FirstService Co. (NASDAQ:FSV) Stock Position Reduced by Fenimore Asset Management Inc

Fenimore Asset Management Inc decreased its position in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,007 shares of the financial services provider’s stock after selling 499 shares during the quarter. Fenimore Asset Management Inc’s holdings in FirstService were worth $18,103,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FSV. HighTower Advisors LLC lifted its holdings in FirstService by 3.5% in the third quarter. HighTower Advisors LLC now owns 2,932 shares of the financial services provider’s stock worth $533,000 after acquiring an additional 98 shares during the last quarter. Raymond James Trust N.A. grew its holdings in shares of FirstService by 3.2% during the third quarter. Raymond James Trust N.A. now owns 3,523 shares of the financial services provider’s stock valued at $643,000 after purchasing an additional 110 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of FirstService by 49.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 416 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 138 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of 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 purchasing an additional 143 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new position in FirstService during the 4th quarter valued at approximately $29,000. 69.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FSV has been the topic of several analyst reports. Stifel Nicolaus increased their target price on FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Scotiabank increased their price objective on shares of FirstService from $190.00 to $200.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 15th. Raymond James boosted their target price on shares of FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday. StockNews.com upgraded shares of FirstService from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Finally, TD Securities lifted their price target on FirstService from $179.00 to $182.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $201.67.

FirstService Stock Up 0.3 %

FSV stock opened at $185.45 on Friday. The firm’s 50-day moving average is $185.63 and its two-hundred day moving average is $180.55. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 77.27 and a beta of 1.06. FirstService Co. has a 52 week low of $141.26 and a 52 week high of $197.84. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.13.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its earnings results on Thursday, October 24th. The financial services provider reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.21. FirstService had a return on equity of 16.68% and a net margin of 2.19%. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the firm posted $1.18 earnings per share. The firm’s revenue for the quarter was up 25.0% compared to the same quarter last year. On average, analysts forecast that FirstService Co. will post 4.64 earnings per share for the current fiscal year.

FirstService Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Tuesday, December 31st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 0.54%. FirstService’s dividend payout ratio is currently 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.