BB&T Securities LLC increased its holdings in FirstService Corp (NASDAQ:FSV) (TSE:FSV) by 9.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 20,375 shares of the financial services provider’s stock after purchasing an additional 1,782 shares during the quarter. BB&T Securities LLC’s holdings in FirstService were worth $1,395,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. William Blair Investment Management LLC increased its position in shares of FirstService by 6.6% during the third quarter. William Blair Investment Management LLC now owns 1,444,422 shares of the financial services provider’s stock worth $122,285,000 after purchasing an additional 89,665 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of FirstService by 6.9% during the third quarter. Neuberger Berman Group LLC now owns 1,075,770 shares of the financial services provider’s stock worth $91,075,000 after purchasing an additional 69,251 shares in the last quarter. Vanguard Group Inc. increased its position in shares of FirstService by 5.2% during the third quarter. Vanguard Group Inc. now owns 849,073 shares of the financial services provider’s stock worth $71,883,000 after purchasing an additional 42,007 shares in the last quarter. Vanguard Group Inc increased its position in shares of FirstService by 5.2% during the third quarter. Vanguard Group Inc now owns 849,073 shares of the financial services provider’s stock worth $71,883,000 after purchasing an additional 42,007 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of FirstService by 3.5% during the fourth quarter. Bank of Montreal Can now owns 758,307 shares of the financial services provider’s stock worth $51,929,000 after purchasing an additional 25,441 shares in the last quarter. 68.73% of the stock is owned by institutional investors.
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A number of equities analysts have recently issued reports on FSV shares. BidaskClub raised FirstService from a “hold” rating to a “buy” rating in a research report on Friday, December 7th. ValuEngine raised shares of FirstService from a “hold” rating to a “buy” rating in a report on Saturday, January 5th. Zacks Investment Research raised shares of FirstService from a “sell” rating to a “hold” rating in a report on Monday, December 3rd. Finally, BMO Capital Markets reissued a “hold” rating and set a $83.00 price objective on shares of FirstService in a report on Wednesday, October 24th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $89.00.
Shares of FSV opened at $87.26 on Friday. The firm has a market cap of $3.02 billion, a PE ratio of 48.48 and a beta of 0.99. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.44 and a current ratio of 1.38. FirstService Corp has a 1-year low of $64.87 and a 1-year high of $90.21.
FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings data on Wednesday, February 6th. The financial services provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.31). The company had revenue of $503.31 million for the quarter, compared to analysts’ expectations of $481.54 million. FirstService had a net margin of 3.41% and a return on equity of 31.55%. FirstService’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period last year, the firm earned $0.49 earnings per share. Sell-side analysts anticipate that FirstService Corp will post 1.97 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 29th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, March 28th. This is a positive change from FirstService’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.69%. FirstService’s payout ratio is 30.00%.
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FirstService Company Profile
FirstService Corporation provides property services to residential and commercial customers in the United States and Canada. The company operates through two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment manages private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.
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