Swiss National Bank Cuts Position in FirstService Co. (NASDAQ:FSV)

Swiss National Bank lowered its position in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 117,600 shares of the financial services provider's stock after selling 4,900 shares during the quarter. Swiss National Bank owned about 0.26% of FirstService worth $21,293,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc purchased a new stake in shares of FirstService in the fourth quarter valued at about $29,000. Trust Co. of Vermont purchased a new stake in shares of FirstService in the fourth quarter valued at about $46,000. Wilmington Savings Fund Society FSB acquired a new position in FirstService in the third quarter valued at about $53,000. Blue Trust Inc. lifted its position in FirstService by 158.2% in the fourth quarter. Blue Trust Inc. now owns 728 shares of the financial services provider's stock valued at $133,000 after buying an additional 446 shares during the last quarter. Finally, Hardy Reed LLC acquired a new position in FirstService in the third quarter valued at about $217,000. Hedge funds and other institutional investors own 69.35% of the company's stock.

Analysts Set New Price Targets

FSV has been the topic of a number of recent analyst reports. StockNews.com raised shares of FirstService from a "hold" rating to a "buy" rating in a research report on Wednesday. Raymond James upped their target price on shares of FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $201.67.

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FirstService Stock Up 0.3 %

Shares of FSV traded up $0.53 during mid-day trading on Friday, hitting $170.30. 153,352 shares of the company's stock were exchanged, compared to its average volume of 93,778. The company has a market cap of $7.74 billion, a price-to-earnings ratio of 57.34 and a beta of 1.12. FirstService Co. has a fifty-two week low of $141.26 and a fifty-two week 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 is $175.68 and its 200-day moving average is $181.66.

FirstService Increases Dividend

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

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.