Blair William & Co. IL Increases Stock Position in FirstService Co. (NASDAQ:FSV)

Blair William & Co. IL increased its stake in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 3.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,321 shares of the financial services provider’s stock after purchasing an additional 2,440 shares during the period. Blair William & Co. IL owned approximately 0.16% of FirstService worth $10,715,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FSV. Accent Capital Management LLC purchased a new position in FirstService in the fourth quarter worth about $40,000. Blue Trust Inc. grew its position in FirstService by 8,066.7% during the second quarter. Blue Trust Inc. now owns 245 shares of the financial services provider’s stock valued at $41,000 after buying an additional 242 shares during the period. Gulf International Bank UK Ltd increased its holdings in FirstService by 25.9% during the first quarter. Gulf International Bank UK Ltd now owns 365 shares of the financial services provider’s stock valued at $60,000 after buying an additional 75 shares during the last quarter. First Horizon Advisors Inc. raised its position in FirstService by 40.6% in the second quarter. First Horizon Advisors Inc. now owns 488 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 141 shares during the period. Finally, Security National Bank purchased a new position in shares of FirstService during the 4th quarter worth $90,000. Institutional investors own 69.35% of the company’s stock.

FirstService Stock Up 0.7 %

Shares of FSV opened at $180.38 on Friday. The business’s 50 day moving average is $173.44 and its 200 day moving average is $161.19. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.23. FirstService Co. has a 12-month low of $134.77 and a 12-month high of $182.88. The company has a market capitalization of $8.11 billion, a PE ratio of 89.30 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.10. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.28 billion. FirstService had a net margin of 1.73% and a return on equity of 15.60%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.37 earnings per share. Research analysts expect that FirstService Co. will post 4.32 earnings per share for the current fiscal 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 dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. FirstService’s payout ratio is 49.50%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FSV. BMO Capital Markets raised their target price on FirstService from $193.00 to $196.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. TD Securities raised their price objective on FirstService from $178.00 to $179.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Royal Bank of Canada boosted their price objective on FirstService from $187.00 to $192.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Scotiabank raised their target price on shares of FirstService from $175.00 to $190.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, FirstService presently has an average rating of “Moderate Buy” and a consensus target price of $189.50.

FirstService 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.