Versant Capital Management Inc Invests $29,000 in FirstService Co. (NASDAQ:FSV)

Versant Capital Management Inc bought a new position in FirstService Co. (NASDAQ:FSVFree Report) (TSE:FSV) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 159 shares of the financial services provider’s stock, valued at approximately $29,000.

Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp increased its position in FirstService by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 38,594 shares of the financial services provider’s stock valued at $5,881,000 after acquiring an additional 953 shares in the last quarter. Andra AP fonden acquired a new stake in shares of FirstService in the second quarter valued at approximately $4,982,000. DekaBank Deutsche Girozentrale raised its position in FirstService by 13.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 6,856 shares of the financial services provider’s stock worth $1,029,000 after purchasing an additional 816 shares during the last quarter. William Blair Investment Management LLC boosted its position in FirstService by 0.8% in the 2nd quarter. William Blair Investment Management LLC now owns 861,871 shares of the financial services provider’s stock valued at $131,323,000 after buying an additional 6,863 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of FirstService by 3.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 12,106 shares of the financial services provider’s stock valued at $1,845,000 after buying an additional 430 shares during the period. 69.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Research Report on FSV

FirstService Trading Down 0.8 %

Shares of NASDAQ FSV opened at $178.00 on Wednesday. FirstService Co. has a twelve month low of $141.26 and a twelve month high of $197.84. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 74.17 and a beta of 1.04. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.13. The company’s fifty day moving average is $187.34 and its 200-day moving average is $178.44.

FirstService (NASDAQ:FSVGet Free Report) (TSE:FSV) last posted its earnings results 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 return on equity of 16.68% and a net margin of 2.19%. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the firm earned $1.18 earnings per share. The company’s revenue was up 25.0% on a year-over-year basis. Equities research analysts predict that FirstService Co. will post 4.58 EPS for the current year.

FirstService Dividend Announcement

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

FirstService Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for FirstService (NASDAQ:FSV)

Receive News & Ratings for FirstService Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstService and related companies with MarketBeat.com's FREE daily email newsletter.