Wellington Management Group LLP Increases Stock Position in FirstService Co. (NASDAQ:FSV)

Wellington Management Group LLP grew its holdings in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 47.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,613 shares of the financial services provider's stock after buying an additional 20,097 shares during the period. Wellington Management Group LLP owned approximately 0.14% of FirstService worth $11,426,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of FSV. Benjamin Edwards Inc. increased its position in FirstService by 35.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider's stock valued at $53,000 after buying an additional 91 shares in the last quarter. HighTower Advisors LLC increased 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 valued at $533,000 after acquiring an additional 98 shares in the last quarter. Fifth Third Bancorp raised its position in shares of FirstService by 20.5% during the second quarter. Fifth Third Bancorp now owns 634 shares of the financial services provider's stock worth $97,000 after purchasing an additional 108 shares during the period. Raymond James Trust N.A. lifted its holdings in shares of FirstService by 3.2% in 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 in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of FirstService by 49.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 416 shares of the financial services provider's stock worth $63,000 after purchasing an additional 138 shares in the last quarter. Institutional investors and hedge funds own 69.35% of the company's stock.

Analyst Ratings Changes

FSV has been the topic of several recent research reports. Scotiabank raised their price target on shares of FirstService from $190.00 to $200.00 and gave the company a "sector perform" rating in a research report on Tuesday, October 15th. StockNews.com upgraded FirstService from a "hold" rating to a "buy" rating in a report on Friday, October 25th. TD Securities upped their price target on FirstService from $179.00 to $182.00 and gave the stock a "hold" rating in a report on Thursday, October 17th. Finally, Stifel Nicolaus increased their price target on FirstService from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $198.33.

FirstService Trading Down 0.5 %

FirstService stock traded down $1.03 during mid-day trading on Monday, hitting $187.02. The company's stock had a trading volume of 121,295 shares, compared to its average volume of 84,044. The business has a 50 day moving average price of $188.64 and a 200-day moving average price of $174.91. FirstService Co. has a 12 month low of $141.26 and a 12 month high of $197.84. The stock has a market cap of $8.46 billion, a price-to-earnings ratio of 77.93 and a beta of 1.04. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.79 and a quick ratio of 1.79.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.21. FirstService had a return on equity of 16.68% and a net margin of 2.19%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the firm posted $1.18 earnings per share. The business's quarterly revenue was up 25.0% compared to the same quarter last year. As a group, analysts forecast that FirstService Co. will post 4.58 EPS for the current year.

FirstService Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.53%. FirstService's dividend payout ratio is presently 41.67%.

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.