FirstService Co. (NASDAQ:FSV) Shares Acquired by Northern Trust Corp

Northern Trust Corp increased its holdings in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 41.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,496 shares of the financial services provider's stock after buying an additional 18,977 shares during the quarter. Northern Trust Corp owned about 0.14% of FirstService worth $11,675,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Trust Co. of Vermont acquired a new stake in shares of FirstService in the 4th quarter worth $46,000. Natixis increased its position in shares of FirstService by 5,511.1% during the 4th quarter. Natixis now owns 505 shares of the financial services provider's stock worth $91,000 after purchasing an additional 496 shares during the last quarter. Blue Trust Inc. grew its position in FirstService by 158.2% in 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 in the last quarter. Gitterman Wealth Management LLC acquired a new position in FirstService in the 4th quarter valued at about $201,000. Finally, Congress Asset Management Co. purchased a new position in shares of FirstService in the 4th quarter valued at about $232,000. Institutional investors and hedge funds own 69.35% of the company's stock.

FirstService Stock Down 0.4%

Shares of FSV stock traded down $0.68 during trading hours on Thursday, reaching $172.36. The company had a trading volume of 72,877 shares, compared to its average volume of 109,981. 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 twelve month low of $141.26 and a twelve month high of $197.84. The company has a market capitalization of $7.83 billion, a P/E ratio of 58.03 and a beta of 1.04. The stock's fifty day simple moving average is $170.75 and its 200 day simple moving average is $177.87.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.08. FirstService had a return on equity of 17.15% and a net margin of 2.58%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the firm earned $0.67 EPS. FirstService's quarterly revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts expect that FirstService Co. will post 5.27 earnings per share for the current fiscal year.

FirstService Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.275 per share. The ex-dividend date is Monday, June 30th. This represents a $1.10 dividend on an annualized basis and a yield of 0.64%. FirstService's dividend payout ratio (DPR) is presently 38.06%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wall Street Zen cut FirstService from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Raymond James upped their target price on FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Scotiabank lowered their target price on FirstService from $217.50 to $210.00 and set a "sector perform" rating on the stock in a report on Thursday, April 17th. Finally, TD Securities upped their target price on FirstService from $198.00 to $200.00 and gave the company a "hold" rating in a report on Wednesday, May 7th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $206.33.

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.