FirstService Co. (NASDAQ:FSV) Shares Acquired by Numerai GP LLC

Numerai GP LLC boosted its holdings in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 81.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,517 shares of the financial services provider's stock after purchasing an additional 2,033 shares during the quarter. Numerai GP LLC's holdings in FirstService were worth $818,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FSV. Millennium Management LLC raised its holdings in shares of FirstService by 130.6% in the fourth quarter. Millennium Management LLC now owns 27,090 shares of the financial services provider's stock worth $4,904,000 after buying an additional 15,343 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of FirstService during the fourth quarter valued at $654,000. Janus Henderson Group PLC boosted its stake in shares of FirstService by 6.4% during the fourth quarter. Janus Henderson Group PLC now owns 116,529 shares of the financial services provider's stock valued at $21,094,000 after purchasing an additional 6,973 shares during the period. Granahan Investment Management LLC bought a new position in shares of FirstService in the fourth quarter worth about $1,130,000. Finally, Ewing Morris & Co. Investment Partners Ltd. purchased a new position in FirstService in the 4th quarter worth about $1,717,000. 69.35% of the stock is owned by hedge funds and other institutional investors.

FirstService Stock Up 0.2%

Shares of FSV traded up $0.40 during trading hours on Monday, hitting $176.03. The company had a trading volume of 40,208 shares, compared to its average volume of 110,164. The company has a current ratio of 1.75, a quick ratio of 1.79 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $8.00 billion, a PE ratio of 59.27 and a beta of 1.04. FirstService Co. has a one year low of $141.26 and a one year high of $197.84. The company's fifty day moving average price is $169.95 and its two-hundred day moving average price is $178.10.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.08. FirstService had a net margin of 2.58% and a return on equity of 17.15%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the company posted $0.67 earnings per share. The firm's revenue was up 8.0% on a year-over-year basis. As a group, equities analysts forecast that FirstService Co. will post 5.27 earnings per share for the current fiscal year.

FirstService Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Monday, June 30th will be paid a $0.275 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.10 annualized dividend and a yield of 0.62%. FirstService's dividend payout ratio (DPR) is 38.06%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. StockNews.com downgraded shares of FirstService from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Raymond James increased their price objective on FirstService from $215.00 to $225.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. TD Securities lifted their target price on FirstService from $198.00 to $200.00 and gave the company a "hold" rating in a research report on Wednesday, May 7th. Finally, Scotiabank dropped their price target on FirstService from $217.50 to $210.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 17th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, FirstService presently has a consensus rating of "Moderate Buy" and a consensus target price of $206.33.

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.