FirstService Co. (NASDAQ:FSV) Position Increased by Canoe Financial LP

Canoe Financial LP boosted its holdings in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 1,451.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,018 shares of the financial services provider's stock after buying an additional 27,148 shares during the period. Canoe Financial LP owned 0.06% of FirstService worth $5,253,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FSV. Benjamin Edwards Inc. grew its stake in shares of FirstService by 35.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider's stock valued at $53,000 after buying an additional 91 shares during the period. HighTower Advisors LLC raised its holdings 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 worth $533,000 after purchasing an additional 98 shares during the period. Raymond James Trust N.A. lifted its stake 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 valued at $643,000 after purchasing an additional 110 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in FirstService by 49.6% during the second 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. Finally, Public Sector Pension Investment Board increased its position in shares of FirstService by 3.7% in the second quarter. Public Sector Pension Investment Board now owns 4,048 shares of the financial services provider's stock worth $616,000 after acquiring an additional 143 shares in the last quarter. 69.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FSV. Scotiabank upped their price target on shares of FirstService from $190.00 to $200.00 and gave the stock a "sector perform" rating in a research report on Tuesday, October 15th. StockNews.com raised FirstService from a "hold" rating to a "buy" rating in a research report on Friday, October 25th. Stifel Nicolaus increased their target price on FirstService from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Finally, TD Securities upped their price target on FirstService from $179.00 to $182.00 and gave the stock a "hold" rating in a report on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $198.33.

FirstService Stock Up 1.3 %

Shares of NASDAQ:FSV traded up $2.30 during trading on Friday, hitting $182.36. The company's stock had a trading volume of 65,852 shares, compared to its average volume of 83,129. FirstService Co. has a fifty-two week low of $141.26 and a fifty-two week high of $197.84. The stock's 50-day moving average price is $185.85 and its two-hundred day moving average price is $179.70. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market capitalization of $8.26 billion, a PE ratio of 75.98 and a beta of 1.06.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last released its earnings results on Thursday, October 24th. The financial services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.42 by $0.21. The company had revenue of $1.40 billion during the quarter, compared to analysts' expectations of $1.32 billion. FirstService had a return on equity of 16.68% and a net margin of 2.19%. The business's revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 EPS. As a group, sell-side analysts expect that FirstService Co. will post 4.64 EPS for the current year.

FirstService Announces Dividend

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

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.