FirstService Co. (NASDAQ:FSV) Position Increased by Osterweis Capital Management Inc.

Osterweis Capital Management Inc. raised its position in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 15.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 115,138 shares of the financial services provider's stock after buying an additional 15,500 shares during the period. Osterweis Capital Management Inc. owned approximately 0.25% of FirstService worth $20,842,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. EAM Global Investors LLC bought a new position in FirstService during the 4th quarter valued at $2,612,000. EAM Investors LLC bought a new stake in FirstService in the fourth quarter valued at about $1,041,000. XTX Topco Ltd acquired a new stake in FirstService during the fourth quarter valued at approximately $443,000. Mariner LLC boosted its holdings in FirstService by 20.4% in the fourth quarter. Mariner LLC now owns 2,560 shares of the financial services provider's stock worth $464,000 after purchasing an additional 433 shares during the period. Finally, Advisors Capital Management LLC lifted its position in shares of FirstService by 1.0% in the 4th quarter. Advisors Capital Management LLC now owns 22,555 shares of the financial services provider's stock worth $4,083,000 after buying an additional 233 shares during the last quarter. 69.35% of the stock is currently owned by institutional investors and hedge funds.

FirstService Price Performance

NASDAQ:FSV traded up $1.95 during mid-day trading on Tuesday, reaching $172.75. 38,092 shares of the stock were exchanged, compared to its average volume of 108,409. FirstService Co. has a 1-year low of $141.26 and a 1-year high of $197.84. The company has a current ratio of 1.75, a quick ratio of 1.79 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $7.85 billion, a PE ratio of 58.16 and a beta of 1.04. The business has a fifty day moving average price of $170.05 and a 200 day moving average price of $179.70.

FirstService Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Monday, March 31st were issued a $0.275 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.10 annualized dividend and a dividend yield of 0.64%. This is a boost from FirstService's previous quarterly dividend of $0.25. FirstService's dividend payout ratio is currently 37.04%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Raymond James raised their target price on shares of FirstService from $215.00 to $225.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. StockNews.com cut FirstService from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Finally, Scotiabank lowered their price target on shares of FirstService from $217.50 to $210.00 and set a "sector perform" rating for the company in a research report on Thursday, April 17th. Three investment 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, the company presently has an average rating of "Moderate Buy" and a consensus target price of $203.33.

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.