Versant Capital Management Inc Buys New Position in FirstService Co. (NASDAQ:FSV)

Versant Capital Management Inc bought a new stake in FirstService Co. (NASDAQ:FSV) (TSE:FSV) during the 4th quarter, Holdings Channel.com reports. The firm bought 159 shares of the financial services provider’s stock, valued at approximately $29,000.

A number of other large investors have also recently bought and sold shares of FSV. Benjamin Edwards Inc. raised its holdings in FirstService by 35.0% during the second quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 91 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of FirstService during the 3rd quarter worth approximately $53,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of FirstService by 49.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 416 shares of the financial services provider’s stock valued at $63,000 after buying an additional 138 shares during the last quarter. Venturi Wealth Management LLC bought a new position in shares of FirstService in the third quarter valued at $66,000. Finally, Sanctuary Advisors LLC acquired a new position in FirstService during the second quarter worth $216,000. Institutional investors and hedge funds own 69.35% of the company’s stock.

Analyst Upgrades and Downgrades

FSV has been the subject of a number of analyst reports. StockNews.com raised shares of FirstService from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Scotiabank boosted their price target on FirstService from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 15th. TD Securities lifted their target price on FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. Finally, Stifel Nicolaus boosted their target price on FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.33.

FirstService Stock Down 0.8 %

FSV opened at $178.00 on Wednesday. The stock has a fifty day moving average of $187.34 and a 200-day moving average of $178.44. The company has a market capitalization of $8.06 billion, a P/E ratio of 74.17 and a beta of 1.04. FirstService Co. has a fifty-two week low of $141.26 and a fifty-two week high of $197.84. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.79 and a current ratio of 1.79.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.21. FirstService had a net margin of 2.19% and a return on equity of 16.68%. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the firm posted $1.18 EPS. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. On average, equities analysts expect that FirstService Co. will post 4.58 EPS for the current year.

FirstService Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 31st were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 0.56%. FirstService’s dividend payout ratio is presently 41.67%.

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.