FirstService Co. (NASDAQ:FSV) Shares Sold by Fenimore Asset Management Inc

Fenimore Asset Management Inc decreased its holdings in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,007 shares of the financial services provider’s stock after selling 499 shares during the quarter. Fenimore Asset Management Inc owned approximately 0.22% of FirstService worth $18,103,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of FirstService by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 164,183 shares of the financial services provider’s stock worth $25,017,000 after buying an additional 3,048 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in shares of FirstService by 49.6% in 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. Sei Investments Co. lifted its stake in shares of FirstService by 160.3% in the 2nd quarter. Sei Investments Co. now owns 6,181 shares of the financial services provider’s stock valued at $942,000 after purchasing an additional 3,806 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of FirstService by 3.7% during 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 period. Finally, Cubist Systematic Strategies LLC increased its position in FirstService by 33.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 17,253 shares of the financial services provider’s stock worth $2,628,000 after purchasing an additional 4,318 shares in the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

Wall Street Analyst Weigh In

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

FirstService Stock Performance

NASDAQ:FSV opened at $185.45 on Friday. The firm has a 50-day moving average of $185.63 and a two-hundred day moving average of $180.55. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market cap of $8.40 billion, a P/E ratio of 77.27 and a beta of 1.06. FirstService Co. has a 1-year low of $141.26 and a 1-year high of $197.84.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.63 EPS for the quarter, beating 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 quarter in the prior year, the business posted $1.18 earnings per share. FirstService’s revenue for the quarter was up 25.0% on a year-over-year basis. On average, research analysts expect that FirstService Co. will post 4.64 earnings per share for the current fiscal year.

FirstService Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Tuesday, December 31st. FirstService’s dividend payout ratio (DPR) is currently 41.67%.

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.