XTX Topco Ltd purchased a new stake in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,446 shares of the financial services provider's stock, valued at approximately $443,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc bought a new position in FirstService during the fourth quarter valued at about $29,000. Trust Co. of Vermont acquired a new position in shares of FirstService during the 4th quarter valued at about $46,000. Wilmington Savings Fund Society FSB bought a new position in shares of FirstService in the 3rd quarter valued at approximately $53,000. Blue Trust Inc. lifted its holdings in 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 purchasing an additional 446 shares during the last quarter. Finally, Gitterman Wealth Management LLC bought a new stake in FirstService during the fourth quarter worth approximately $201,000. Institutional investors and hedge funds own 69.35% of the company's stock.
FirstService Stock Performance
Shares of NASDAQ FSV traded down $0.87 during trading hours on Thursday, reaching $171.84. The stock had a trading volume of 104,495 shares, compared to its average volume of 108,734. FirstService Co. has a twelve month low of $141.26 and a twelve month high of $197.84. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79. The business's fifty day moving average is $169.85 and its two-hundred day moving average is $179.56. The company has a market cap of $7.81 billion, a price-to-earnings ratio of 57.86 and a beta of 1.04.
FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $0.84 by ($0.05). FirstService had a return on equity of 17.15% and a net margin of 2.58%. As a group, research analysts expect that FirstService Co. will post 5.27 EPS for the current 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 paid a dividend of $0.275 per share. 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%. The ex-dividend date of this dividend was Monday, March 31st. FirstService's dividend payout ratio is currently 37.04%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on FSV shares. Raymond James boosted their price objective on shares of FirstService from $215.00 to $225.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. StockNews.com downgraded FirstService from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. TD Securities boosted their price objective on FirstService from $197.00 to $198.00 and gave the stock a "hold" rating in a research report on Tuesday. Finally, Scotiabank reduced their price target on shares of FirstService from $217.50 to $210.00 and set a "sector perform" rating for the company in a report on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $206.00.
Get Our Latest Analysis 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.
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