Quantbot Technologies LP lifted its stake in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 48.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,471 shares of the financial services provider's stock after buying an additional 2,766 shares during the quarter. Quantbot Technologies LP's holdings in FirstService were worth $1,533,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Berry Wealth Group LP raised its position in shares of FirstService by 5.4% in the fourth quarter. Berry Wealth Group LP now owns 1,786 shares of the financial services provider's stock worth $323,000 after acquiring an additional 91 shares during the period. Signaturefd LLC boosted its position in shares of FirstService by 7.5% during the 4th quarter. Signaturefd LLC now owns 1,363 shares of the financial services provider's stock worth $247,000 after acquiring an additional 95 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of FirstService by 3.5% during the third quarter. HighTower Advisors LLC now owns 2,932 shares of the financial services provider's stock worth $533,000 after purchasing an additional 98 shares during the last quarter. Raymond James Trust N.A. boosted its stake in FirstService by 3.2% during the 3rd quarter. Raymond James Trust N.A. now owns 3,523 shares of the financial services provider's stock worth $643,000 after purchasing an additional 110 shares during the period. Finally, Versant Capital Management Inc acquired a new position in shares of FirstService in the fourth quarter valued at approximately $29,000. 69.35% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research firms have commented on FSV. Raymond James boosted their target price on FirstService from $215.00 to $225.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. StockNews.com downgraded shares of FirstService from a "buy" rating to a "hold" rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $201.67.
Read Our Latest Research Report on FSV
FirstService Stock Down 1.7 %
Shares of NASDAQ:FSV traded down $2.86 during midday trading on Friday, reaching $166.05. The company had a trading volume of 168,178 shares, compared to its average volume of 102,204. The stock's fifty day moving average price is $174.82 and its 200-day moving average price is $181.38. The stock has a market capitalization of $7.55 billion, a P/E ratio of 55.91 and a beta of 1.12. FirstService Co. has a one year low of $141.26 and a one year high of $197.84. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79.
FirstService Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Monday, March 31st will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Monday, March 31st. This is an increase from FirstService's previous quarterly dividend of $0.25. FirstService's payout ratio is currently 37.04%.
About FirstService
(
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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