2,500 Shares in FirstService Co. (NASDAQ:FSV) Purchased by Avanza Fonder AB

Avanza Fonder AB bought a new stake in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 2,500 shares of the financial services provider's stock, valued at approximately $453,000.

A number of other large investors also recently made changes to their positions in FSV. Versant Capital Management Inc bought a new position in FirstService during the 4th quarter worth approximately $29,000. Wilmington Savings Fund Society FSB acquired a new stake in FirstService in the third quarter worth $53,000. Benjamin Edwards Inc. boosted its position in shares of FirstService by 35.0% during the second quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider's stock worth $53,000 after purchasing an additional 91 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of FirstService in the 3rd quarter valued at $66,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of FirstService by 49.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 416 shares of the financial services provider's stock valued at $63,000 after buying an additional 138 shares in the last quarter. Institutional investors and hedge funds own 69.35% of the company's stock.

FirstService Stock Up 1.3 %

Shares of FSV traded up $2.30 during mid-day trading on Monday, hitting $182.36. 65,852 shares of the company's stock were exchanged, compared to its average volume of 83,129. The company has a 50-day simple moving average of $185.85 and a 200 day simple moving average of $179.87. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market cap of $8.26 billion, a PE ratio of 75.98 and a beta of 1.06. FirstService Co. has a 52 week low of $141.26 and a 52 week high of $197.84.

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

FirstService Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 31st were issued a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. FirstService's payout ratio is 41.67%.

Wall Street Analyst Weigh In

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

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.