Summit Creek Advisors LLC Sells 9,347 Shares of FirstService Co. (NASDAQ:FSV)

Summit Creek Advisors LLC lowered its position in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 8.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,284 shares of the financial services provider's stock after selling 9,347 shares during the quarter. FirstService makes up approximately 2.5% of Summit Creek Advisors LLC's portfolio, making the stock its 18th biggest position. Summit Creek Advisors LLC owned about 0.23% of FirstService worth $19,240,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of FSV. Berry Wealth Group LP increased its holdings in shares of FirstService by 5.4% in the fourth quarter. Berry Wealth Group LP now owns 1,786 shares of the financial services provider's stock worth $323,000 after buying an additional 91 shares during the period. Signaturefd LLC increased its stake in FirstService by 7.5% in the 4th quarter. Signaturefd LLC now owns 1,363 shares of the financial services provider's stock worth $247,000 after purchasing an additional 95 shares during the period. HighTower Advisors LLC lifted its position in FirstService by 3.5% in the third quarter. HighTower Advisors LLC now owns 2,932 shares of the financial services provider's stock valued at $533,000 after purchasing an additional 98 shares during the last quarter. Raymond James Trust N.A. boosted its stake in shares of FirstService by 3.2% during the third quarter. Raymond James Trust N.A. now owns 3,523 shares of the financial services provider's stock valued at $643,000 after purchasing an additional 110 shares during the period. Finally, Versant Capital Management Inc purchased a new stake in shares of FirstService during the fourth quarter valued at approximately $29,000. 69.35% of the stock is currently owned by institutional investors.

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FirstService Trading Down 1.7 %

Shares of NASDAQ:FSV traded down $2.86 on Friday, hitting $166.05. The company had a trading volume of 168,178 shares, compared to its average volume of 102,204. The firm's 50-day simple moving average is $174.82 and its two-hundred day simple moving average is $181.38. The firm has a market capitalization of $7.55 billion, a price-to-earnings ratio of 55.91 and a beta of 1.12. The company has a quick ratio of 1.79, a current ratio of 1.75 and a debt-to-equity ratio of 1.09. FirstService Co. has a 1 year low of $141.26 and a 1 year high of $197.84.

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 issued a $0.275 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from FirstService's previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 0.66%. FirstService's dividend payout ratio (DPR) is 37.04%.

Analyst Upgrades and Downgrades

FSV has been the subject of a number of recent analyst reports. StockNews.com lowered shares of FirstService from a "buy" rating to a "hold" rating in a report on Thursday. Raymond James upped their price objective 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.