FirstService Co. (NASDAQ:FSV) Shares Purchased by Centaurus Financial Inc.

Centaurus Financial Inc. increased its holdings in shares of FirstService Co. (NASDAQ:FSV – Get Rating) (TSE:FSV) by 5.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,012 shares of the financial services provider’s stock after acquiring an additional 163 shares during the period. Centaurus Financial Inc.’s holdings in FirstService were worth $358,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake in FirstService by 6.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,022,330 shares of the financial services provider’s stock valued at $479,425,000 after buying an additional 226,966 shares in the last quarter. Durable Capital Partners LP lifted its stake in FirstService by 6.8% in the 3rd quarter. Durable Capital Partners LP now owns 3,908,039 shares of the financial services provider’s stock valued at $465,096,000 after buying an additional 247,245 shares in the last quarter. Fred Alger Management LLC lifted its stake in FirstService by 9.4% in the 3rd quarter. Fred Alger Management LLC now owns 1,490,725 shares of the financial services provider’s stock valued at $177,411,000 after buying an additional 127,762 shares in the last quarter. Vanguard Group Inc. lifted its stake in FirstService by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,456,612 shares of the financial services provider’s stock valued at $173,352,000 after buying an additional 33,025 shares in the last quarter. Finally, Conestoga Capital Advisors LLC lifted its stake in FirstService by 1.9% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,328,106 shares of the financial services provider’s stock valued at $158,058,000 after buying an additional 25,300 shares in the last quarter. 72.57% of the stock is currently owned by institutional investors and hedge funds.

FirstService Stock Down 0.7 %

Shares of NASDAQ FSV opened at $135.32 on Friday. The company has a 50 day simple moving average of $139.19 and a 200-day simple moving average of $128.85. The company has a market capitalization of $5.99 billion, a P/E ratio of 49.57 and a beta of 1.06. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.66 and a quick ratio of 1.66. FirstService Co. has a 1 year low of $112.44 and a 1 year high of $148.70.

FirstService (NASDAQ:FSV – Get Rating) (TSE:FSV) last announced its quarterly earnings results on Tuesday, February 7th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.01. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $982.34 million. FirstService had a net margin of 3.23% and a return on equity of 17.24%. On average, equities research analysts predict that FirstService Co. will post 4.5 earnings per share for the current year.

FirstService Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 11th. Investors of record on Friday, March 31st will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Thursday, March 30th. This is an increase from FirstService’s previous quarterly dividend of $0.20. FirstService’s dividend payout ratio (DPR) is 29.67%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FSV shares. Raymond James raised their price target on shares of FirstService from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, January 26th. TD Securities raised their price target on shares of FirstService from $140.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, February 8th. TheStreet raised shares of FirstService from a “c+” rating to a “b-” rating in a research note on Tuesday, February 7th. BMO Capital Markets raised their target price on shares of FirstService from $142.00 to $161.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 8th. Finally, StockNews.com initiated coverage on shares of FirstService in a research note on Thursday. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $154.75.

FirstService Company Profile

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FirstService Corp. engages in the provision of property services. It operates through the FirstService Residential and FirstService Brands segments. The FirstService Residential segment offers residential property management services in North America. The FirstService Brands segment covers residential and commercial customers through both franchise systems, and company-owned operations.