32,700 Shares in FirstService Co. (NASDAQ:FSV) Acquired by Andra AP fonden

Andra AP fonden purchased a new position in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 32,700 shares of the financial services provider’s stock, valued at approximately $4,982,000. Andra AP fonden owned 0.07% of FirstService as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Spire Wealth Management acquired a new position in FirstService during the 4th quarter worth approximately $40,000. Accent Capital Management LLC acquired a new position in FirstService during the 4th quarter worth approximately $40,000. Blue Trust Inc. raised its stake in FirstService by 8,066.7% during the 2nd quarter. Blue Trust Inc. now owns 245 shares of the financial services provider’s stock worth $41,000 after buying an additional 242 shares during the period. Gulf International Bank UK Ltd raised its stake in FirstService by 25.9% during the 1st quarter. Gulf International Bank UK Ltd now owns 365 shares of the financial services provider’s stock worth $60,000 after buying an additional 75 shares during the period. Finally, First Horizon Advisors Inc. raised its stake in FirstService by 40.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 488 shares of the financial services provider’s stock worth $74,000 after buying an additional 141 shares during the period. 69.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FSV has been the subject of a number of recent research reports. TD Securities boosted their price objective on FirstService from $178.00 to $179.00 and gave the stock a “buy” rating in a report on Wednesday. Scotiabank boosted their price objective on FirstService from $175.00 to $190.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th. Royal Bank of Canada boosted their price objective on FirstService from $187.00 to $192.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, BMO Capital Markets boosted their price objective on FirstService from $193.00 to $196.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $189.50.

FirstService Stock Performance

FSV stock opened at $179.08 on Thursday. The firm has a market cap of $8.06 billion, a PE ratio of 88.65 and a beta of 1.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 1.23. The business has a 50 day moving average of $169.95 and a 200-day moving average of $160.38. FirstService Co. has a 12-month low of $134.77 and a 12-month high of $181.23.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its earnings results on Thursday, July 25th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.10. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.28 billion. FirstService had a return on equity of 15.60% and a net margin of 1.73%. FirstService’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.37 earnings per share. As a group, sell-side analysts expect that FirstService Co. will post 4.31 earnings per share for the current year.

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.