Blair William & Co. IL Has $16.38 Million Position in FirstService Co. (NASDAQ:FSV)

Blair William & Co. IL trimmed its holdings in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 90,464 shares of the financial services provider's stock after selling 3,918 shares during the period. Blair William & Co. IL owned about 0.20% of FirstService worth $16,376,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of FSV. Berry Wealth Group LP boosted its stake in FirstService by 5.4% in the 4th quarter. Berry Wealth Group LP now owns 1,786 shares of the financial services provider's stock worth $323,000 after purchasing an additional 91 shares during the period. Signaturefd LLC lifted its holdings in shares of FirstService by 7.5% in the fourth quarter. Signaturefd LLC now owns 1,363 shares of the financial services provider's stock valued at $247,000 after purchasing an additional 95 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of FirstService by 3.5% during the third quarter. HighTower Advisors LLC now owns 2,932 shares of the financial services provider's stock worth $533,000 after buying an additional 98 shares during the period. Versant Capital Management Inc bought a new position in shares of FirstService during the fourth quarter worth about $29,000. Finally, Trust Co. of Vermont acquired a new stake in FirstService in the 4th quarter valued at approximately $46,000. 69.35% of the stock is currently owned by institutional investors.

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FirstService Stock Performance

FSV stock traded up $1.73 during trading hours on Wednesday, reaching $170.36. The stock had a trading volume of 75,853 shares, compared to its average volume of 151,892. The stock has a 50-day simple moving average of $174.21 and a 200 day simple moving average of $181.23. FirstService Co. has a fifty-two week low of $141.26 and a fifty-two week high of $197.84. The stock has a market capitalization of $7.74 billion, a PE ratio of 57.36 and a beta of 1.04. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79.

FirstService Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Monday, March 31st will be issued a dividend of $0.275 per share. The ex-dividend date is Monday, March 31st. This represents a $1.10 dividend on an annualized basis and a yield of 0.65%. This is a boost from FirstService's previous quarterly dividend of $0.25. FirstService's dividend payout ratio (DPR) is presently 37.04%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FSV shares. StockNews.com cut shares of FirstService from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Raymond James lifted their price target 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, FirstService currently 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.