Fenimore Asset Management Inc Has $16.69 Million Stock Holdings in FirstService Co. (NASDAQ:FSV)

Fenimore Asset Management Inc increased its holdings in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 0.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 100,577 shares of the financial services provider’s stock after acquiring an additional 570 shares during the quarter. Fenimore Asset Management Inc’s holdings in FirstService were worth $16,691,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in FSV. Natixis lifted its position in shares of FirstService by 5,511.1% during the 4th quarter. Natixis now owns 505 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 496 shares during the last quarter. State of Wyoming acquired a new position in shares of FirstService during the 4th quarter worth about $101,000. Gitterman Wealth Management LLC acquired a new position in shares of FirstService during the 4th quarter worth about $201,000. Two Sigma Advisers LP acquired a new position in FirstService in the 4th quarter valued at approximately $201,000. Finally, Versant Capital Management Inc raised its holdings in FirstService by 716.4% in the 1st quarter. Versant Capital Management Inc now owns 1,298 shares of the financial services provider’s stock valued at $215,000 after acquiring an additional 1,139 shares in the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Wall Street Zen cut FirstService from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. TD Securities upped their price target on FirstService from $198.00 to $200.00 and gave the company a “hold” rating in a report on Wednesday, May 7th. Finally, Scotiabank reduced their price objective on FirstService from $217.50 to $210.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $208.40.

FirstService Stock Down 0.2%

NASDAQ:FSV opened at $176.07 on Monday. FirstService Co. has a 12-month low of $148.43 and a 12-month high of $197.84. The company has a quick ratio of 1.79, a current ratio of 1.75 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $8.00 billion, a P/E ratio of 59.28 and a beta of 1.01. The stock’s fifty day simple moving average is $172.02 and its 200-day simple moving average is $176.83.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.08. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.28 billion. FirstService had a return on equity of 17.15% and a net margin of 2.58%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the company earned $0.67 EPS. Equities research analysts expect that FirstService Co. will post 5.27 earnings per share for the current year.

FirstService Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Monday, June 30th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Monday, June 30th. FirstService’s payout ratio is presently 38.06%.

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.