FirstService Co. (NASDAQ:FSV) Shares Purchased by Boston Financial Mangement LLC

Boston Financial Mangement LLC lifted its stake in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 251,439 shares of the financial services provider's stock after purchasing an additional 4,766 shares during the quarter. FirstService comprises about 1.4% of Boston Financial Mangement LLC's holdings, making the stock its 16th largest holding. Boston Financial Mangement LLC owned 0.56% of FirstService worth $45,516,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FSV. Berry Wealth Group LP lifted its position in FirstService by 5.4% in the fourth quarter. Berry Wealth Group LP now owns 1,786 shares of the financial services provider's stock valued at $323,000 after buying an additional 91 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of FirstService by 3.5% in the 3rd quarter. HighTower Advisors LLC now owns 2,932 shares of the financial services provider's stock valued at $533,000 after acquiring an additional 98 shares during the period. Raymond James Trust N.A. lifted its holdings in shares of FirstService by 3.2% in the 3rd quarter. Raymond James Trust N.A. now owns 3,523 shares of the financial services provider's stock worth $643,000 after acquiring an additional 110 shares during the last quarter. Versant Capital Management Inc acquired a new position in shares of FirstService in the 4th quarter worth approximately $29,000. Finally, Trust Co. of Vermont purchased a new position in shares of FirstService during the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 69.35% of the company's stock.

FirstService Stock Down 0.2 %

Shares of FSV stock traded down $0.31 during trading on Monday, reaching $174.31. The company's stock had a trading volume of 70,448 shares, compared to its average volume of 127,575. FirstService Co. has a 1-year low of $141.26 and a 1-year high of $197.84. The stock's 50-day moving average price is $179.94 and its 200 day moving average price is $182.23. The company has a market capitalization of $7.90 billion, a price-to-earnings ratio of 58.65 and a beta of 1.06. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79.

FirstService Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, March 31st will be issued a $0.275 dividend. The ex-dividend date is Monday, March 31st. This is a positive change from FirstService's previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 0.63%. FirstService's dividend payout ratio (DPR) is 37.04%.

Analysts Set New Price Targets

Separately, Raymond James upped their price target on FirstService from $215.00 to $225.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, FirstService presently has a consensus rating of "Moderate Buy" and a consensus target price of $201.67.

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.