Aviva PLC Has $5.06 Million Stock Holdings in FirstService Corporation $FSV

Aviva PLC increased its position in FirstService Corporation (NASDAQ:FSV) (TSE:FSV) by 9.8% during the second quarter, Holdings Channel reports. The firm owned 28,972 shares of the financial services provider’s stock after buying an additional 2,578 shares during the quarter. Aviva PLC’s holdings in FirstService were worth $5,055,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in FirstService by 1.2% during the first quarter. Vanguard Group Inc. now owns 1,815,548 shares of the financial services provider’s stock worth $301,051,000 after buying an additional 20,872 shares during the last quarter. Orbis Allan Gray Ltd boosted its stake in shares of FirstService by 18.8% during the 1st quarter. Orbis Allan Gray Ltd now owns 1,417,190 shares of the financial services provider’s stock worth $235,183,000 after acquiring an additional 224,125 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of FirstService by 2.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 671,431 shares of the financial services provider’s stock worth $111,424,000 after acquiring an additional 15,334 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of FirstService by 27.8% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 533,385 shares of the financial services provider’s stock worth $88,459,000 after acquiring an additional 115,898 shares during the last quarter. Finally, William Blair Investment Management LLC raised its stake in FirstService by 1.1% in the 2nd quarter. William Blair Investment Management LLC now owns 511,487 shares of the financial services provider’s stock valued at $89,316,000 after acquiring an additional 5,542 shares during the period. Institutional investors own 69.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FSV shares. Scotiabank raised shares of FirstService from a “sector perform” rating to a “sector outperform” rating and reduced their price objective for the stock from $220.00 to $205.00 in a research report on Friday, October 24th. Stifel Nicolaus decreased their price target on shares of FirstService from $230.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, October 27th. Wall Street Zen cut shares of FirstService from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. BMO Capital Markets set a $209.00 price objective on FirstService and gave the stock an “outperform” rating in a report on Friday, October 24th. Finally, CIBC decreased their target price on FirstService from $225.00 to $216.00 and set an “outperform” rating on the stock in a research report on Friday, October 24th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, FirstService has a consensus rating of “Moderate Buy” and an average target price of $211.83.

FirstService Trading Down 0.2%

Shares of FSV stock opened at $156.35 on Thursday. The stock has a 50 day simple moving average of $182.37 and a 200 day simple moving average of $182.85. FirstService Corporation has a 1 year low of $149.13 and a 1 year high of $209.66. The company has a current ratio of 1.73, a quick ratio of 1.76 and a debt-to-equity ratio of 0.90. The stock has a market cap of $7.15 billion, a P/E ratio of 51.77 and a beta of 0.99.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $1.76 earnings per share for the quarter, meeting the consensus estimate of $1.76. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.47 billion. FirstService had a return on equity of 17.98% and a net margin of 2.53%.The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.63 EPS. On average, research analysts predict that FirstService Corporation will post 5.27 earnings per share for the current fiscal year.

FirstService Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Tuesday, September 30th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, September 30th. FirstService’s payout ratio is 36.42%.

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.