Creative Planning Has $1.69 Million Stock Holdings in FirstService Co. (NASDAQ:FSV)

Creative Planning grew its stake in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 105.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,273 shares of the financial services provider’s stock after purchasing an additional 4,752 shares during the period. Creative Planning’s holdings in FirstService were worth $1,692,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Benjamin Edwards Inc. boosted its position in shares of FirstService by 35.0% during the second quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider’s stock valued at $53,000 after buying an additional 91 shares during the last quarter. Fifth Third Bancorp boosted its holdings in FirstService by 20.5% during the 2nd quarter. Fifth Third Bancorp now owns 634 shares of the financial services provider’s stock worth $97,000 after acquiring an additional 108 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake 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 worth $63,000 after acquiring an additional 138 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of FirstService by 40.6% in the second quarter. First Horizon Advisors Inc. now owns 488 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 141 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its position in shares of FirstService by 3.7% during the second quarter. Public Sector Pension Investment Board now owns 4,048 shares of the financial services provider’s stock valued at $616,000 after purchasing an additional 143 shares in the last quarter. Institutional investors own 69.35% of the company’s stock.

FirstService Stock Up 1.3 %

Shares of NASDAQ FSV opened at $190.85 on Wednesday. The business has a 50-day simple moving average of $181.52 and a two-hundred day simple moving average of $165.09. FirstService Co. has a 52 week low of $137.94 and a 52 week high of $192.71. The company has a market cap of $8.58 billion, a P/E ratio of 94.48 and a beta of 1.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 1.23.

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

FirstService Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 0.52%. FirstService’s payout ratio is currently 49.50%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Stifel Nicolaus upped their target price on FirstService from $200.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 21st. StockNews.com raised FirstService from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. TD Securities boosted their price target on shares of FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Royal Bank of Canada raised their price objective on shares of FirstService from $187.00 to $192.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, Scotiabank lifted their price objective on shares of FirstService from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $198.33.

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.