William Blair Investment Management LLC reduced its stake in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 14.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 737,551 shares of the financial services provider's stock after selling 128,601 shares during the period. William Blair Investment Management LLC owned about 1.63% of FirstService worth $133,511,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc acquired a new position in shares of FirstService during the fourth quarter worth approximately $29,000. Trust Co. of Vermont bought a new position in FirstService during the 4th quarter valued at $46,000. Wilmington Savings Fund Society FSB acquired a new position in shares of FirstService during the 3rd quarter valued at $53,000. Blue Trust Inc. raised its stake in shares of FirstService by 158.2% in the 4th quarter. Blue Trust Inc. now owns 728 shares of the financial services provider's stock worth $133,000 after buying an additional 446 shares in the last quarter. Finally, Gitterman Wealth Management LLC acquired a new stake in shares of FirstService in the fourth quarter valued at $201,000. Institutional investors own 69.35% of the company's stock.
FirstService Trading Up 0.3 %
Shares of FirstService stock traded up $0.53 during trading on Friday, hitting $170.30. The stock had a trading volume of 153,352 shares, compared to its average volume of 93,789. The company has a quick ratio of 1.79, a current ratio of 1.75 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $7.74 billion, a PE ratio of 57.34 and a beta of 1.12. FirstService Co. has a 1 year low of $141.26 and a 1 year high of $197.84. The stock has a 50 day simple moving average of $175.76 and a 200 day simple moving average of $181.73.
FirstService Increases Dividend
The company also recently announced 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 an increase 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 payout ratio is 37.04%.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. Raymond James boosted their price target on shares of FirstService from $215.00 to $225.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. StockNews.com upgraded shares of FirstService from a "hold" rating to a "buy" rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, FirstService presently has a consensus rating of "Moderate Buy" and an average target price of $201.67.
Get Our Latest Stock Report on FSV
About FirstService
(
Free Report)
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.
Further Reading
Before you consider FirstService, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FirstService wasn't on the list.
While FirstService currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
