EAM Global Investors LLC Purchases Shares of 14,427 FirstService Co. (NASDAQ:FSV)

EAM Global Investors LLC acquired a new stake in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,427 shares of the financial services provider's stock, valued at approximately $2,612,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Versant Capital Management Inc purchased a new position in FirstService in the fourth quarter valued at about $29,000. Trust Co. of Vermont acquired a new stake in shares of FirstService during the 4th quarter valued at about $46,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of FirstService during the third quarter worth about $53,000. Blue Trust Inc. grew its holdings in shares of FirstService by 158.2% during the fourth quarter. Blue Trust Inc. now owns 728 shares of the financial services provider's stock worth $133,000 after buying an additional 446 shares in the last quarter. Finally, Gitterman Wealth Management LLC acquired a new stake in shares of FirstService in the 4th quarter worth $201,000. 69.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FSV has been the subject of several analyst reports. StockNews.com cut shares of FirstService from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Scotiabank dropped their target price on FirstService from $217.50 to $210.00 and set a "sector perform" rating on the stock in a report on Thursday. Finally, Raymond James boosted their target price on FirstService from $215.00 to $225.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $203.33.

FirstService Trading Down 0.4 %

Shares of FSV stock traded down $0.69 on Monday, hitting $171.34. The stock had a trading volume of 41,976 shares, compared to its average volume of 108,325. FirstService Co. has a twelve month low of $141.26 and a twelve month high of $197.84. The company has a current ratio of 1.75, a quick ratio of 1.79 and a debt-to-equity ratio of 1.09. The firm has a market cap of $7.79 billion, a P/E ratio of 57.69 and a beta of 1.04. The company has a fifty day moving average price of $170.08 and a two-hundred day moving average price of $179.74.

FirstService Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Monday, March 31st were issued a dividend of $0.275 per share. This is an increase from FirstService's previous quarterly dividend of $0.25. The ex-dividend date was Monday, March 31st. This represents a $1.10 annualized dividend and a yield of 0.64%. FirstService's dividend payout ratio (DPR) is currently 37.04%.

FirstService 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.