FirstService (NASDAQ:FSV) Sees Unusually-High Trading Volume

FirstService Co. (NASDAQ:FSV) (TSE:FSV) shares saw unusually-high trading volume on Wednesday . Approximately 51,981 shares were traded during trading, a decline of 37% from the previous session’s volume of 82,460 shares.The stock last traded at $179.10 and had previously closed at $178.75.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FSV shares. BMO Capital Markets upped their target price on shares of FirstService from $193.00 to $196.00 and gave the stock an “outperform” rating in a research note on Friday, June 7th. Royal Bank of Canada boosted their price target on FirstService from $187.00 to $192.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Scotiabank increased 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. Finally, TD Securities boosted their target price on FirstService from $178.00 to $179.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $189.50.

FirstService Trading Up 0.3 %

The business has a 50-day moving average of $172.53 and a 200-day moving average of $160.93. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market cap of $8.06 billion, a price-to-earnings ratio of 88.49 and a beta of 1.05.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $1.36 EPS for the quarter, beating the consensus estimate of $1.26 by $0.10. FirstService had a return on equity of 15.60% and a net margin of 1.73%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the firm posted $1.37 EPS. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. Research analysts anticipate that FirstService Co. will post 4.32 EPS for the current year.

FirstService Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Monday, September 30th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Monday, September 30th. FirstService’s dividend payout ratio (DPR) is presently 49.50%.

Institutional Trading of FirstService

Several institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its stake in shares of FirstService by 240.9% during the 4th quarter. BNP Paribas Financial Markets now owns 7,773 shares of the financial services provider’s stock worth $1,260,000 after acquiring an additional 5,493 shares during the period. Dimensional Fund Advisors LP boosted its position in FirstService by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 158,577 shares of the financial services provider’s stock worth $25,704,000 after purchasing an additional 2,106 shares during the period. Norges Bank acquired a new position in shares of FirstService in the fourth quarter valued at $82,488,000. Dynamic Technology Lab Private Ltd raised its position in shares of FirstService by 411.5% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 7,621 shares of the financial services provider’s stock valued at $1,235,000 after purchasing an additional 6,131 shares during the period. Finally, Wells Fargo & Company MN lifted its position in FirstService by 11.5% during the fourth quarter. Wells Fargo & Company MN now owns 77,743 shares of the financial services provider’s stock worth $12,606,000 after acquiring an additional 8,030 shares during the last quarter. Institutional investors own 69.35% of the company’s stock.

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.