FirstService Co. (NASDAQ:FSV) Stock Position Raised by Pathstone Holdings LLC

Pathstone Holdings LLC increased its position in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 7.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 15,884 shares of the financial services provider’s stock after purchasing an additional 1,087 shares during the period. Pathstone Holdings LLC’s holdings in FirstService were worth $2,898,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in FSV. Millennium Management LLC boosted its holdings in shares of FirstService by 2,136.1% during the second quarter. Millennium Management LLC now owns 209,297 shares of the financial services provider’s stock worth $31,853,000 after purchasing an additional 199,937 shares during the period. The Manufacturers Life Insurance Company lifted its position in FirstService by 6.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,733,694 shares of the financial services provider’s stock worth $415,427,000 after buying an additional 174,970 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of FirstService by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 1,654,783 shares of the financial services provider’s stock valued at $274,363,000 after buying an additional 76,503 shares during the period. Boston Financial Mangement LLC grew its holdings in shares of FirstService by 25.3% during the 3rd quarter. Boston Financial Mangement LLC now owns 246,673 shares of the financial services provider’s stock valued at $45,008,000 after acquiring an additional 49,790 shares in the last quarter. Finally, Conestoga Capital Advisors LLC increased its stake in shares of FirstService by 3.2% in the second quarter. Conestoga Capital Advisors LLC now owns 1,426,851 shares of the financial services provider’s stock worth $217,409,000 after acquiring an additional 44,236 shares during the last quarter. 69.35% of the stock is owned by institutional investors and hedge funds.

FirstService Stock Up 2.4 %

Shares of FirstService stock opened at $197.05 on Tuesday. FirstService Co. has a 12-month low of $141.26 and a 12-month high of $197.84. 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 stock has a 50 day moving average price of $184.82 and a two-hundred day moving average price of $169.77. The stock has a market capitalization of $8.89 billion, a P/E ratio of 82.10 and a beta of 1.05.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.21. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.32 billion. FirstService had a net margin of 2.19% and a return on equity of 16.68%. FirstService’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.18 EPS. Equities analysts expect that FirstService Co. will post 4.58 earnings per share for the current year.

FirstService Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Monday, September 30th. FirstService’s dividend payout ratio is currently 41.67%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FSV shares. Scotiabank boosted their target price on FirstService from $190.00 to $200.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 15th. StockNews.com raised FirstService from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. TD Securities increased their price objective on FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Finally, Stifel Nicolaus lifted their target price on shares of FirstService from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, FirstService has a consensus rating of “Moderate Buy” and a consensus price target of $198.33.

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.