Natixis Advisors LLC Buys 1,068 Shares of FirstService Co. (NASDAQ:FSV)

Natixis Advisors LLC raised its position in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 4.7% during the third quarter, HoldingsChannel reports. The fund owned 23,812 shares of the financial services provider’s stock after acquiring an additional 1,068 shares during the quarter. Natixis Advisors LLC’s holdings in FirstService were worth $4,345,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Benjamin Edwards Inc. lifted its stake in shares of FirstService by 35.0% during 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 during the last quarter. Fifth Third Bancorp lifted its position in shares of FirstService by 20.5% during the second quarter. Fifth Third Bancorp now owns 634 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 108 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of FirstService by 49.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 416 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 138 shares during the period. First Horizon Advisors Inc. grew 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 worth $74,000 after purchasing an additional 141 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its stake in FirstService by 3.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 4,048 shares of the financial services provider’s stock worth $616,000 after buying an additional 143 shares during the period. Hedge funds and other institutional investors own 69.35% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on FSV. Scotiabank boosted their price objective on shares of FirstService from $190.00 to $200.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 15th. TD Securities lifted their price target on shares of 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 FirstService from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus lifted 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 research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $198.33.

FirstService Stock Performance

Shares of FSV stock opened at $192.48 on Friday. The firm has a market cap of $8.69 billion, a price-to-earnings ratio of 80.20 and a beta of 1.05. FirstService Co. has a 52-week low of $141.26 and a 52-week high of $194.24. 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 50 day moving average is $184.82 and its 200 day moving average is $169.51.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its earnings results on Thursday, October 24th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.21. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations 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 quarter last year, the firm earned $1.18 EPS. On average, sell-side analysts anticipate that FirstService Co. will post 4.58 EPS for the current fiscal year.

FirstService Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were paid a $0.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.00 annualized dividend and a yield of 0.52%. FirstService’s dividend payout ratio (DPR) is presently 41.67%.

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.