Crossmark Global Holdings Inc. Raises Holdings in FirstService Co. (NASDAQ:FSV)

Crossmark Global Holdings Inc. boosted its holdings in shares of FirstService Co. (NASDAQ:FSVFree Report) (TSE:FSV) by 12.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,062 shares of the financial services provider’s stock after buying an additional 1,134 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in FirstService were worth $1,631,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. purchased a new position in FirstService during the fourth quarter valued at approximately $39,000. Spire Wealth Management purchased a new position in FirstService during the fourth quarter valued at approximately $40,000. Signaturefd LLC increased its holdings in FirstService by 20.6% during the fourth quarter. Signaturefd LLC now owns 603 shares of the financial services provider’s stock valued at $98,000 after buying an additional 103 shares during the period. Duncker Streett & Co. Inc. increased its holdings in FirstService by 335.8% during the fourth quarter. Duncker Streett & Co. Inc. now owns 706 shares of the financial services provider’s stock valued at $114,000 after buying an additional 544 shares during the period. Finally, Parallel Advisors LLC increased its holdings in FirstService by 26.3% during the fourth quarter. Parallel Advisors LLC now owns 1,192 shares of the financial services provider’s stock valued at $193,000 after buying an additional 248 shares during the period. 69.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FSV has been the topic of several analyst reports. BMO Capital Markets lifted their price target on shares of FirstService from $193.00 to $196.00 and gave the stock an “outperform” rating in a report on Friday. Scotiabank initiated coverage on shares of FirstService in a report on Thursday, April 11th. They issued a “sector perform” rating and a $170.00 price target on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, FirstService has an average rating of “Moderate Buy” and an average target price of $186.60.

View Our Latest Report on FSV

FirstService Trading Up 0.4 %

NASDAQ:FSV opened at $149.98 on Friday. FirstService Co. has a 12 month low of $134.77 and a 12 month high of $171.94. The firm has a fifty day simple moving average of $150.75 and a 200-day simple moving average of $159.10. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $6.74 billion, a P/E ratio of 74.25 and a beta of 1.04.

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

FirstService Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.67%. FirstService’s payout ratio is currently 49.51%.

FirstService Profile

(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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Institutional Ownership by Quarter for FirstService (NASDAQ:FSV)

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