NBC Securities Inc. Sells 238 Shares of FirstService Co. (NASDAQ:FSV)

NBC Securities Inc. decreased its holdings in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 6.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,674 shares of the financial services provider’s stock after selling 238 shares during the quarter. NBC Securities Inc.’s holdings in FirstService were worth $619,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FSV. Benjamin F. Edwards & Company Inc. bought a new stake in FirstService during the fourth quarter valued at $39,000. Spire Wealth Management bought a new stake in FirstService during the fourth quarter valued at $40,000. Accent Capital Management LLC bought a new stake in FirstService during the fourth quarter valued at $40,000. Security National Bank bought a new stake in FirstService during the fourth quarter valued at $90,000. Finally, Signaturefd LLC boosted its position in FirstService by 20.6% during the fourth quarter. Signaturefd LLC now owns 603 shares of the financial services provider’s stock valued at $98,000 after acquiring an additional 103 shares during the last quarter. Institutional investors own 69.35% of the company’s stock.

FirstService Price Performance

FSV stock opened at $150.99 on Friday. The stock has a market capitalization of $6.79 billion, a PE ratio of 74.75 and a beta of 1.04. The company’s 50-day moving average is $149.44 and its 200-day moving average is $158.78. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.00 and a quick ratio of 2.00. FirstService Co. has a 1 year low of $134.77 and a 1 year high of $171.94.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.13 billion. FirstService had a return on equity of 16.42% and a net margin of 2.02%. Equities research analysts expect that FirstService Co. will post 4.32 EPS for the current fiscal year.

FirstService Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 28th will be issued a $0.25 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.66%. FirstService’s dividend payout ratio is presently 49.51%.

Analysts Set New Price Targets

FSV has been the topic of a number of research analyst reports. Scotiabank initiated coverage on shares of FirstService in a research report on Thursday, April 11th. They set a “sector perform” rating and a $170.00 price target on the stock. BMO Capital Markets upped their price target on shares of FirstService from $193.00 to $196.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, FirstService presently has a consensus rating of “Moderate Buy” and an average price target of $186.60.

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.