FirstService Co. (NASDAQ:FSV) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its position in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 253.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 19,351 shares of the financial services provider's stock after purchasing an additional 13,876 shares during the period. Harbor Capital Advisors Inc.'s holdings in FirstService were worth $3,503,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Franklin Resources Inc. boosted its stake in FirstService by 486.3% during the third 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 last quarter. Bank of Montreal Can raised its holdings in shares of 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 acquiring an additional 63,807 shares during the period. JPMorgan Chase & Co. boosted its position in shares of FirstService by 5.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 200,776 shares of the financial services provider's stock valued at $36,634,000 after acquiring an additional 10,191 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of FirstService by 8.2% in the second quarter. Envestnet Asset Management Inc. now owns 193,129 shares of the financial services provider's stock valued at $29,427,000 after purchasing an additional 14,579 shares during the period. Finally, William Blair Investment Management LLC grew its holdings in shares of FirstService by 0.8% in the second quarter. William Blair Investment Management LLC now owns 861,871 shares of the financial services provider's stock valued at $131,323,000 after purchasing an additional 6,863 shares during the period. Hedge funds and other institutional investors own 69.35% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on FSV shares. TD Securities boosted their target price on shares of FirstService from $179.00 to $182.00 and gave the company a "hold" rating in a report on Thursday, October 17th. StockNews.com upgraded FirstService from a "hold" rating to a "buy" rating in a report on Friday, October 25th. Scotiabank increased their price objective on FirstService from $190.00 to $200.00 and gave the stock a "sector perform" rating in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus lifted their target price on FirstService from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $198.33.

FirstService Trading Down 1.6 %

NASDAQ FSV traded down $2.88 on Friday, reaching $174.61. The stock had a trading volume of 205,835 shares, compared to its average volume of 93,123. FirstService Co. has a 12-month low of $141.26 and a 12-month high of $197.84. The stock has a fifty day moving average price of $186.73 and a two-hundred day moving average price of $178.77. The firm has a market capitalization of $7.90 billion, a price-to-earnings ratio of 72.75 and a beta of 1.06. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.13.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.21. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.32 billion. FirstService had a return on equity of 16.68% and a net margin of 2.19%. The company's quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.18 EPS. As a group, sell-side analysts forecast that FirstService Co. will post 4.58 EPS for the current fiscal year.

FirstService Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 31st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Tuesday, December 31st. FirstService's payout ratio is 41.67%.

FirstService 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.