Swiss National Bank Decreases Holdings in FirstService Co. (NASDAQ:FSV)

Swiss National Bank reduced its stake in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 2.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 130,600 shares of the financial services provider’s stock after selling 3,900 shares during the quarter. Swiss National Bank’s holdings in FirstService were worth $21,196,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of FirstService by 18.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 352,941 shares of the financial services provider’s stock valued at $51,333,000 after buying an additional 55,095 shares during the period. Quadrature Capital Ltd increased its holdings in FirstService by 30.1% in the 3rd quarter. Quadrature Capital Ltd now owns 233,700 shares of the financial services provider’s stock worth $34,237,000 after acquiring an additional 54,000 shares during the last quarter. Royal Bank of Canada raised its stake in FirstService by 8.2% in the 3rd quarter. Royal Bank of Canada now owns 699,088 shares of the financial services provider’s stock valued at $101,744,000 after acquiring an additional 53,041 shares during the period. American Century Companies Inc. lifted its holdings in FirstService by 7.8% during the third quarter. American Century Companies Inc. now owns 462,391 shares of the financial services provider’s stock valued at $67,267,000 after purchasing an additional 33,438 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of FirstService by 1.9% in the third quarter. Vanguard Group Inc. now owns 1,582,337 shares of the financial services provider’s stock worth $230,293,000 after purchasing an additional 29,482 shares in the last quarter. Institutional investors own 69.35% of the company’s stock.

FirstService Trading Up 0.2 %

Shares of FSV stock opened at $151.04 on Thursday. The company has a market capitalization of $6.79 billion, a PE ratio of 74.77 and a beta of 1.01. FirstService Co. has a 52-week low of $134.77 and a 52-week high of $171.94. The business’s fifty day moving average is $159.13 and its 200 day moving average is $158.80. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.00 and a current ratio of 2.00.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). FirstService had a net margin of 2.02% and a return on equity of 16.42%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. On average, equities research analysts anticipate that FirstService Co. will post 4.38 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on FSV shares. TheStreet cut shares of FirstService from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. Scotiabank began coverage on FirstService in a report on Thursday, April 11th. They issued a “sector perform” rating and a $170.00 price target for the company. BMO Capital Markets reduced their price target on FirstService from $196.00 to $193.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Raymond James increased their price objective on FirstService from $185.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Finally, StockNews.com lowered FirstService from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $186.00.

FirstService 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.