Thrivent Financial for Lutherans Decreases Holdings in FirstService Co. (NASDAQ:FSV)

Thrivent Financial for Lutherans reduced its position in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 41.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,082 shares of the financial services provider’s stock after selling 5,098 shares during the period. Thrivent Financial for Lutherans’ holdings in FirstService were worth $1,293,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Cetera Advisors LLC purchased a new position in FirstService during the 1st quarter valued at about $311,000. DekaBank Deutsche Girozentrale increased its stake in shares of FirstService by 2.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,040 shares of the financial services provider’s stock worth $998,000 after purchasing an additional 149 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of FirstService during the 2nd quarter worth approximately $262,000. JCIC Asset Management Inc. purchased a new stake in FirstService in the 2nd quarter valued at approximately $3,186,000. Finally, NorthCrest Asset Manangement LLC grew its holdings in FirstService by 18.0% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 2,483 shares of the financial services provider’s stock valued at $378,000 after buying an additional 378 shares during the last quarter. 69.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

FirstService Price Performance

FSV opened at $194.19 on Monday. 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 quick ratio of 1.79 and a current ratio of 1.79. The company’s 50 day simple moving average is $186.31 and its 200 day simple moving average is $171.21. The stock has a market capitalization of $8.76 billion, a PE ratio of 80.91 and a beta of 1.05.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings data 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. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.32 billion. FirstService had a return on equity of 16.68% and a net margin of 2.19%. The business’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.18 EPS. As a group, sell-side analysts expect that FirstService Co. will post 4.58 EPS for the current year.

FirstService Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were paid 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%.

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.