FirstService Co. (NASDAQ:FSV) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its position in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 24.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,395 shares of the financial services provider's stock after selling 1,459 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in FirstService were worth $796,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in FSV. Versant Capital Management Inc purchased a new position in FirstService during the fourth quarter worth $29,000. Trust Co. of Vermont acquired a new stake in shares of FirstService during the fourth quarter valued at $46,000. Wilmington Savings Fund Society FSB purchased a new stake in FirstService during the 3rd quarter worth about $53,000. Benjamin F. Edwards & Company Inc. raised its stake in FirstService by 49.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 416 shares of the financial services provider's stock valued at $63,000 after purchasing an additional 138 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in FirstService in the 3rd quarter valued at about $66,000. Institutional investors and hedge funds own 69.35% of the company's stock.

FirstService Trading Up 0.3 %

FSV stock traded up $0.48 during trading on Friday, reaching $185.45. 116,920 shares of the stock traded hands, compared to its average volume of 93,289. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.79 and a quick ratio of 1.79. FirstService Co. has a 52-week low of $141.26 and a 52-week high of $197.84. The firm has a market capitalization of $8.40 billion, a PE ratio of 77.27 and a beta of 1.06. The business's 50 day moving average price is $185.63 and its 200-day moving average price is $180.93.

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 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.21. The firm had revenue of $1.40 billion during the quarter, compared to analysts' expectations of $1.32 billion. FirstService had a net margin of 2.19% and a return on equity of 16.68%. The firm's revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.18 EPS. As a group, sell-side analysts forecast that FirstService Co. will post 4.64 earnings per share for the current year.

FirstService Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 31st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Tuesday, December 31st. FirstService's dividend payout ratio is presently 41.67%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FSV. TD Securities boosted their price objective on shares of FirstService from $179.00 to $182.00 and gave the company a "hold" rating in a research report on Thursday, October 17th. Scotiabank boosted their price target on FirstService from $190.00 to $200.00 and gave the company a "sector perform" rating in a report on Tuesday, October 15th. Stifel Nicolaus raised their price objective on FirstService from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Raymond James upped their target price on FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, StockNews.com raised FirstService from a "hold" rating to a "buy" rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, FirstService currently has an average rating of "Moderate Buy" and an average 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.