Gulf International Bank UK Ltd Purchases 75 Shares of FirstService Co. (NASDAQ:FSV)

Gulf International Bank UK Ltd lifted its position in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 25.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 365 shares of the financial services provider’s stock after acquiring an additional 75 shares during the quarter. Gulf International Bank UK Ltd’s holdings in FirstService were worth $60,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Accent Capital Management LLC bought a new position in shares of FirstService during the 4th quarter worth $40,000. Goldman Sachs Group Inc. lifted its holdings in FirstService by 245.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 338,104 shares of the financial services provider’s stock worth $54,803,000 after purchasing an additional 240,303 shares in the last quarter. Virtu Financial LLC purchased a new stake in FirstService during the 4th quarter worth about $269,000. Argent Capital Management LLC lifted its holdings in FirstService by 22.2% during the 4th quarter. Argent Capital Management LLC now owns 23,844 shares of the financial services provider’s stock worth $3,865,000 after purchasing an additional 4,325 shares in the last quarter. Finally, LM Advisors LLC purchased a new stake in FirstService during the 4th quarter worth about $15,557,000. Institutional investors own 69.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FSV. Scotiabank began coverage on FirstService in a report on Thursday, April 11th. They set a “sector perform” rating and a $170.00 price objective on the stock. BMO Capital Markets increased 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, FirstService has a consensus rating of “Moderate Buy” and an average price target of $186.60.

FirstService Stock Performance

NASDAQ:FSV opened at $152.77 on Monday. The business’s 50-day moving average price is $149.41 and its two-hundred day moving average price is $158.72. FirstService Co. has a twelve month low of $134.77 and a twelve month high of $171.94. The stock has a market cap of $6.87 billion, a P/E ratio of 75.63 and a beta of 1.04. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.18.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. FirstService had a net margin of 2.02% and a return on equity of 16.42%. As a group, equities analysts predict that FirstService Co. will post 4.32 EPS for the current fiscal year.

FirstService Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 28th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, June 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.65%. FirstService’s dividend payout ratio is 49.51%.

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.