Crossmark Global Holdings Inc. Sells 4,617 Shares of FirstService Co. (NASDAQ:FSV)

Crossmark Global Holdings Inc. trimmed its position in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 44.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,854 shares of the financial services provider's stock after selling 4,617 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in FirstService were worth $1,068,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sustainable Insight Capital Management LLC bought a new stake in shares of FirstService in the third quarter worth $454,000. Kornitzer Capital Management Inc. KS grew its position in shares of FirstService by 57.6% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 3,735 shares of the financial services provider's stock valued at $681,000 after buying an additional 1,365 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of FirstService by 218.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,475 shares of the financial services provider's stock valued at $999,000 after buying an additional 3,754 shares during the last quarter. Conestoga Capital Advisors LLC raised its position in shares of FirstService by 1.6% during the third quarter. Conestoga Capital Advisors LLC now owns 1,449,933 shares of the financial services provider's stock worth $264,555,000 after acquiring an additional 23,082 shares during the last quarter. Finally, Jacobson & Schmitt Advisors LLC raised its position in shares of FirstService by 0.7% during the third quarter. Jacobson & Schmitt Advisors LLC now owns 99,163 shares of the financial services provider's stock worth $18,093,000 after acquiring an additional 704 shares during the last quarter. 69.35% of the stock is currently owned by institutional investors.

FirstService Stock Up 0.9 %

Shares of NASDAQ FSV traded up $1.59 during midday trading on Friday, hitting $186.85. 53,311 shares of the stock traded hands, compared to its average volume of 82,672. FirstService Co. has a one year low of $141.26 and a one year high of $192.71. The business has a 50 day moving average price of $183.74 and a two-hundred day moving average price of $167.87. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market cap of $8.43 billion, a PE ratio of 77.19 and a beta of 1.05.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.21. FirstService had a net margin of 2.19% and a return on equity of 16.68%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the business posted $1.18 EPS. FirstService's quarterly revenue was up 25.0% on a year-over-year basis. On average, equities analysts predict that FirstService Co. will post 4.58 EPS for the current year.

FirstService Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Monday, September 30th. FirstService's dividend payout ratio is 41.67%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. StockNews.com raised shares of FirstService from a "hold" rating to a "buy" rating in a research report on Friday, October 25th. Scotiabank lifted their target price on shares of FirstService from $190.00 to $200.00 and gave the stock a "sector perform" rating in a research note on Tuesday, October 15th. Royal Bank of Canada boosted their target price on shares of FirstService from $187.00 to $192.00 and gave the company an "outperform" rating in a report on Friday, July 26th. Stifel Nicolaus increased their price target on FirstService from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Finally, TD Securities upped their target price on FirstService from $179.00 to $182.00 and gave the company a "hold" rating in a research report on Thursday, October 17th. 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 price target of $198.33.

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.