Creative Planning Has $1.69 Million Holdings in FirstService Co. (NASDAQ:FSV)

Creative Planning raised its stake in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 105.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,273 shares of the financial services provider's stock after buying an additional 4,752 shares during the quarter. Creative Planning's holdings in FirstService were worth $1,692,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Benjamin Edwards Inc. increased its stake in shares of FirstService by 35.0% during 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 last quarter. Fifth Third Bancorp increased its stake in shares of FirstService by 20.5% during the 2nd quarter. Fifth Third Bancorp now owns 634 shares of the financial services provider's stock worth $97,000 after purchasing an additional 108 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of FirstService by 49.6% during 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 last quarter. First Horizon Advisors Inc. boosted its holdings in shares of FirstService by 40.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 488 shares of the financial services provider's stock worth $74,000 after buying an additional 141 shares during the period. Finally, Public Sector Pension Investment Board boosted its holdings in shares of FirstService by 3.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 4,048 shares of the financial services provider's stock worth $616,000 after buying an additional 143 shares during the period. Institutional investors and hedge funds own 69.35% of the company's stock.

Analyst Ratings Changes

FSV has been the subject of several recent analyst reports. Scotiabank upped their price objective on shares of FirstService from $190.00 to $200.00 and gave the stock a "sector perform" rating in a report on Tuesday, October 15th. Stifel Nicolaus upped their price objective on shares of FirstService from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Monday, October 21st. StockNews.com raised shares of FirstService from a "hold" rating to a "buy" rating in a report on Friday, October 25th. TD Securities upped their price objective on shares of FirstService from $179.00 to $182.00 and gave the stock a "hold" rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada upped their price objective on shares of FirstService from $187.00 to $192.00 and gave the stock an "outperform" rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, FirstService currently has a consensus rating of "Moderate Buy" and a consensus target price of $198.33.

FirstService Stock Performance

FirstService stock traded down $2.69 during mid-day trading on Wednesday, reaching $188.16. The company had a trading volume of 76,742 shares, compared to its average volume of 82,901. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 1.23. FirstService Co. has a 52 week low of $140.76 and a 52 week high of $192.71. The company has a 50 day moving average of $181.52 and a 200-day moving average of $165.09. The firm has a market cap of $8.46 billion, a price-to-earnings ratio of 93.15 and a beta of 1.05.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.21. FirstService had a net margin of 1.73% and a return on equity of 15.60%. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the firm earned $1.18 EPS. The business's revenue was up 25.0% on a year-over-year basis. On average, sell-side analysts expect that FirstService Co. will post 4.35 EPS for the current fiscal year.

FirstService Announces Dividend

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

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.