FirstService Co. (NASDAQ:FSV) Holdings Cut by Vanguard Group Inc.

Vanguard Group Inc. cut its stake in shares of FirstService Co. (NASDAQ:FSVFree Report) (TSE:FSV) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,578,280 shares of the financial services provider’s stock after selling 4,057 shares during the quarter. Vanguard Group Inc. owned approximately 3.54% of FirstService worth $255,823,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. bought a new position in FirstService during the 4th quarter worth $39,000. Spire Wealth Management bought a new position in shares of FirstService during the fourth quarter worth about $40,000. Security National Bank acquired a new stake in shares of FirstService in the 4th quarter worth about $90,000. Signaturefd LLC lifted its position in FirstService by 20.6% in the 4th quarter. Signaturefd LLC now owns 603 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 103 shares during the last quarter. Finally, Duncker Streett & Co. Inc. boosted its stake in FirstService by 335.8% during the 4th quarter. Duncker Streett & Co. Inc. now owns 706 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 544 shares during the period. 69.35% of the stock is currently owned by institutional investors and hedge funds.

FirstService Price Performance

Shares of NASDAQ:FSV opened at $152.37 on Monday. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 75.43 and a beta of 1.04. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.00 and a quick ratio of 2.00. FirstService Co. has a 12 month low of $134.77 and a 12 month high of $171.94. The stock’s 50 day moving average price is $149.55 and its 200 day moving average price is $158.33.

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 analysts’ consensus estimates of $0.58 by ($0.01). FirstService had a return on equity of 16.42% and a net margin of 2.02%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Equities research analysts anticipate that FirstService Co. will post 4.31 earnings per share for the current fiscal year.

FirstService Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 28th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, June 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.66%. FirstService’s dividend payout ratio (DPR) is 49.50%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FSV shares. BMO Capital Markets lifted their price target on FirstService from $193.00 to $196.00 and gave the company an “outperform” rating in a report on Friday, June 7th. Scotiabank assumed coverage on FirstService in a research note on Thursday, April 11th. They set a “sector perform” rating and a $170.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $186.60.

View Our Latest Research Report on FirstService

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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Institutional Ownership by Quarter for FirstService (NASDAQ:FSV)

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