LPL Financial LLC Has $1.79 Million Stake in FirstService Corporation $FSV

LPL Financial LLC raised its position in FirstService Corporation (NASDAQ:FSV) (TSE:FSV) by 11.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 10,807 shares of the financial services provider’s stock after purchasing an additional 1,100 shares during the period. LPL Financial LLC’s holdings in FirstService were worth $1,793,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Natixis lifted its position in shares of FirstService by 5,511.1% in the 4th quarter. Natixis now owns 505 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 496 shares during the period. Spire Wealth Management lifted its stake in FirstService by 52.1% in the first quarter. Spire Wealth Management now owns 543 shares of the financial services provider’s stock valued at $90,000 after buying an additional 186 shares during the period. State of Wyoming acquired a new position in FirstService in the fourth quarter valued at approximately $101,000. Fifth Third Bancorp lifted its stake in FirstService by 23.0% in the first quarter. Fifth Third Bancorp now owns 769 shares of the financial services provider’s stock valued at $128,000 after buying an additional 144 shares during the period. Finally, Two Sigma Advisers LP acquired a new position in FirstService in the fourth quarter valued at approximately $201,000. Institutional investors and hedge funds own 69.35% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FSV. TD Securities boosted their price target on FirstService from $200.00 to $211.00 and gave the company a “hold” rating in a research note on Friday, July 25th. Scotiabank boosted their price target on FirstService from $210.00 to $220.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 30th. Finally, Wall Street Zen raised FirstService from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, FirstService presently has an average rating of “Moderate Buy” and a consensus price target of $217.75.

FirstService Trading Down 0.5%

NASDAQ FSV opened at $199.32 on Thursday. The firm has a market capitalization of $9.08 billion, a P/E ratio of 63.88 and a beta of 0.95. The business has a fifty day simple moving average of $185.08 and a 200 day simple moving average of $176.72. FirstService Corporation has a 12 month low of $153.13 and a 12 month high of $201.67. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.99.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings results on Thursday, July 24th. The financial services provider reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.26. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.40 billion. FirstService had a return on equity of 18.24% and a net margin of 2.61%.FirstService’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.36 EPS. On average, analysts predict that FirstService Corporation will post 5.27 EPS for the current fiscal year.

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.