its position in shares of FirstService by 11.3% during the fourth quarter. Dfpg Investments LLC now owns 2,843 shares of the financial services provider's stock worth $449,000 after purchasing an additional 288 shares during the period. Finally, Vanguard Group Inc. raised its position in FirstService by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,582,337 shares of the financial services provider's stock valued at $230,293,000 after buying an additional 29,482 shares during the last quarter. Institutional investors own 69.35% of the company's stock.

FirstService Stock Performance

FSV traded down $2.17 during trading on Monday, hitting $156.67. The stock had a trading volume of 50,113 shares, compared to its average volume of 77,588. The company has a 50 day moving average price of $165.56 and a 200-day moving average price of $157.81. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of 69.94 and a beta of 0.97. FirstService Co. has a one year low of $134.77 and a one year high of $171.94. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.82 and a quick ratio of 1.82.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last released its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.04). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. FirstService had a net margin of 2.32% and a return on equity of 17.56%. As a group, research analysts predict that FirstService Co. will post 4.69 EPS for the current year.

FirstService Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 29th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from FirstService's previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 0.64%. FirstService's payout ratio is currently 44.64%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FSV. StockNews.com lowered FirstService from a "buy" rating to a "hold" rating in a research report on Wednesday, February 7th. BMO Capital Markets dropped their target price on FirstService from $196.00 to $193.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 7th. Scotiabank lifted their target price on FirstService from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research report on Wednesday, February 7th. Royal Bank of Canada reissued an "outperform" rating and issued a $187.00 target price on shares of FirstService in a research report on Wednesday, February 7th. Finally, TheStreet downgraded FirstService from a "b-" rating to a "c" rating in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $177.29.

About FirstService

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.