Amica Mutual Insurance Co. Has $1.51 Million Stock Position in FirstService Co. (NASDAQ:FSV)

Amica Mutual Insurance Co. boosted its holdings in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 99.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,908 shares of the financial services provider’s stock after buying an additional 4,952 shares during the quarter. Amica Mutual Insurance Co.’s holdings in FirstService were worth $1,510,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. acquired a new position in FirstService in the 4th quarter valued at about $39,000. Spire Wealth Management bought a new position in shares of FirstService during the fourth quarter worth approximately $40,000. Accent Capital Management LLC acquired a new stake in FirstService during the 4th quarter worth approximately $40,000. Blue Trust Inc. boosted its stake 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 period. Finally, Gulf International Bank UK Ltd boosted its stake in FirstService by 25.9% in the 1st quarter. Gulf International Bank UK Ltd now owns 365 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 75 shares during the period. Institutional investors own 69.35% of the company’s stock.

FirstService Price Performance

Shares of NASDAQ FSV traded up $2.06 during mid-day trading on Monday, hitting $177.78. 56,705 shares of the stock traded hands, compared to its average volume of 84,016. The company has a market cap of $7.99 billion, a PE ratio of 87.89 and a beta of 1.05. FirstService Co. has a twelve month low of $134.77 and a twelve month high of $178.23. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.78 and a quick ratio of 2.00. The firm has a 50 day simple moving average of $163.58 and a two-hundred day simple moving average of $159.26.

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

Analyst Upgrades and Downgrades

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

FirstService Company 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.