Royce & Associates LP Sells 40,308 Shares of FirstService Co. (NASDAQ:FSV)

Royce & Associates LP cut its holdings in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 9.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 398,446 shares of the financial services provider's stock after selling 40,308 shares during the quarter. FirstService accounts for about 0.7% of Royce & Associates LP's investment portfolio, making the stock its 17th largest holding. Royce & Associates LP owned 0.88% of FirstService worth $72,127,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of FSV. Natixis Advisors LLC boosted its holdings in shares of FirstService by 3.5% during the fourth quarter. Natixis Advisors LLC now owns 24,645 shares of the financial services provider's stock worth $4,461,000 after purchasing an additional 833 shares during the period. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of FirstService by 3.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 28,371 shares of the financial services provider's stock valued at $5,136,000 after acquiring an additional 1,000 shares in the last quarter. AGF Management Ltd. boosted its position in FirstService by 29.6% during the fourth quarter. AGF Management Ltd. now owns 24,527 shares of the financial services provider's stock valued at $4,443,000 after purchasing an additional 5,600 shares during the last quarter. Eos Management L.P. increased its stake in shares of FirstService by 43.6% during the 4th quarter. Eos Management L.P. now owns 13,182 shares of the financial services provider's stock worth $2,386,000 after purchasing an additional 4,004 shares during the last quarter. Finally, King Luther Capital Management Corp raised its stake in FirstService by 7.2% during the 4th quarter. King Luther Capital Management Corp now owns 35,664 shares of the financial services provider's stock valued at $6,456,000 after purchasing an additional 2,380 shares during the last quarter. Hedge funds and other institutional investors own 69.35% of the company's stock.

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FirstService Price Performance

NASDAQ FSV traded down $0.69 during trading on Thursday, reaching $169.77. 127,141 shares of the company traded hands, compared to its average volume of 93,440. FirstService Co. has a 1-year low of $141.26 and a 1-year high of $197.84. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75. The stock's 50 day moving average price is $175.92 and its two-hundred day moving average price is $181.81. The company has a market cap of $7.72 billion, a price-to-earnings ratio of 57.16 and a beta of 1.12.

FirstService Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.275 per share. This is a positive change from FirstService's previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Monday, March 31st. FirstService's dividend payout ratio is currently 37.04%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FSV shares. StockNews.com upgraded shares of FirstService from a "hold" rating to a "buy" rating in a report on Wednesday. Raymond James boosted their price target on FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $201.67.

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.