FirstService Co. (NASDAQ:FSV) Position Trimmed by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. decreased its holdings in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 21.2% during the second quarter, Holdings Channel.com reports. The firm owned 4,979 shares of the financial services provider’s stock after selling 1,336 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in FirstService were worth $759,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. purchased a new position in FirstService during the fourth quarter valued at approximately $39,000. Spire Wealth Management acquired a new stake in shares of FirstService during the 4th quarter valued at $40,000. Accent Capital Management LLC acquired a new stake in shares of FirstService during the 4th quarter valued at $40,000. Blue Trust Inc. grew its holdings in shares of FirstService by 8,066.7% during the 2nd quarter. Blue Trust Inc. now owns 245 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 242 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in shares of FirstService by 25.9% in the first quarter. Gulf International Bank UK Ltd now owns 365 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 75 shares during the last quarter. 69.35% of the stock is owned by hedge funds and other institutional investors.

FirstService Stock Up 0.2 %

Shares of FSV traded up $0.33 during trading hours on Friday, hitting $175.72. 126,944 shares of the company were exchanged, compared to its average volume of 84,184. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.00 and a current ratio of 1.78. The company has a market cap of $7.90 billion, a PE ratio of 86.99 and a beta of 1.05. The firm’s 50 day moving average is $163.58 and its 200-day moving average is $159.33. FirstService Co. has a 52 week low of $134.77 and a 52 week high of $177.46.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its earnings results on Thursday, July 25th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.10. FirstService had a return on equity of 15.60% and a net margin of 1.73%. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the business earned $1.37 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. On average, equities research analysts forecast that FirstService Co. will post 4.32 EPS for the current fiscal year.

Analysts Set New Price Targets

FSV has been the subject of a number of research reports. Scotiabank lifted their price objective on FirstService from $175.00 to $190.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Royal Bank of Canada lifted their price target on FirstService from $187.00 to $192.00 and gave the company an “outperform” rating in a report on Friday, July 26th. TD Securities boosted their price target on FirstService from $174.00 to $178.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Finally, BMO Capital Markets raised their price objective on shares of FirstService from $193.00 to $196.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $189.33.

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.