Barclays PLC Sells 453 Shares of FirstService Co. (NASDAQ:FSV)

Barclays PLC trimmed its holdings in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 2.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,450 shares of the financial services provider’s stock after selling 453 shares during the period. Barclays PLC’s holdings in FirstService were worth $2,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in FSV. Benjamin Edwards Inc. raised its position in shares of FirstService by 35.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 91 shares in the last quarter. Venturi Wealth Management LLC bought a new position in FirstService in the third quarter worth about $66,000. Benjamin F. Edwards & Company Inc. raised its holdings in FirstService by 49.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 416 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 138 shares in the last quarter. Signaturefd LLC lifted its position in shares of FirstService by 45.3% during the second quarter. Signaturefd LLC now owns 975 shares of the financial services provider’s stock valued at $148,000 after buying an additional 304 shares during the last quarter. Finally, Hardy Reed LLC bought a new stake in shares of FirstService in the 3rd quarter valued at about $217,000. Hedge funds and other institutional investors own 69.35% of the company’s stock.

Analysts Set New Price Targets

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

FirstService Stock Performance

Shares of FSV stock opened at $184.48 on Wednesday. The business has a fifty day moving average of $188.54 and a 200 day moving average of $176.34. FirstService Co. has a 1 year low of $141.26 and a 1 year high of $197.84. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a market capitalization of $8.35 billion, a price-to-earnings ratio of 76.87 and a beta of 1.04.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its earnings results on Thursday, October 24th. The financial services provider reported $1.63 EPS for the quarter, topping 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 the consensus estimate of $1.32 billion. During the same quarter in the previous year, the company posted $1.18 earnings per share. The company’s revenue was up 25.0% compared to the same quarter last year. As a group, research analysts expect that FirstService Co. will post 4.58 earnings per share for the current year.

FirstService Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 0.54%. FirstService’s dividend payout ratio (DPR) is presently 41.67%.

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.