Hillsdale Investment Management Inc. Sells 15,407 Shares of FirstService Co. (NASDAQ:FSV)

Hillsdale Investment Management Inc. decreased its holdings in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 19.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,164 shares of the financial services provider's stock after selling 15,407 shares during the period. FirstService accounts for approximately 0.8% of Hillsdale Investment Management Inc.'s holdings, making the stock its 19th biggest holding. Hillsdale Investment Management Inc. owned 0.14% of FirstService worth $10,075,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FSV. Benjamin F. Edwards & Company Inc. bought a new stake in shares of FirstService in the 4th quarter worth about $39,000. Spire Wealth Management bought a new stake in FirstService in the fourth quarter worth about $40,000. Signaturefd LLC boosted its position in shares of FirstService by 28.5% during the third quarter. Signaturefd LLC now owns 500 shares of the financial services provider's stock valued at $73,000 after buying an additional 111 shares during the period. Duncker Streett & Co. Inc. grew its stake in shares of FirstService by 335.8% during the fourth quarter. Duncker Streett & Co. Inc. now owns 706 shares of the financial services provider's stock valued at $114,000 after buying an additional 544 shares during the last quarter. Finally, Metis Global Partners LLC purchased a new stake in shares of FirstService in the fourth quarter worth approximately $228,000. Hedge funds and other institutional investors own 69.35% of the company's stock.

FirstService Stock Performance

Shares of NASDAQ:FSV traded down $0.55 on Friday, hitting $148.62. 78,380 shares of the company were exchanged, compared to its average volume of 81,310. The firm has a market capitalization of $6.68 billion, a P/E ratio of 73.57 and a beta of 1.01. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.18. FirstService Co. has a 1-year low of $134.77 and a 1-year high of $171.94. The stock's 50 day moving average price is $156.91 and its 200 day moving average price is $159.40.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last released its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). The company had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.13 billion. FirstService had a return on equity of 16.42% and a net margin of 2.02%. Sell-side analysts predict that FirstService Co. will post 4.38 EPS for the current year.

FirstService Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 28th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.67%. FirstService's dividend payout ratio is presently 49.50%.

Analysts Set New Price Targets

FSV has been the topic of several research analyst reports. Scotiabank began coverage on FirstService in a research report on Thursday, April 11th. They issued a "sector perform" rating and a $170.00 price objective on the stock. StockNews.com lowered shares of FirstService from a "buy" rating to a "hold" rating in a report on Wednesday, February 7th. Raymond James boosted their price objective on shares of FirstService from $185.00 to $205.00 and gave the company an "outperform" rating in a research report on Friday, January 26th. BMO Capital Markets decreased their price target on shares of FirstService from $196.00 to $193.00 and set an "outperform" rating for the company in a research note on Wednesday, February 7th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $187.00 price objective on shares of FirstService in a research note on Wednesday, February 7th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $186.00.

FirstService 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.