Invesco Ltd. Sells 44,952 Shares of FirstService Co. (NASDAQ:FSV)

Invesco Ltd. cut its holdings in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 20.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 174,544 shares of the financial services provider's stock after selling 44,952 shares during the quarter. Invesco Ltd. owned about 0.39% of FirstService worth $31,596,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of FSV. Versant Capital Management Inc acquired a new stake in FirstService during the 4th quarter worth about $29,000. Trust Co. of Vermont acquired a new stake in shares of FirstService during the fourth quarter worth approximately $46,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of FirstService during the third quarter worth approximately $53,000. Blue Trust Inc. grew its position in FirstService by 158.2% during the fourth quarter. Blue Trust Inc. now owns 728 shares of the financial services provider's stock valued at $133,000 after purchasing an additional 446 shares in the last quarter. Finally, Gitterman Wealth Management LLC acquired a new position in FirstService in the 4th quarter valued at approximately $201,000. 69.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on FSV. Raymond James boosted their price target on shares of FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. TD Securities boosted their target price on FirstService from $197.00 to $198.00 and gave the company a "hold" rating in a research note on Tuesday. Scotiabank cut their price target on FirstService from $217.50 to $210.00 and set a "sector perform" rating for the company in a research note on Thursday, April 17th. Finally, StockNews.com cut FirstService from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, FirstService has a consensus rating of "Moderate Buy" and a consensus price target of $206.00.

FirstService Stock Performance

Shares of FSV stock traded up $2.99 during trading on Wednesday, reaching $175.03. The company had a trading volume of 10,958 shares, compared to its average volume of 108,427. The firm's 50 day simple moving average is $169.98 and its two-hundred day simple moving average is $179.64. FirstService Co. has a one year low of $141.26 and a one year high of $197.84. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79. The company has a market capitalization of $7.95 billion, a PE ratio of 58.93 and a beta of 1.04.

FirstService Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Monday, March 31st were paid a $0.275 dividend. The ex-dividend date was Monday, March 31st. This is a positive change from FirstService's previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 0.63%. FirstService's dividend payout ratio (DPR) is presently 37.04%.

FirstService Company 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.