Mufg Securities Canada LTD. Sells 5,198 Shares of FirstService Corporation $FSV

Mufg Securities Canada LTD. lowered its position in shares of FirstService Corporation (NASDAQ:FSV) (TSE:FSV) by 7.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 62,642 shares of the financial services provider’s stock after selling 5,198 shares during the period. Mufg Securities Canada LTD.’s holdings in FirstService were worth $9,744,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Truist Financial Corp grew its position in FirstService by 0.9% during the 4th quarter. Truist Financial Corp now owns 8,894 shares of the financial services provider’s stock worth $1,383,000 after acquiring an additional 77 shares during the last quarter. Evergreen Capital Management LLC grew its position in FirstService by 5.6% during the 2nd quarter. Evergreen Capital Management LLC now owns 1,462 shares of the financial services provider’s stock worth $256,000 after acquiring an additional 77 shares during the last quarter. Geneos Wealth Management Inc. grew its position in FirstService by 63.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 79 shares during the last quarter. Parr Mcknight Wealth Management Group LLC grew its position in FirstService by 1.1% during the 3rd quarter. Parr Mcknight Wealth Management Group LLC now owns 7,583 shares of the financial services provider’s stock worth $1,444,000 after acquiring an additional 81 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in FirstService by 88.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 173 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 81 shares during the last quarter. Institutional investors own 69.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. TD Securities set a $204.00 price objective on FirstService in a research report on Friday, April 24th. Stifel Nicolaus reduced their price objective on FirstService from $215.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Loop Capital assumed coverage on FirstService in a research report on Monday, May 4th. They set a “hold” rating and a $140.00 price objective on the stock. Weiss Ratings lowered FirstService from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Finally, Wall Street Zen upgraded FirstService from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $197.22.

FirstService Stock Performance

NASDAQ FSV opened at $143.36 on Monday. The business’s 50-day moving average price is $139.06 and its two-hundred day moving average price is $148.05. FirstService Corporation has a 12 month low of $119.41 and a 12 month high of $209.66. The firm has a market capitalization of $6.59 billion, a PE ratio of 40.50, a price-to-earnings-growth ratio of 4.35 and a beta of 0.95. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.74.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. FirstService had a return on equity of 17.91% and a net margin of 2.92%.The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the company posted $0.92 EPS. The business’s revenue was up 5.3% on a year-over-year basis. On average, analysts expect that FirstService Corporation will post 5.54 EPS for the current year.

FirstService Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 30th will be given a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, June 30th. FirstService’s payout ratio is 34.46%.

FirstService Company Profile

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.