Fiera Capital Corp Sells 4,808 Shares of FirstService Co. (NASDAQ:FSV)

Fiera Capital Corp lowered its holdings in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 208,583 shares of the financial services provider's stock after selling 4,808 shares during the quarter. Fiera Capital Corp owned 0.46% of FirstService worth $38,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Kornitzer Capital Management Inc. KS raised its stake in shares of FirstService by 57.6% in the third quarter. Kornitzer Capital Management Inc. KS now owns 3,735 shares of the financial services provider's stock worth $681,000 after purchasing an additional 1,365 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in FirstService by 218.1% during the third quarter. Harbor Capital Advisors Inc. now owns 5,475 shares of the financial services provider's stock valued at $999,000 after acquiring an additional 3,754 shares during the last quarter. Conestoga Capital Advisors LLC increased its position in 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 valued at $264,555,000 after acquiring an additional 23,082 shares during the last quarter. Jacobson & Schmitt Advisors LLC increased its position in FirstService by 0.7% during the third quarter. Jacobson & Schmitt Advisors LLC now owns 99,163 shares of the financial services provider's stock valued at $18,093,000 after acquiring an additional 704 shares during the last quarter. Finally, US Bancorp DE increased its position in FirstService by 29.9% during the third quarter. US Bancorp DE now owns 1,278 shares of the financial services provider's stock valued at $233,000 after acquiring an additional 294 shares during the last quarter. Hedge funds and other institutional investors own 69.35% of the company's stock.

FirstService Trading Up 0.2 %

FSV traded up $0.41 on Friday, hitting $188.05. The company had a trading volume of 95,851 shares, compared to its average volume of 75,027. The company has a market cap of $8.48 billion, a PE ratio of 78.35 and a beta of 1.05. FirstService Co. has a 12-month low of $141.26 and a 12-month high of $192.71. The company has a quick ratio of 1.84, a current ratio of 1.79 and a debt-to-equity ratio of 1.13. The business's fifty day simple moving average is $183.15 and its 200 day simple moving average is $166.93.

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

FirstService Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were given a $0.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.00 annualized dividend and a yield of 0.53%. FirstService's dividend payout ratio is currently 41.67%.

Wall Street Analyst Weigh In

A number of research firms recently commented on FSV. Scotiabank upped their price objective on FirstService from $190.00 to $200.00 and gave the company a "sector perform" rating in a research report on Tuesday, October 15th. StockNews.com upgraded FirstService from a "hold" rating to a "buy" rating in a research report on Friday, October 25th. Stifel Nicolaus boosted their price target on FirstService from $200.00 to $215.00 and gave the company a "buy" rating in a report on Monday, October 21st. TD Securities boosted their price objective on FirstService from $179.00 to $182.00 and gave the company a "hold" rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada raised their target price on shares of FirstService from $187.00 to $192.00 and gave the stock an "outperform" rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $198.33.

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.