American Century Companies Inc. Sells 19,036 Shares of FirstService Corporation $FSV

American Century Companies Inc. reduced its holdings in FirstService Corporation (NASDAQ:FSV) (TSE:FSV) by 7.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 233,829 shares of the financial services provider’s stock after selling 19,036 shares during the period. American Century Companies Inc. owned approximately 0.51% of FirstService worth $44,552,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Geneos Wealth Management Inc. boosted its position in shares of FirstService by 63.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 79 shares during the last quarter. Strs Ohio acquired a new stake in shares of FirstService in the 1st quarter valued at approximately $38,000. EverSource Wealth Advisors LLC increased its stake in FirstService by 400.0% in the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 292 shares in the last quarter. Spire Wealth Management grew its holdings in shares of FirstService by 300.0% in the 3rd quarter. Spire Wealth Management now owns 400 shares of the financial services provider’s stock valued at $76,000 after buying an additional 300 shares during the period. Finally, Trust Co. of Vermont raised its stake in FirstService by 70.6% during the 3rd quarter. Trust Co. of Vermont now owns 435 shares of the financial services provider’s stock worth $83,000 after buying an additional 180 shares during the period. Institutional investors own 69.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. TD Securities restated a “buy” rating and issued a $217.00 price target on shares of FirstService in a report on Thursday, February 5th. Weiss Ratings restated a “hold (c+)” rating on shares of FirstService in a research note on Monday, December 22nd. Wall Street Zen raised shares of FirstService from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, BMO Capital Markets restated an “outperform” rating and set a $202.00 target price on shares of FirstService in a report on Thursday, February 5th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $211.67.

FirstService Stock Down 0.7%

NASDAQ FSV opened at $148.81 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.79. The company has a market cap of $6.80 billion, a price-to-earnings ratio of 47.09, a PEG ratio of 4.02 and a beta of 1.05. The company has a 50 day moving average of $156.86 and a 200-day moving average of $168.67. FirstService Corporation has a 1-year low of $146.29 and a 1-year high of $209.66.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings data on Wednesday, February 4th. The financial services provider reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.05. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. FirstService had a return on equity of 18.69% and a net margin of 2.64%.The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.34 EPS. On average, equities research analysts expect that FirstService Corporation will post 5.27 earnings per share for the current fiscal year.

FirstService Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 7th. Shareholders of record on Tuesday, March 31st will be issued a $0.305 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.22 annualized dividend and a yield of 0.8%. This is an increase from FirstService’s previous quarterly dividend of $0.28. FirstService’s payout ratio is 34.81%.

FirstService Profile

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.