2,283 Shares in FirstService Co. (NASDAQ:FSV) Purchased by Stevens Capital Management LP

Stevens Capital Management LP purchased a new stake in FirstService Co. (NASDAQ:FSV) (TSE:FSV) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,283 shares of the financial services provider’s stock, valued at approximately $370,000.

Other large investors have also recently modified their holdings of the company. Prime Capital Investment Advisors LLC purchased a new position in FirstService in the fourth quarter worth $2,868,000. Raymond James & Associates raised its holdings in shares of FirstService by 6.2% during the 4th quarter. Raymond James & Associates now owns 118,713 shares of the financial services provider’s stock valued at $19,242,000 after buying an additional 6,895 shares in the last quarter. Vanguard Group Inc. lifted its position in FirstService by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,582,337 shares of the financial services provider’s stock worth $230,293,000 after buying an additional 29,482 shares during the last quarter. Bank of Nova Scotia lifted its position in FirstService by 4.0% in the 3rd quarter. Bank of Nova Scotia now owns 349,586 shares of the financial services provider’s stock worth $50,848,000 after buying an additional 13,320 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in FirstService by 7.8% in the third quarter. American Century Companies Inc. now owns 462,391 shares of the financial services provider’s stock worth $67,267,000 after buying an additional 33,438 shares in the last quarter. Institutional investors own 69.35% of the company’s stock.

FirstService Stock Down 1.2 %

Shares of NASDAQ FSV traded down $1.82 during trading on Friday, reaching $149.80. The company had a trading volume of 82,212 shares, compared to its average volume of 78,240. FirstService Co. has a 12-month low of $134.77 and a 12-month high of $171.94. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.15. The business’s 50-day moving average is $161.87 and its 200 day moving average is $158.30. The stock has a market cap of $6.74 billion, a PE ratio of 75.27 and a beta of 0.97.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced 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). The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. FirstService had a net margin of 2.02% and a return on equity of 16.58%. As a group, equities analysts forecast that FirstService Co. will post 4.6 earnings per share for the current fiscal year.

FirstService Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 29th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Wednesday, March 27th. This is an increase from FirstService’s previous quarterly dividend of $0.23. FirstService’s payout ratio is 49.51%.

Wall Street Analysts Forecast Growth

FSV has been the subject of several analyst reports. Scotiabank initiated coverage on shares of FirstService in a research report on Thursday, April 11th. They set a “sector perform” rating and a $170.00 price target for the company. Royal Bank of Canada restated an “outperform” rating and issued a $187.00 target price on shares of FirstService in a report on Wednesday, February 7th. TheStreet downgraded shares of FirstService from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. BMO Capital Markets dropped their price target on shares of FirstService from $196.00 to $193.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Finally, Raymond James boosted their price objective on shares of FirstService from $185.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.86.

About FirstService

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.