Amundi Boosts Stock Position in FirstService Co. (NASDAQ:FSV)

Amundi increased its stake in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 21.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,162 shares of the financial services provider's stock after purchasing an additional 11,846 shares during the quarter. Amundi owned 0.15% of FirstService worth $11,921,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Versant Capital Management Inc acquired a new position in shares of FirstService during the 4th quarter worth about $29,000. Trust Co. of Vermont acquired a new position in shares of FirstService during the 4th quarter worth about $46,000. Wilmington Savings Fund Society FSB acquired a new position in shares of FirstService during the 3rd quarter worth about $53,000. Venturi Wealth Management LLC acquired a new position in shares of FirstService during the 3rd quarter worth about $66,000. Finally, Blue Trust Inc. boosted its position in shares of FirstService by 158.2% during the 4th quarter. Blue Trust Inc. now owns 728 shares of the financial services provider's stock worth $133,000 after acquiring an additional 446 shares in the last quarter. 69.35% of the stock is owned by institutional investors and hedge funds.

FirstService Stock Performance

Shares of FirstService stock traded down $0.54 on Tuesday, hitting $168.01. The stock had a trading volume of 211,058 shares, compared to its average volume of 92,828. FirstService Co. has a 52-week low of $141.26 and a 52-week high of $197.84. 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 stock has a market cap of $7.64 billion, a price-to-earnings ratio of 56.57 and a beta of 1.12. The company's 50 day moving average price is $176.26 and its 200 day moving average price is $181.98.

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FirstService Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Raymond James upped their price objective on FirstService from $215.00 to $225.00 and gave the stock 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 report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $201.67.

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.