FirstService Co. (NASDAQ:FSV) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP grew its position in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 10.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,774 shares of the financial services provider’s stock after purchasing an additional 1,410 shares during the period. Quantinno Capital Management LP’s holdings in FirstService were worth $2,674,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FSV. Trust Co. of Vermont acquired a new stake in FirstService during the fourth quarter worth $46,000. Natixis boosted its holdings in FirstService by 5,511.1% in the fourth quarter. Natixis now owns 505 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 496 shares during the period. Blue Trust Inc. boosted its holdings in FirstService by 158.2% in the fourth quarter. Blue Trust Inc. now owns 728 shares of the financial services provider’s stock valued at $133,000 after purchasing an additional 446 shares during the period. Gitterman Wealth Management LLC purchased a new stake in FirstService during the 4th quarter worth about $201,000. Finally, Congress Asset Management Co. purchased a new stake in FirstService during the 4th quarter worth about $232,000. 69.35% of the stock is owned by institutional investors and hedge funds.

FirstService Price Performance

Shares of NASDAQ:FSV opened at $176.34 on Wednesday. The business’s fifty day moving average price is $170.52 and its two-hundred day moving average price is $178.01. The stock has a market cap of $8.01 billion, a PE ratio of 59.37 and a beta of 1.04. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75. FirstService Co. has a one year low of $141.26 and a one year high of $197.84.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.08. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.28 billion. FirstService had a return on equity of 17.15% and a net margin of 2.58%. FirstService’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 EPS. On average, analysts forecast that FirstService Co. will post 5.27 EPS for the current fiscal year.

FirstService Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Monday, June 30th. FirstService’s dividend payout ratio (DPR) is 38.06%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. StockNews.com downgraded FirstService from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. TD Securities boosted their target price on FirstService from $198.00 to $200.00 and gave the stock a “hold” rating in a research report on Wednesday, May 7th. Raymond James raised their price objective on FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, Scotiabank dropped their price objective on FirstService from $217.50 to $210.00 and set a “sector perform” rating for the company in a research note on Thursday, April 17th. Three 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 company presently has a consensus rating of “Moderate Buy” and an average price target of $206.33.

FirstService Company 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.