State of Tennessee Department of Treasury Sells 4,636 Shares of FirstService Co. (NASDAQ:FSV)

State of Tennessee Department of Treasury cut its position in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 10.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,818 shares of the financial services provider's stock after selling 4,636 shares during the quarter. State of Tennessee Department of Treasury owned about 0.09% of FirstService worth $7,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. TD Waterhouse Canada Inc. grew its holdings in shares of FirstService by 18.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 83,485 shares of the financial services provider's stock worth $14,543,000 after purchasing an additional 13,092 shares in the last quarter. Natixis grew its stake in FirstService by 5,511.1% in the 4th quarter. Natixis now owns 505 shares of the financial services provider's stock worth $91,000 after buying an additional 496 shares in the last quarter. First Trust Advisors LP bought a new position in shares of FirstService in the 4th quarter worth $442,000. Osterweis Capital Management Inc. increased its holdings in shares of FirstService by 15.6% in the 4th quarter. Osterweis Capital Management Inc. now owns 115,138 shares of the financial services provider's stock worth $20,842,000 after buying an additional 15,500 shares during the last quarter. Finally, EAM Global Investors LLC purchased a new stake in shares of FirstService during the 4th quarter valued at $2,612,000. 69.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FSV. Raymond James increased their price objective on FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Scotiabank cut their price objective on shares of FirstService from $217.50 to $210.00 and set a "sector perform" rating for the company in a research note on Thursday, April 17th. TD Securities lifted their target price on shares of FirstService from $197.00 to $198.00 and gave the stock a "hold" rating in a research report on Tuesday, April 22nd. Finally, StockNews.com cut FirstService from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $206.00.

FirstService Trading Up 0.6 %

Shares of NASDAQ FSV traded up $1.06 during trading hours on Monday, hitting $171.99. The company's stock had a trading volume of 92,096 shares, compared to its average volume of 108,635. The business has a 50-day simple moving average of $169.78 and a 200-day simple moving average of $179.43. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 57.91 and a beta of 1.04. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75. FirstService Co. has a 12 month low of $141.26 and a 12 month high of $197.84.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.08. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.28 billion. FirstService had a return on equity of 17.15% and a net margin of 2.58%. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 earnings per share. On average, analysts anticipate that FirstService Co. will post 5.27 earnings per share for the current fiscal year.

FirstService Increases Dividend

The business also recently disclosed 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 was Monday, March 31st. 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 0.64%. FirstService's dividend payout ratio (DPR) is 38.06%.

FirstService 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.