Fiera Capital Corp Purchases 50,265 Shares of FirstService Co. (NASDAQ:FSV)

Fiera Capital Corp increased its position in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 24.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 258,848 shares of the financial services provider’s stock after purchasing an additional 50,265 shares during the period. Fiera Capital Corp owned approximately 0.57% of FirstService worth $46,839,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in FirstService during the 2nd quarter valued at about $216,000. Creative Planning lifted its holdings in shares of FirstService by 105.1% in the third quarter. Creative Planning now owns 9,273 shares of the financial services provider’s stock valued at $1,692,000 after purchasing an additional 4,752 shares in the last quarter. Baskin Financial Services Inc. boosted its position in shares of FirstService by 0.3% during the third quarter. Baskin Financial Services Inc. now owns 250,491 shares of the financial services provider’s stock valued at $45,737,000 after buying an additional 636 shares during the last quarter. Raymond James & Associates grew its holdings in FirstService by 4.9% during the third quarter. Raymond James & Associates now owns 148,864 shares of the financial services provider’s stock worth $27,162,000 after buying an additional 6,995 shares in the last quarter. Finally, Berry Wealth Group LP raised its position in FirstService by 17.0% in the 3rd quarter. Berry Wealth Group LP now owns 1,695 shares of the financial services provider’s stock valued at $309,000 after buying an additional 246 shares during the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

FirstService Stock Performance

Shares of FSV stock opened at $172.28 on Thursday. FirstService Co. has a 52 week low of $141.26 and a 52 week high of $197.84. The firm’s 50-day simple moving average is $182.21 and its two-hundred day simple moving average is $182.01. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 58.01 and a beta of 1.06. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75.

FirstService Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, March 31st will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from FirstService’s previous quarterly dividend of $0.25. FirstService’s payout ratio is 33.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. TD Securities lifted their price objective on shares of FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Stifel Nicolaus upped their price objective on shares of FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Raymond James lifted their target price on shares of FirstService from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Finally, StockNews.com upgraded FirstService from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $201.67.

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.