FirstService Co. (NASDAQ:FSV) Shares Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd increased its holdings in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 411.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,621 shares of the financial services provider's stock after purchasing an additional 6,131 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in FirstService were worth $1,235,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Mackenzie Financial Corp lifted its holdings in shares of FirstService by 0.7% in the 4th quarter. Mackenzie Financial Corp now owns 2,381,128 shares of the financial services provider's stock worth $385,917,000 after purchasing an additional 16,362 shares during the last quarter. Vanguard Group Inc. raised its holdings in FirstService by 1.9% during the third 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 in the last quarter. Conestoga Capital Advisors LLC raised its holdings in FirstService by 0.3% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,367,133 shares of the financial services provider's stock valued at $221,599,000 after buying an additional 4,431 shares in the last quarter. Royal Bank of Canada increased its stake in shares of FirstService by 8.2% in the third quarter. Royal Bank of Canada now owns 699,088 shares of the financial services provider's stock worth $101,744,000 after purchasing an additional 53,041 shares during the period. Finally, Norges Bank bought a new position in FirstService during the fourth quarter valued at about $82,488,000. Hedge funds and other institutional investors own 69.35% of the company's stock.

FirstService Stock Down 1.3 %

Shares of NASDAQ:FSV traded down $2.01 during trading on Tuesday, reaching $147.54. The stock had a trading volume of 73,188 shares, compared to its average volume of 77,543. The company has a market capitalization of $6.63 billion, a P/E ratio of 73.04 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. The firm's 50-day simple moving average is $156.22 and its 200 day simple moving average is $159.43. FirstService Co. has a one year low of $134.77 and a one year high of $171.94.

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

FirstService Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.68%. FirstService's dividend payout ratio is presently 49.51%.

Analysts Set New Price Targets

Several research firms have weighed in on FSV. Royal Bank of Canada reissued an "outperform" rating and issued a $187.00 price target on shares of FirstService in a report on Wednesday, February 7th. BMO Capital Markets reduced their price objective on shares of FirstService from $196.00 to $193.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 7th. TheStreet lowered shares of FirstService from a "b-" rating to a "c" rating in a report on Tuesday, February 6th. Raymond James upped their price objective on shares of FirstService from $185.00 to $205.00 and gave the stock an "outperform" rating in a research report on Friday, January 26th. Finally, StockNews.com downgraded shares of FirstService from a "buy" rating to a "hold" rating in a report on Wednesday, February 7th. Two 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 data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.