FirstService Co. (NASDAQ:FSV) Shares Sold by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC trimmed its position in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 3.3% in the 3rd quarter, Holdings Channel reports. The firm owned 2,400 shares of the financial services provider’s stock after selling 83 shares during the period. NorthCrest Asset Manangement LLC’s holdings in FirstService were worth $438,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its holdings in shares of FirstService by 68.0% during the first quarter. Toronto Dominion Bank now owns 68,856 shares of the financial services provider’s stock worth $11,416,000 after buying an additional 27,871 shares in the last quarter. Norden Group LLC purchased a new stake in FirstService during the 1st quarter valued at about $862,000. Amica Mutual Insurance Co. raised its holdings in FirstService by 99.9% in the 2nd quarter. Amica Mutual Insurance Co. now owns 9,908 shares of the financial services provider’s stock valued at $1,510,000 after acquiring an additional 4,952 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in FirstService by 103.1% in the 1st quarter. BNP Paribas Financial Markets now owns 15,790 shares of the financial services provider’s stock worth $2,618,000 after purchasing an additional 8,017 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of FirstService by 21.5% during the 1st quarter. Russell Investments Group Ltd. now owns 20,592 shares of the financial services provider’s stock worth $3,414,000 after purchasing an additional 3,644 shares during the last quarter. 69.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com upgraded FirstService from a “hold” rating to a “buy” rating in a research report on Friday. Stifel Nicolaus lifted their price target on FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 21st. TD Securities upped their price objective on shares of FirstService from $179.00 to $182.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Royal Bank of Canada lifted their target price on shares of FirstService from $187.00 to $192.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, Scotiabank increased their price target on shares of FirstService from $190.00 to $200.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $198.33.

FirstService Trading Up 0.0 %

Shares of FSV stock opened at $189.69 on Monday. FirstService Co. has a 1-year low of $134.77 and a 1-year high of $192.71. The firm has a market cap of $8.56 billion, a PE ratio of 105.97 and a beta of 1.05. The company has a 50-day moving average of $180.92 and a two-hundred day moving average of $164.59. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.84 and a quick ratio of 1.84.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its earnings results on Thursday, October 24th. The financial services provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.21. FirstService had a net margin of 1.73% and a return on equity of 15.60%. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the firm earned $1.18 EPS. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. On average, analysts predict that FirstService Co. will post 4.35 EPS for the current year.

FirstService Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were issued a $0.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 0.53%. FirstService’s dividend payout ratio is presently 55.87%.

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.