Vista Finance LLC Purchases Shares of 1,869 FirstService Co. (NASDAQ:FSV)

Vista Finance LLC acquired a new stake in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,869 shares of the financial services provider's stock, valued at approximately $338,000.

Other hedge funds also recently bought and sold shares of the company. Berry Wealth Group LP grew its position in shares of FirstService by 5.4% during the 4th quarter. Berry Wealth Group LP now owns 1,786 shares of the financial services provider's stock worth $323,000 after buying an additional 91 shares in the last quarter. HighTower Advisors LLC grew its position in shares of FirstService by 3.5% during the 3rd quarter. HighTower Advisors LLC now owns 2,932 shares of the financial services provider's stock worth $533,000 after buying an additional 98 shares in the last quarter. Raymond James Trust N.A. grew its position in shares of 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 buying an additional 110 shares in the last quarter. Versant Capital Management Inc bought a new position in shares of FirstService during the 4th quarter worth $29,000. Finally, Trust Co. of Vermont bought a new position in shares of FirstService during the 4th quarter worth $46,000. Institutional investors own 69.35% of the company's stock.

FirstService Stock Down 0.3 %

FirstService stock traded down $0.52 during midday trading on Wednesday, reaching $174.09. The company's stock had a trading volume of 131,333 shares, compared to its average volume of 130,429. The stock's 50-day simple moving average is $181.18 and its 200-day simple moving average is $182.08. 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 Co. has a 52-week low of $141.26 and a 52-week high of $197.84. The stock has a market capitalization of $7.88 billion, a P/E ratio of 58.62 and a beta of 1.06.

FirstService Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, March 31st will be paid a $0.275 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from FirstService's previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 0.63%. FirstService's dividend payout ratio (DPR) is 33.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FSV shares. Raymond James upped their price objective on FirstService from $215.00 to $225.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. StockNews.com upgraded FirstService from a "hold" rating to a "buy" rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $201.67.

FirstService Company 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.