Plato Investment Management Ltd acquired a new stake in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,949 shares of the financial services provider's stock, valued at approximately $1,452,000.
A number of other hedge funds have also recently bought and sold shares of FSV. Blue Trust Inc. boosted its holdings in 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 last quarter. Benjamin Edwards Inc. increased its position in shares of FirstService by 35.0% in the second quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider's stock worth $53,000 after acquiring an additional 91 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of FirstService in the 3rd quarter valued at $66,000. Benjamin F. Edwards & Company Inc. boosted its position in 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 period. Finally, First Horizon Advisors Inc. increased its holdings in FirstService by 40.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 488 shares of the financial services provider's stock valued at $74,000 after purchasing an additional 141 shares in the last quarter. Institutional investors and hedge funds own 69.35% of the company's stock.
FirstService Stock Performance
Shares of FirstService stock traded up $0.90 during trading on Friday, hitting $186.16. 171,380 shares of the stock were exchanged, compared to its average volume of 83,224. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.79 and a current ratio of 1.79. The stock's fifty day moving average is $183.74 and its 200 day moving average is $167.87. The stock has a market cap of $8.40 billion, a PE ratio of 77.57 and a beta of 1.05. FirstService Co. has a 12 month low of $141.26 and a 12 month high of $192.71.
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. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.32 billion. FirstService had a net margin of 2.19% and a return on equity of 16.68%. FirstService's revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.18 EPS. As a group, sell-side analysts anticipate that FirstService Co. will post 4.58 EPS for the current year.
FirstService Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were given a $0.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 0.54%. FirstService's dividend payout ratio (DPR) is presently 41.67%.
Analyst Ratings Changes
A number of research firms have recently commented on FSV. Stifel Nicolaus boosted their target price on shares of FirstService from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. TD Securities lifted their target price on FirstService from $179.00 to $182.00 and gave the stock a "hold" rating in a research report on Thursday, October 17th. StockNews.com raised FirstService from a "hold" rating to a "buy" rating in a report on Friday, October 25th. Royal Bank of Canada increased their target price on FirstService from $187.00 to $192.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. Finally, Scotiabank upped their price target on shares of FirstService from $190.00 to $200.00 and gave the company a "sector perform" rating in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, FirstService presently has an average rating of "Moderate Buy" and a consensus target price of $198.33.
Check Out Our Latest Stock Report on FSV
FirstService Profile
(
Free Report)
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.
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