Financiere des Professionnels Fonds d investissement inc. Decreases Position in FirstService Co. (NASDAQ:FSV)

Financiere des Professionnels Fonds d investissement inc. cut its holdings in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 52.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,185 shares of the financial services provider's stock after selling 5,819 shares during the period. Financiere des Professionnels Fonds d investissement inc.'s holdings in FirstService were worth $939,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Franklin Resources Inc. boosted its holdings in FirstService by 486.3% in the 3rd quarter. Franklin Resources Inc. now owns 469,141 shares of the financial services provider's stock worth $87,308,000 after buying an additional 389,129 shares during the period. Bank of Montreal Can boosted its holdings in FirstService by 19.7% in 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 period. JPMorgan Chase & Co. boosted its holdings in FirstService by 5.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 200,776 shares of the financial services provider's stock valued at $36,634,000 after purchasing an additional 10,191 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in FirstService by 253.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 19,351 shares of the financial services provider's stock valued at $3,503,000 after purchasing an additional 13,876 shares during the period. Finally, Stifel Financial Corp boosted its holdings in FirstService by 65.4% in the 3rd quarter. Stifel Financial Corp now owns 21,103 shares of the financial services provider's stock valued at $3,851,000 after purchasing an additional 8,348 shares during the period. 69.35% of the stock is owned by institutional investors.

FirstService Price Performance

Shares of FirstService stock traded down $1.36 on Wednesday, hitting $173.25. 82,340 shares of the company traded hands, compared to its average volume of 129,069. The firm's 50-day simple moving average is $181.18 and its 200 day simple moving average is $182.08. The company has a current ratio of 1.75, a quick ratio of 1.79 and a debt-to-equity ratio of 1.09. The company has a market cap of $7.84 billion, a P/E ratio of 58.36 and a beta of 1.06. FirstService Co. has a 12-month low of $141.26 and a 12-month high of $197.84.

FirstService Increases Dividend

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

Analysts Set New Price Targets

FSV has been the subject of several analyst reports. Raymond James raised their price target on shares of FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. StockNews.com raised shares of FirstService from a "hold" rating to a "buy" rating in a report on Friday, October 25th. Two investment 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, the stock currently has an average 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.