Charles Schwab Investment Management Inc. Sells 2,748 Shares of FirstService Co. (NASDAQ:FSV)

Charles Schwab Investment Management Inc. decreased its holdings in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 2.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,541 shares of the financial services provider's stock after selling 2,748 shares during the period. Charles Schwab Investment Management Inc. owned 0.20% of FirstService worth $16,561,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its stake in FirstService by 6.8% in the second quarter. The Manufacturers Life Insurance Company now owns 2,733,694 shares of the financial services provider's stock valued at $415,427,000 after purchasing an additional 174,970 shares in the last quarter. Conestoga Capital Advisors LLC increased its position in FirstService by 1.6% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,449,933 shares of the financial services provider's stock valued at $264,555,000 after buying an additional 23,082 shares in the last quarter. William Blair Investment Management LLC raised its stake in FirstService by 0.8% during the 2nd quarter. William Blair Investment Management LLC now owns 861,871 shares of the financial services provider's stock worth $131,323,000 after buying an additional 6,863 shares during the period. Renaissance Technologies LLC boosted its holdings in FirstService by 3.4% in the second quarter. Renaissance Technologies LLC now owns 643,388 shares of the financial services provider's stock worth $98,033,000 after acquiring an additional 21,100 shares in the last quarter. Finally, Baskin Financial Services Inc. grew its stake in FirstService by 0.3% in the third quarter. Baskin Financial Services Inc. now owns 250,491 shares of the financial services provider's stock valued at $45,737,000 after acquiring an additional 636 shares during the period. Institutional investors and hedge funds own 69.35% of the company's stock.

FirstService Stock Down 1.1 %

Shares of FSV stock traded down $2.21 on Friday, hitting $192.05. The stock had a trading volume of 65,737 shares, compared to its average volume of 88,787. FirstService Co. has a 12-month low of $141.26 and a 12-month high of $197.84. The stock has a market cap of $8.69 billion, a price-to-earnings ratio of 80.02 and a beta of 1.04. The business has a 50 day moving average of $187.41 and a 200 day moving average of $172.94. 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 (NASDAQ:FSV - Get Free Report) TSE: FSV last posted its quarterly earnings data 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 firm had revenue of $1.40 billion during 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 for the quarter was up 25.0% on a year-over-year basis. During the same quarter last year, the business posted $1.18 EPS. As a group, analysts expect that FirstService Co. will post 4.58 EPS for the current year.

FirstService Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 0.52%. FirstService's dividend payout ratio (DPR) is presently 41.67%.

Wall Street Analyst Weigh In

FSV has been the topic of a number of research reports. Stifel Nicolaus upped their target price on FirstService from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. TD Securities raised their price objective on shares of FirstService from $179.00 to $182.00 and gave the company a "hold" rating in a research note on Thursday, October 17th. StockNews.com upgraded shares of FirstService from a "hold" rating to a "buy" rating in a report on Friday, October 25th. Finally, Scotiabank upped their target price on shares of FirstService from $190.00 to $200.00 and gave the stock a "sector perform" rating in a report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.