FirstService Co. (NASDAQ:FSV) Stock Position Lifted by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC increased its stake in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,449,933 shares of the financial services provider's stock after buying an additional 23,082 shares during the period. FirstService accounts for 3.6% of Conestoga Capital Advisors LLC's portfolio, making the stock its 5th largest position. Conestoga Capital Advisors LLC owned approximately 3.22% of FirstService worth $264,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Jacobson & Schmitt Advisors LLC grew its holdings in FirstService by 0.7% in the third quarter. Jacobson & Schmitt Advisors LLC now owns 99,163 shares of the financial services provider's stock worth $18,093,000 after purchasing an additional 704 shares during the period. US Bancorp DE raised its stake in FirstService by 29.9% during the third quarter. US Bancorp DE now owns 1,278 shares of the financial services provider's stock valued at $233,000 after buying an additional 294 shares during the last quarter. First Trust Direct Indexing L.P. boosted its holdings in FirstService by 25.9% in the third quarter. First Trust Direct Indexing L.P. now owns 2,930 shares of the financial services provider's stock worth $535,000 after acquiring an additional 602 shares in the last quarter. Boston Financial Mangement LLC grew its stake in shares of FirstService by 25.3% in the third quarter. Boston Financial Mangement LLC now owns 246,673 shares of the financial services provider's stock worth $45,008,000 after acquiring an additional 49,790 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of FirstService by 54.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,224 shares of the financial services provider's stock valued at $406,000 after acquiring an additional 787 shares in the last quarter. 69.35% of the stock is currently owned by hedge funds and other institutional investors.

FirstService Trading Up 1.1 %

Shares of NASDAQ:FSV traded up $2.02 during trading on Friday, reaching $187.19. The company's stock had a trading volume of 67,433 shares, compared to its average volume of 82,956. The firm's 50 day simple moving average is $182.00 and its two-hundred day simple moving average is $165.39. The company has a current ratio of 1.75, a quick ratio of 1.84 and a debt-to-equity ratio of 1.13. FirstService Co. has a 12 month low of $141.26 and a 12 month high of $192.71. The stock has a market capitalization of $8.44 billion, a PE ratio of 77.85 and a beta of 1.05.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last released its earnings results on Thursday, October 24th. The financial services provider reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.21. FirstService had a return on equity of 16.68% and a net margin of 2.19%. The firm had revenue of $1.40 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter in the prior year, the firm posted $1.18 earnings per share. The company's quarterly revenue was up 25.0% on a year-over-year basis. On average, research analysts predict that FirstService Co. will post 4.58 EPS for the current fiscal year.

FirstService Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Monday, September 30th. FirstService's dividend payout ratio (DPR) is presently 41.67%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Scotiabank boosted their price target on FirstService from $190.00 to $200.00 and gave the stock a "sector perform" rating in a research note on Tuesday, October 15th. Royal Bank of Canada boosted their price objective on shares of FirstService from $187.00 to $192.00 and gave the company an "outperform" rating in a report on Friday, July 26th. TD Securities raised their target price on shares of FirstService from $179.00 to $182.00 and gave the stock a "hold" rating in a report on Thursday, October 17th. Stifel Nicolaus increased their price target on FirstService from $200.00 to $215.00 and gave the company a "buy" rating in a report on Monday, October 21st. Finally, StockNews.com raised FirstService from a "hold" rating to a "buy" rating in a report 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.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.