American Century Companies Inc. grew its stake in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 36.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 543,163 shares of the financial services provider's stock after buying an additional 144,234 shares during the period. American Century Companies Inc. owned 1.20% of FirstService worth $98,380,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FSV. Versant Capital Management Inc acquired a new position in shares of FirstService in the 4th quarter valued at $29,000. Trust Co. of Vermont bought a new position in FirstService during the 4th quarter worth approximately $46,000. Wilmington Savings Fund Society FSB bought a new stake in shares of FirstService during the 3rd quarter valued at about $53,000. Blue Trust Inc. grew its stake in FirstService by 158.2% during the 4th quarter. Blue Trust Inc. now owns 728 shares of the financial services provider's stock worth $133,000 after buying an additional 446 shares during the last quarter. Finally, Gitterman Wealth Management LLC acquired a new stake in shares of FirstService in the fourth quarter valued at approximately $201,000. Hedge funds and other institutional investors own 69.35% of the company's stock.
Analyst Ratings Changes
Several analysts have recently weighed in on the company. StockNews.com lowered FirstService from a "buy" rating to a "hold" rating in a report on Thursday. Raymond James lifted 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. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, FirstService presently has an average rating of "Moderate Buy" and a consensus target price of $201.67.
View Our Latest Stock Analysis on FirstService
FirstService Stock Performance
FSV stock traded down $2.86 during mid-day trading on Friday, reaching $166.05. 168,178 shares of the stock traded hands, compared to its average volume of 102,204. The firm has a market capitalization of $7.55 billion, a PE ratio of 55.91 and a beta of 1.12. The business has a 50-day moving average of $174.82 and a two-hundred day moving average of $181.38. The company has a quick ratio of 1.79, a current ratio of 1.75 and a debt-to-equity ratio of 1.09. FirstService Co. has a 52 week low of $141.26 and a 52 week high of $197.84.
FirstService Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Monday, March 31st will be paid a $0.275 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.10 dividend on an annualized basis and a yield of 0.66%. This is a boost from FirstService's previous quarterly dividend of $0.25. FirstService's payout ratio is presently 37.04%.
About FirstService
(
Free Report)
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.
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