Entropy Technologies LP acquired a new position in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,600 shares of the financial services provider's stock, valued at approximately $657,000.
Other large investors have also bought and sold shares of the company. Blue Trust Inc. grew its position in shares of FirstService by 8,066.7% in the 2nd quarter. Blue Trust Inc. now owns 245 shares of the financial services provider's stock worth $41,000 after buying an additional 242 shares during the period. Benjamin Edwards Inc. grew its holdings in FirstService by 35.0% in the second quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider's stock worth $53,000 after purchasing an additional 91 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of 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 purchasing an additional 138 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of FirstService during the third quarter valued at approximately $66,000. Finally, First Horizon Advisors Inc. boosted its position in shares of FirstService by 40.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 488 shares of the financial services provider's stock worth $74,000 after purchasing an additional 141 shares in the last quarter. 69.35% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on FSV. Stifel Nicolaus lifted their price target on FirstService from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. Royal Bank of Canada boosted their target price on shares of FirstService from $187.00 to $192.00 and gave the company an "outperform" rating in a research report on Friday, July 26th. StockNews.com upgraded shares of FirstService from a "hold" rating to a "buy" rating in a research report on Friday, October 25th. 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 research report on Thursday, October 17th. Finally, Scotiabank lifted their target price on FirstService from $190.00 to $200.00 and gave the company a "sector perform" rating in a research 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 company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $198.33.
View Our Latest Report on FirstService
FirstService Price Performance
Shares of FirstService stock traded up $0.90 during trading hours on Friday, hitting $186.16. The company's stock had a trading volume of 171,380 shares, compared to its average volume of 83,224. The company has a market cap of $8.40 billion, a PE ratio of 77.57 and a beta of 1.05. 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 business has a 50 day moving average price of $183.74 and a two-hundred day moving average price of $167.87. FirstService Co. has a 12-month low of $141.26 and a 12-month high of $192.71.
FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.21. FirstService had a return on equity of 16.68% and a net margin of 2.19%. The company had revenue of $1.40 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same period in the previous year, the firm earned $1.18 EPS. The firm's revenue was up 25.0% compared to the same quarter last year. Analysts expect that FirstService Co. will post 4.58 earnings per share for the current fiscal year.
FirstService Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, September 30th. This represents a $1.00 annualized dividend and a yield of 0.54%. FirstService's payout ratio is 41.67%.
About FirstService
(
Free Report)
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.
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