FirstService Co. (NASDAQ:FSV) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its position in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 10.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,891 shares of the financial services provider’s stock after acquiring an additional 538 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in FirstService were worth $950,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in FSV. Exchange Traded Concepts LLC increased its holdings in FirstService by 126.6% in the third quarter. Exchange Traded Concepts LLC now owns 392 shares of the financial services provider’s stock valued at $57,000 after buying an additional 219 shares in the last quarter. Power Corp of Canada purchased a new position in FirstService in the first quarter valued at about $60,000. Signaturefd LLC increased its stake in shares of FirstService by 28.5% during the 3rd quarter. Signaturefd LLC now owns 500 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 111 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new position in shares of FirstService during the 3rd quarter worth approximately $85,000. Finally, Lazard Asset Management LLC increased its stake in shares of FirstService by 14.5% during the 3rd quarter. Lazard Asset Management LLC now owns 759 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

FirstService Stock Down 0.4 %

Shares of FSV opened at $154.18 on Monday. The firm has a market cap of $6.93 billion, a PE ratio of 68.83 and a beta of 0.97. The company’s fifty day moving average is $164.41 and its two-hundred day moving average is $158.02. FirstService Co. has a fifty-two week low of $134.77 and a fifty-two week high of $171.94. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.15.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.04). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. FirstService had a net margin of 2.32% and a return on equity of 17.56%. Analysts forecast that FirstService Co. will post 4.69 earnings per share for the current year.

FirstService Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 29th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from FirstService’s previous quarterly dividend of $0.23. FirstService’s dividend payout ratio (DPR) is 44.64%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FSV. TheStreet cut shares of FirstService from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. BMO Capital Markets dropped their price objective on shares of FirstService from $196.00 to $193.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. StockNews.com cut shares of FirstService from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Raymond James lifted their target price on shares of FirstService from $185.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $187.00 target price on shares of FirstService in a research note on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $177.86.

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.