Copeland Capital Management LLC Sells 8,007 Shares of FirstService Co. (NASDAQ:FSV)

Copeland Capital Management LLC reduced its position in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 357,023 shares of the financial services provider's stock after selling 8,007 shares during the period. FirstService accounts for approximately 1.2% of Copeland Capital Management LLC's portfolio, making the stock its 29th largest position. Copeland Capital Management LLC owned 0.79% of FirstService worth $64,628,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Sei Investments Co. increased its position in FirstService by 160.3% during the 2nd quarter. Sei Investments Co. now owns 6,181 shares of the financial services provider's stock valued at $942,000 after purchasing an additional 3,806 shares during the period. Truist Financial Corp grew its stake in FirstService by 1.0% in the second quarter. Truist Financial Corp now owns 24,022 shares of the financial services provider's stock worth $3,660,000 after purchasing an additional 230 shares during the period. Sanctuary Advisors LLC bought a new position in FirstService in the second quarter worth $216,000. Cubist Systematic Strategies LLC increased its stake in shares of FirstService by 33.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 17,253 shares of the financial services provider's stock worth $2,628,000 after acquiring an additional 4,318 shares in the last quarter. Finally, Creative Planning boosted its stake in FirstService by 105.1% in the 3rd quarter. Creative Planning now owns 9,273 shares of the financial services provider's stock worth $1,692,000 after purchasing an additional 4,752 shares in the last quarter. 69.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FSV. Raymond James boosted their price objective on shares of FirstService from $215.00 to $225.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. TD Securities boosted their price objective on shares of FirstService from $179.00 to $182.00 and gave the company a "hold" rating in a report 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. Scotiabank raised their price target on FirstService from $190.00 to $200.00 and gave the stock a "sector perform" rating in a research note on Tuesday, October 15th. Finally, Stifel Nicolaus raised their price objective on shares of FirstService from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Two research 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, FirstService presently has an average rating of "Moderate Buy" and a consensus price target of $201.67.

FirstService Price Performance

Shares of FSV traded down $7.78 during mid-day trading on Wednesday, reaching $173.87. The stock had a trading volume of 148,880 shares, compared to its average volume of 122,200. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 72.48 and a beta of 1.06. FirstService Co. has a 12 month low of $141.26 and a 12 month high of $197.84. The business has a fifty day moving average of $184.60 and a 200 day moving average of $181.91. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.79 and a current ratio of 1.79.

FirstService Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, March 31st will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 0.63%. This is a boost from FirstService's previous quarterly dividend of $0.25. FirstService's dividend payout ratio (DPR) 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.