Massachusetts Financial Services Co. MA Has $22.25 Million Stock Holdings in FirstService Co. (NASDAQ:FSV)

Massachusetts Financial Services Co. MA cut its stake in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 122,903 shares of the financial services provider's stock after selling 4,327 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.27% of FirstService worth $22,248,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc bought a new position in FirstService during the 4th quarter valued at 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 bought a new position in shares of FirstService in the third quarter valued at approximately $53,000. Blue Trust Inc. boosted its holdings in shares of FirstService by 158.2% in the 4th quarter. Blue Trust Inc. now owns 728 shares of the financial services provider's stock worth $133,000 after acquiring an additional 446 shares in the last quarter. Finally, Gitterman Wealth Management LLC bought a new stake in FirstService during the 4th quarter worth approximately $201,000. Institutional investors and hedge funds own 69.35% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on FSV shares. StockNews.com lowered FirstService from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Raymond James lifted their price target on FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $201.67.

FirstService Trading Up 1.3 %

Shares of NASDAQ FSV traded up $2.10 during midday trading on Friday, hitting $166.54. The stock had a trading volume of 186,131 shares, compared to its average volume of 107,305. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79. FirstService Co. has a fifty-two week low of $141.26 and a fifty-two week high of $197.84. The firm has a market cap of $7.57 billion, a P/E ratio of 56.07 and a beta of 1.04. The company's 50-day simple moving average is $170.36 and its 200 day simple moving average is $180.09.

FirstService Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Monday, March 31st were issued a dividend of $0.275 per share. This is a boost from FirstService's previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 0.66%. The ex-dividend date was Monday, March 31st. FirstService's payout ratio is currently 37.04%.

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.