FirstService Co. (NASDAQ:FSV) Shares Sold by Dearborn Partners LLC

Dearborn Partners LLC decreased its position in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 73.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,627 shares of the financial services provider’s stock after selling 4,509 shares during the quarter. Dearborn Partners LLC’s holdings in FirstService were worth $297,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. raised its position in FirstService by 8,066.7% in the 2nd quarter. Blue Trust Inc. now owns 245 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 242 shares during the last quarter. Benjamin Edwards Inc. increased its stake in FirstService by 35.0% in the second quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 91 shares during the period. Venturi Wealth Management LLC purchased a new stake in shares of FirstService in the third quarter valued at about $66,000. 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 worth $63,000 after buying an additional 138 shares during the period. Finally, First Horizon Advisors Inc. grew its holdings in shares of FirstService by 40.6% during the second quarter. First Horizon Advisors Inc. now owns 488 shares of the financial services provider’s stock worth $74,000 after buying an additional 141 shares during the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

Wall Street Analyst Weigh In

FSV has been the subject of several analyst reports. StockNews.com raised FirstService from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Stifel Nicolaus upped their price target on FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. TD Securities lifted their price objective on shares of 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 price objective on shares of FirstService from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada raised their target price on shares of FirstService from $187.00 to $192.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.33.

FirstService Trading Up 0.5 %

NASDAQ:FSV opened at $186.16 on Friday. The stock has a market capitalization of $8.40 billion, a price-to-earnings ratio of 77.57 and a beta of 1.05. FirstService Co. has a 1 year low of $141.26 and a 1 year high of $192.71. The stock has a fifty day moving average price of $183.91 and a two-hundred day moving average price of $168.13. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.79 and a current ratio of 1.79.

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. FirstService had a net margin of 2.19% and a return on equity of 16.68%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the firm earned $1.18 earnings per share. The firm’s revenue was up 25.0% on a year-over-year basis. As a group, sell-side analysts anticipate that FirstService Co. will post 4.58 earnings per share for the current fiscal year.

FirstService Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Investors 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 dividend on an annualized basis and a yield of 0.54%. FirstService’s payout ratio is 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.