Raymond James & Associates Purchases 6,995 Shares of FirstService Co. (NASDAQ:FSV)

Raymond James & Associates lifted its holdings in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 4.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 148,864 shares of the financial services provider's stock after acquiring an additional 6,995 shares during the period. Raymond James & Associates owned 0.33% of FirstService worth $27,162,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its stake in shares of FirstService by 8,066.7% in the second quarter. Blue Trust Inc. now owns 245 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 242 shares during the period. Benjamin Edwards Inc. raised its position in FirstService by 35.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider's stock worth $53,000 after purchasing an additional 91 shares during the period. Benjamin F. Edwards & Company Inc. raised its position 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 worth $63,000 after purchasing an additional 138 shares during the period. First Horizon Advisors Inc. lifted its stake in FirstService by 40.6% in the second quarter. First Horizon Advisors Inc. now owns 488 shares of the financial services provider's stock worth $74,000 after purchasing an additional 141 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of FirstService by 20.5% during the second quarter. Fifth Third Bancorp now owns 634 shares of the financial services provider's stock valued at $97,000 after buying an additional 108 shares during the period. Hedge funds and other institutional investors own 69.35% of the company's stock.

FirstService Stock Up 0.0 %

FirstService stock traded up $0.04 during midday trading on Friday, hitting $189.69. 86,222 shares of the company's stock were exchanged, compared to its average volume of 82,817. FirstService Co. has a 12 month low of $134.77 and a 12 month high of $192.71. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market cap of $8.53 billion, a PE ratio of 93.89 and a beta of 1.05. The firm has a 50-day moving average of $180.55 and a two-hundred day moving average of $164.25.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.26 by $0.10. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 billion. FirstService had a net margin of 1.73% and a return on equity of 15.60%. The company's quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the firm earned $1.37 earnings per share. As a group, analysts expect that FirstService Co. will post 4.35 earnings per share for the current fiscal year.

FirstService Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.53%. FirstService's dividend payout ratio is presently 49.50%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FSV. TD Securities increased their price target on FirstService from $179.00 to $182.00 and gave the stock a "hold" rating in a report on Thursday, October 17th. Stifel Nicolaus lifted their target price on FirstService from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Monday. Royal Bank of Canada raised their price target 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. Finally, Scotiabank boosted their price objective on shares of FirstService from $190.00 to $200.00 and gave the company a "sector perform" rating in a research report on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, FirstService has a consensus rating of "Moderate Buy" and an average price target of $198.33.

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.