FirstService Co. (NASDAQ:FSV) Position Increased by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its stake in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 103.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,790 shares of the financial services provider’s stock after purchasing an additional 8,017 shares during the period. BNP Paribas Financial Markets’ holdings in FirstService were worth $2,618,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Mackenzie Financial Corp raised its stake in FirstService by 0.7% during the 4th quarter. Mackenzie Financial Corp now owns 2,381,128 shares of the financial services provider’s stock valued at $385,917,000 after acquiring an additional 16,362 shares in the last quarter. Vanguard Group Inc. raised its stake in FirstService by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,582,337 shares of the financial services provider’s stock valued at $230,293,000 after acquiring an additional 29,482 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in FirstService by 1.1% during the 1st quarter. Conestoga Capital Advisors LLC now owns 1,382,615 shares of the financial services provider’s stock valued at $229,238,000 after acquiring an additional 15,482 shares in the last quarter. CIBC Asset Management Inc raised its stake in FirstService by 1.6% during the 4th quarter. CIBC Asset Management Inc now owns 520,447 shares of the financial services provider’s stock valued at $84,579,000 after acquiring an additional 8,432 shares in the last quarter. Finally, Norges Bank bought a new stake in FirstService during the 4th quarter valued at $82,488,000. Institutional investors own 69.35% of the company’s stock.

FirstService Stock Up 2.4 %

Shares of FSV stock opened at $163.19 on Monday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market cap of $7.34 billion, a PE ratio of 80.79 and a beta of 1.05. The business’s fifty day moving average is $150.58 and its 200-day moving average is $157.85. FirstService Co. has a 1 year low of $134.77 and a 1 year high of $171.94.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its earnings results on Wednesday, April 24th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. FirstService had a return on equity of 16.42% and a net margin of 2.02%. Equities analysts expect that FirstService Co. will post 4.31 earnings per share for the current fiscal year.

FirstService Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 28th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Friday, June 28th. FirstService’s payout ratio is 49.50%.

Analyst Ratings Changes

FSV has been the topic of several recent analyst reports. Scotiabank lifted their target price on FirstService from $170.00 to $175.00 and gave the company a “sector perform” rating in a research note on Friday. BMO Capital Markets lifted their price target on FirstService from $193.00 to $196.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.60.

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.