FirstService Co. (NASDAQ:FSV) Stock Position Lessened by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in FirstService Co. (NASDAQ:FSVGet Rating) (TSE:FSV) by 1.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 5,900 shares of the financial services provider’s stock after selling 100 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in FirstService were worth $1,188,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Horizon Advisors Inc. grew its stake in shares of FirstService by 372.0% in the first quarter. First Horizon Advisors Inc. now owns 236 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 186 shares in the last quarter. Power Corp of Canada bought a new position in FirstService during the first quarter valued at about $60,000. EverSource Wealth Advisors LLC bought a new position in FirstService during the second quarter valued at about $60,000. Canada Pension Plan Investment Board bought a new position in FirstService during the first quarter valued at about $116,000. Finally, Captrust Financial Advisors boosted its stake in FirstService by 34.4% during the first quarter. Captrust Financial Advisors now owns 872 shares of the financial services provider’s stock valued at $127,000 after buying an additional 223 shares in the last quarter. Institutional investors own 64.18% of the company’s stock.

FirstService Trading Up 0.9 %

NASDAQ:FSV opened at $123.99 on Monday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.82. FirstService Co. has a 1-year low of $112.44 and a 1-year high of $201.43. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of 48.25 and a beta of 0.98. The stock has a fifty day simple moving average of $122.56 and a 200 day simple moving average of $124.71.

FirstService (NASDAQ:FSVGet Rating) (TSE:FSV) last released its quarterly earnings results on Wednesday, October 26th. The financial services provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). FirstService had a net margin of 3.18% and a return on equity of 15.37%. The company had revenue of $960.46 million during the quarter, compared to analyst estimates of $941.44 million. Sell-side analysts forecast that FirstService Co. will post 3.93 earnings per share for the current year.

FirstService Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 7th. Investors of record on Friday, September 30th were given a $0.2025 dividend. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 0.65%. FirstService’s dividend payout ratio (DPR) is 31.52%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FSV shares. TD Securities decreased their target price on FirstService from $145.00 to $140.00 and set a “hold” rating for the company in a research note on Thursday, July 28th. StockNews.com started coverage on FirstService in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, FirstService presently has a consensus rating of “Hold” and an average price target of $152.67.

FirstService Profile

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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. The company operates in two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment offers property management 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.

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Institutional Ownership by Quarter for FirstService (NASDAQ:FSV)

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