Fiera Capital Corp Purchases 50,265 Shares of FirstService Co. (NASDAQ:FSV)

Fiera Capital Corp raised its stake in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 24.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 258,848 shares of the financial services provider's stock after acquiring an additional 50,265 shares during the quarter. Fiera Capital Corp owned about 0.57% of FirstService worth $46,839,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Conestoga Capital Advisors LLC boosted its stake in shares of FirstService by 1.6% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,449,933 shares of the financial services provider's stock valued at $264,555,000 after purchasing an additional 23,082 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of FirstService by 486.3% in the 3rd quarter. Franklin Resources Inc. now owns 469,141 shares of the financial services provider's stock valued at $87,308,000 after purchasing an additional 389,129 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of FirstService by 19.7% in the 3rd quarter. Bank of Montreal Can now owns 388,430 shares of the financial services provider's stock valued at $69,992,000 after purchasing an additional 63,807 shares during the last quarter. Baskin Financial Services Inc. boosted its stake in shares of FirstService by 0.3% in the 3rd quarter. Baskin Financial Services Inc. now owns 250,491 shares of the financial services provider's stock valued at $45,737,000 after purchasing an additional 636 shares during the last quarter. Finally, Boston Financial Mangement LLC boosted its stake in shares of FirstService by 25.3% in the 3rd quarter. Boston Financial Mangement LLC now owns 246,673 shares of the financial services provider's stock valued at $45,008,000 after purchasing an additional 49,790 shares during the last quarter. Institutional investors and hedge funds own 69.35% of the company's stock.

FirstService Stock Down 0.2 %

FSV stock traded down $0.37 during mid-day trading on Friday, hitting $175.36. 104,116 shares of the company were exchanged, compared to its average volume of 142,644. 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 1-year low of $141.26 and a 1-year high of $197.84. The firm has a market cap of $7.94 billion, a P/E ratio of 59.04 and a beta of 1.06. The firm's 50 day simple moving average is $181.51 and its 200 day simple moving average is $182.01.

FirstService Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, March 31st will be issued a $0.275 dividend. The ex-dividend date is Monday, March 31st. This is an increase from FirstService's previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.63%. FirstService's dividend payout ratio (DPR) is 33.67%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FSV. Raymond James raised 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. Stifel Nicolaus raised their target price on shares of FirstService from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Finally, StockNews.com raised shares of FirstService from a "hold" rating to a "buy" rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, FirstService has a consensus rating of "Moderate Buy" and a consensus target price of $201.67.

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.