Argent Capital Management LLC Buys 4,611 Shares of FirstService Co. (NASDAQ:FSV)

Argent Capital Management LLC raised its holdings in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 16.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,406 shares of the financial services provider's stock after acquiring an additional 4,611 shares during the quarter. Argent Capital Management LLC owned approximately 0.07% of FirstService worth $6,047,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of FSV. JCIC Asset Management Inc. acquired a new stake in shares of FirstService during the 4th quarter valued at about $3,999,000. Harbor Capital Advisors Inc. lifted its holdings in shares of FirstService by 253.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 19,351 shares of the financial services provider's stock valued at $3,503,000 after buying an additional 13,876 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of FirstService during the 4th quarter valued at about $29,000. JPMorgan Chase & Co. lifted its holdings in shares of FirstService by 5.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 200,776 shares of the financial services provider's stock valued at $36,634,000 after buying an additional 10,191 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of FirstService by 486.3% during the 3rd quarter. Franklin Resources Inc. now owns 469,141 shares of the financial services provider's stock valued at $87,308,000 after buying an additional 389,129 shares during the last quarter. Hedge funds and other institutional investors own 69.35% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FSV shares. TD Securities boosted their target price on FirstService from $179.00 to $182.00 and gave the stock a "hold" rating in a report on Thursday, October 17th. StockNews.com raised FirstService from a "hold" rating to a "buy" rating in a research report on Friday, October 25th. Stifel Nicolaus lifted their price target on FirstService from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. Finally, Scotiabank lifted their price target on FirstService from $190.00 to $200.00 and gave the stock a "sector perform" rating in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $198.33.

FirstService Stock Performance

Shares of FSV traded up $0.35 on Thursday, reaching $180.06. 94,330 shares of the stock traded hands, compared to its average volume of 113,918. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of 75.03 and a beta of 1.06. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.79 and a quick ratio of 1.79. FirstService Co. has a 12 month low of $141.26 and a 12 month high of $197.84. The stock's 50-day moving average price is $186.12 and its 200-day moving average price is $179.31.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.21. FirstService had a return on equity of 16.68% and a net margin of 2.19%. The firm had revenue of $1.40 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same period in the prior year, the business posted $1.18 earnings per share. The business's revenue was up 25.0% compared to the same quarter last year. Equities analysts forecast that FirstService Co. will post 4.64 EPS for the current fiscal year.

FirstService Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 31st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Tuesday, December 31st. FirstService's dividend payout ratio (DPR) is 41.67%.

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.