5,749 Shares in FirstService Co. (NASDAQ:FSV) Purchased by EAM Investors LLC

EAM Investors LLC acquired a new stake in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 5,749 shares of the financial services provider's stock, valued at approximately $1,041,000.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new position in shares of FirstService during the fourth quarter valued at approximately $29,000. Trust Co. of Vermont purchased a new position in FirstService during the fourth quarter valued at $46,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of FirstService in the third quarter worth $53,000. Blue Trust Inc. grew its stake in shares of FirstService by 158.2% in the fourth quarter. Blue Trust Inc. now owns 728 shares of the financial services provider's stock worth $133,000 after acquiring an additional 446 shares during the last quarter. Finally, Gitterman Wealth Management LLC purchased a new position in shares of FirstService in the 4th quarter worth about $201,000. 69.35% of the stock is currently owned by institutional investors.

FirstService Stock Performance

Shares of FirstService stock traded up $1.48 during trading hours on Tuesday, reaching $172.28. 29,074 shares of the stock traded hands, compared to its average volume of 108,382. The company has a 50 day moving average price of $170.05 and a 200 day moving average price of $179.70. 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 firm has a market capitalization of $7.83 billion, a price-to-earnings ratio of 58.03 and a beta of 1.04. FirstService Co. has a one year low of $141.26 and a one year high of $197.84.

FirstService Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Monday, March 31st were given a $0.275 dividend. This is a boost from FirstService's previous quarterly dividend of $0.25. The ex-dividend date was Monday, March 31st. This represents a $1.10 dividend on an annualized basis and a yield of 0.64%. FirstService's dividend payout ratio is presently 37.04%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Scotiabank reduced their price objective on shares of FirstService from $217.50 to $210.00 and set a "sector perform" rating for the company in a research note on Thursday, April 17th. Raymond James increased their target price on FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Finally, StockNews.com cut FirstService from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, FirstService presently has a consensus rating of "Moderate Buy" and a consensus target price of $203.33.

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.