Envestnet Asset Management Inc. Has $30.25 Million Stock Holdings in FirstService Co. (NASDAQ:FSV)

Envestnet Asset Management Inc. decreased its position in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 16.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 167,099 shares of the financial services provider's stock after selling 31,942 shares during the quarter. Envestnet Asset Management Inc. owned about 0.37% of FirstService worth $30,248,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new position in FirstService in the 4th quarter valued at $29,000. Trust Co. of Vermont acquired a new stake in shares of FirstService in the fourth quarter valued at about $46,000. Wilmington Savings Fund Society FSB bought a new position in shares of FirstService in the third quarter worth about $53,000. Blue Trust Inc. lifted its position in shares of FirstService by 158.2% during the 4th quarter. Blue Trust Inc. now owns 728 shares of the financial services provider's stock worth $133,000 after purchasing an additional 446 shares during the last quarter. Finally, Gitterman Wealth Management LLC acquired a new stake in FirstService in the 4th quarter valued at approximately $201,000. Institutional investors and hedge funds own 69.35% of the company's stock.

FirstService Price Performance

Shares of NASDAQ FSV traded up $0.08 during midday trading on Friday, reaching $172.03. 97,818 shares of the company traded hands, compared to its average volume of 108,314. The stock's 50-day simple moving average is $170.12 and its 200-day simple moving average is $179.81. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75. FirstService Co. has a 12 month low of $141.26 and a 12 month high of $197.84. The firm has a market cap of $7.82 billion, a PE ratio of 57.92 and a beta of 1.04.

FirstService Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FSV shares. StockNews.com cut FirstService from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Scotiabank dropped their price objective on shares of FirstService from $217.50 to $210.00 and set a "sector perform" rating on the stock in a report on Thursday. Finally, Raymond James increased their target price on shares of FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $203.33.

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.