FIL Ltd Purchases 113,592 Shares of FirstService Co. (NASDAQ:FSV)

FIL Ltd lifted its holdings in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,057,284 shares of the financial services provider's stock after purchasing an additional 113,592 shares during the period. FIL Ltd owned 2.34% of FirstService worth $191,524,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Versant Capital Management Inc acquired a new stake in shares of FirstService in the fourth quarter valued at about $29,000. Trust Co. of Vermont bought a new position in shares of FirstService during the fourth quarter valued at $46,000. Wilmington Savings Fund Society FSB bought a new position in FirstService during the 3rd quarter valued at about $53,000. Blue Trust Inc. raised its stake in shares of FirstService by 158.2% in the fourth quarter. Blue Trust Inc. now owns 728 shares of the financial services provider's stock valued at $133,000 after acquiring an additional 446 shares during the last quarter. Finally, Gitterman Wealth Management LLC acquired a new position in FirstService in the fourth quarter worth $201,000. Institutional investors own 69.35% of the company's stock.

FirstService Stock Up 1.4 %

FSV stock traded up $2.36 during trading hours on Monday, reaching $168.90. 31,576 shares of the stock were exchanged, compared to its average volume of 107,186. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 56.87 and a beta of 1.04. The firm's 50-day moving average is $170.36 and its 200-day moving average is $180.08. FirstService Co. has a 12 month low of $141.26 and a 12 month high of $197.84.

FirstService Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Monday, March 31st were given a dividend of $0.275 per share. The ex-dividend date was Monday, March 31st. This represents a $1.10 dividend on an annualized basis and a yield of 0.65%. This is an increase from FirstService's previous quarterly dividend of $0.25. FirstService's dividend payout ratio is 37.04%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Raymond James upped their target price on shares of FirstService from $215.00 to $225.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. StockNews.com cut FirstService from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price 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.