Truist Financial Corp Sells 9,221 Shares of FirstService Co. (NASDAQ:FSV)

Truist Financial Corp lessened its holdings in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 26.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,527 shares of the financial services provider's stock after selling 9,221 shares during the quarter. Truist Financial Corp owned 0.06% of FirstService worth $4,138,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Prime Capital Investment Advisors LLC bought a new stake in shares of FirstService in the 4th quarter worth approximately $2,868,000. Raymond James & Associates lifted its holdings in shares of FirstService by 6.2% in the 4th 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 last quarter. Vanguard Group Inc. lifted its holdings in shares of FirstService by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,582,337 shares of the financial services provider's stock worth $230,293,000 after purchasing an additional 29,482 shares during the last quarter. Bank of Nova Scotia lifted its holdings in shares of FirstService by 4.0% in the 3rd quarter. Bank of Nova Scotia now owns 349,586 shares of the financial services provider's stock worth $50,848,000 after purchasing an additional 13,320 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of FirstService by 7.8% in the 3rd quarter. American Century Companies Inc. now owns 462,391 shares of the financial services provider's stock worth $67,267,000 after purchasing an additional 33,438 shares during the last quarter. Institutional investors and hedge funds own 69.35% of the company's stock.

FirstService Stock Up 0.1 %

Shares of NASDAQ:FSV traded up $0.19 on Tuesday, reaching $150.78. The company had a trading volume of 145,051 shares, compared to its average volume of 79,132. FirstService Co. has a twelve month low of $134.77 and a twelve month high of $171.94. The stock has a 50-day moving average price of $159.66 and a 200 day moving average price of $158.77. The stock has a market capitalization of $6.78 billion, a P/E ratio of 74.55 and a beta of 1.01. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.18.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last issued its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). FirstService had a net margin of 2.02% and a return on equity of 16.42%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. On average, equities analysts expect that FirstService Co. will post 4.38 EPS for the current year.

Analyst Upgrades and Downgrades

FSV has been the topic of several recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $187.00 target price on shares of FirstService in a research note on Wednesday, February 7th. Raymond James lifted their target price on FirstService from $185.00 to $205.00 and gave the company an "outperform" rating in a research note on Friday, January 26th. StockNews.com downgraded FirstService from a "buy" rating to a "hold" rating in a research note on Wednesday, February 7th. BMO Capital Markets dropped their price objective on FirstService from $196.00 to $193.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 7th. Finally, TheStreet downgraded FirstService from a "b-" rating to a "c" rating in a research note on Tuesday, February 6th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, FirstService presently has a consensus rating of "Moderate Buy" and an average target price of $186.00.

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.