FirstService Co. (NASDAQ:FSV) Shares Acquired by Eos Management L.P.

Eos Management L.P. lifted its position in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 43.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,182 shares of the financial services provider's stock after buying an additional 4,004 shares during the quarter. FirstService makes up 1.0% of Eos Management L.P.'s holdings, making the stock its 21st largest holding. Eos Management L.P.'s holdings in FirstService were worth $2,386,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. lifted its position in FirstService by 486.3% during the third quarter. Franklin Resources Inc. now owns 469,141 shares of the financial services provider's stock valued at $87,308,000 after acquiring an additional 389,129 shares during the last quarter. CIBC Asset Management Inc increased its holdings in FirstService by 57.4% in the 4th quarter. CIBC Asset Management Inc now owns 457,735 shares of the financial services provider's stock worth $83,138,000 after buying an additional 166,996 shares during the period. Bank of Montreal Can raised its position in FirstService by 19.7% during the 3rd quarter. Bank of Montreal Can now owns 388,430 shares of the financial services provider's stock worth $69,992,000 after buying an additional 63,807 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in FirstService during the 4th quarter valued at approximately $48,541,000. Finally, Fiera Capital Corp boosted its holdings in shares of FirstService by 24.1% in the 4th quarter. Fiera Capital Corp now owns 258,848 shares of the financial services provider's stock valued at $46,839,000 after acquiring an additional 50,265 shares during the last quarter. Hedge funds and other institutional investors own 69.35% of the company's stock.

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FirstService Price Performance

NASDAQ FSV traded up $5.79 during trading hours on Friday, reaching $165.45. The company's stock had a trading volume of 226,147 shares, compared to its average volume of 138,299. The firm has a market capitalization of $7.52 billion, a price-to-earnings ratio of 55.71 and a beta of 1.12. FirstService Co. has a 1-year low of $141.26 and a 1-year high of $197.84. The company's 50-day moving average is $176.80 and its two-hundred day moving average is $182.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79.

FirstService Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Monday, March 31st will be paid a $0.275 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.10 dividend on an annualized basis and a yield of 0.66%. This is a boost from FirstService's previous quarterly dividend of $0.25. FirstService's dividend payout ratio (DPR) is currently 37.04%.

Wall Street Analysts Forecast Growth

FSV has been the subject of a number of research reports. Raymond James boosted their target price on shares of FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. StockNews.com downgraded FirstService from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, FirstService currently has an average rating of "Moderate Buy" and an average price target of $201.67.

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.