Personal CFO Solutions LLC Sells 103 Shares of FirstService Co. (NASDAQ:FSV)

Personal CFO Solutions LLC reduced its stake in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 5.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,665 shares of the financial services provider’s stock after selling 103 shares during the period. Personal CFO Solutions LLC’s holdings in FirstService were worth $301,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc bought a new position in shares of FirstService in the fourth quarter worth about $29,000. Trust Co. of Vermont bought a new position in shares of FirstService in the fourth quarter worth about $46,000. Wilmington Savings Fund Society FSB bought a new position in shares of FirstService in the third quarter worth about $53,000. Venturi Wealth Management LLC bought a new position in shares of FirstService in the third quarter worth about $66,000. Finally, Blue Trust Inc. increased its stake in shares of FirstService by 158.2% in the fourth quarter. Blue Trust Inc. now owns 728 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 446 shares during the period. 69.35% of the stock is currently owned by institutional investors.

FirstService Stock Down 2.8 %

FSV stock opened at $166.00 on Tuesday. FirstService Co. has a twelve month low of $141.26 and a twelve month high of $197.84. The company has a market cap of $7.54 billion, a PE ratio of 55.89 and a beta of 1.12. The business’s 50-day simple moving average is $178.15 and its 200 day simple moving average is $182.50. The company has a quick ratio of 1.79, a current ratio of 1.75 and a debt-to-equity ratio of 1.09.

FirstService Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Monday, March 31st will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from FirstService’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 0.66%. FirstService’s dividend payout ratio (DPR) is 37.04%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FSV shares. StockNews.com lowered FirstService from a “buy” rating to a “hold” rating in a research note on Friday. Raymond James lifted their price objective on FirstService from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $201.67.

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.