Numerai GP LLC Buys 2,033 Shares of FirstService Co. (NASDAQ:FSV)

Numerai GP LLC raised its holdings in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 81.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 4,517 shares of the financial services provider's stock after acquiring an additional 2,033 shares during the period. Numerai GP LLC's holdings in FirstService were worth $818,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FSV. Berry Wealth Group LP grew its holdings in FirstService by 5.4% during the fourth quarter. Berry Wealth Group LP now owns 1,786 shares of the financial services provider's stock valued at $323,000 after purchasing an additional 91 shares during the period. Signaturefd LLC boosted its position in shares of FirstService by 7.5% during the fourth quarter. Signaturefd LLC now owns 1,363 shares of the financial services provider's stock worth $247,000 after purchasing an additional 95 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of FirstService by 0.5% in the 4th quarter. Stifel Financial Corp now owns 21,205 shares of the financial services provider's stock valued at $3,838,000 after buying an additional 102 shares during the period. Advisors Capital Management LLC raised its stake in FirstService by 1.0% during the 4th quarter. Advisors Capital Management LLC now owns 22,555 shares of the financial services provider's stock worth $4,083,000 after buying an additional 233 shares during the period. Finally, Trust Co. of Vermont bought a new position in FirstService during the fourth quarter worth about $46,000. Institutional investors own 69.35% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on FSV. StockNews.com downgraded FirstService from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Scotiabank decreased their price objective on FirstService from $217.50 to $210.00 and set a "sector perform" rating for the company in a research report on Thursday, April 17th. Raymond James raised their target price on shares of FirstService from $215.00 to $225.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Finally, TD Securities lifted their price target on shares of FirstService from $198.00 to $200.00 and gave the company a "hold" rating in a research note on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, FirstService currently has a consensus rating of "Moderate Buy" and a consensus target price of $206.33.

FirstService Stock Down 0.2%

Shares of NASDAQ:FSV traded down $0.30 during mid-day trading on Tuesday, reaching $175.80. 14,126 shares of the stock were exchanged, compared to its average volume of 109,789. FirstService Co. has a one year low of $141.26 and a one year high of $197.84. The company has a quick ratio of 1.79, a current ratio of 1.75 and a debt-to-equity ratio of 1.09. The stock's 50 day simple moving average is $170.19 and its 200-day simple moving average is $178.03. The company has a market cap of $7.99 billion, a P/E ratio of 59.19 and a beta of 1.04.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last announced its quarterly earnings data 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. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.28 billion. FirstService had a net margin of 2.58% and a return on equity of 17.15%. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 earnings per share. As a group, equities research analysts predict that FirstService Co. will post 5.27 EPS for the current year.

FirstService Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Monday, June 30th. FirstService's payout ratio is 38.06%.

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.