Dimensional Fund Advisors LP Acquires 3,332 Shares of FirstService Co. (NASDAQ:FSV)

Dimensional Fund Advisors LP lifted its holdings in shares of FirstService Co. (NASDAQ:FSV – Get Rating) (TSE:FSV) by 2.3% during the 3rd quarter, Holdings Channel reports. The firm owned 146,556 shares of the financial services provider’s stock after purchasing an additional 3,332 shares during the quarter. Dimensional Fund Advisors LP’s holdings in FirstService were worth $17,442,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FSV. Citigroup Inc. boosted its position in shares of FirstService by 658.5% during the 1st quarter. Citigroup Inc. now owns 2,723 shares of the financial services provider’s stock valued at $395,000 after purchasing an additional 2,364 shares in the last quarter. Natixis Advisors L.P. bought a new position in FirstService in the first quarter worth approximately $1,987,000. BlackRock Inc. boosted its holdings in FirstService by 1.3% in the first quarter. BlackRock Inc. now owns 15,513 shares of the financial services provider’s stock worth $2,248,000 after acquiring an additional 192 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in FirstService by 45.0% in the first quarter. Raymond James Trust N.A. now owns 3,144 shares of the financial services provider’s stock worth $455,000 after acquiring an additional 976 shares in the last quarter. Finally, Blair William & Co. IL boosted its holdings in FirstService by 15.1% in the first quarter. Blair William & Co. IL now owns 24,774 shares of the financial services provider’s stock worth $3,589,000 after acquiring an additional 3,250 shares in the last quarter. Institutional investors own 72.57% of the company’s stock.

FirstService Stock Down 0.6 %

FSV stock opened at $136.29 on Wednesday. FirstService Co. has a twelve month low of $112.44 and a twelve month high of $148.70. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.81. The stock’s 50 day moving average is $137.37 and its 200-day moving average is $128.53. The firm has a market capitalization of $6.03 billion, a PE ratio of 49.92 and a beta of 1.06.

FirstService (NASDAQ:FSV – Get Rating) (TSE:FSV) last issued its quarterly earnings results on Tuesday, February 7th. The financial services provider reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.01. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $982.34 million. FirstService had a return on equity of 17.24% and a net margin of 3.23%. Sell-side analysts expect that FirstService Co. will post 4.58 EPS for the current fiscal year.

FirstService Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 11th. Investors of record on Friday, March 31st will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.66%. This is an increase from FirstService’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, March 30th. FirstService’s dividend payout ratio (DPR) is presently 32.97%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. TheStreet upgraded FirstService from a “c+” rating to a “b-” rating in a report on Tuesday, February 7th. BMO Capital Markets increased their price target on FirstService from $142.00 to $161.00 and gave the stock a “market perform” rating in a report on Wednesday, February 8th. TD Securities raised their target price on FirstService from $140.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, February 8th. Finally, Raymond James raised their target price on FirstService from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, January 26th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, FirstService currently has a consensus rating of “Hold” and an average price target of $154.75.

FirstService Company Profile

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FirstService Corp. engages in the provision of property services. It operates through the FirstService Residential and FirstService Brands segments. The FirstService Residential segment offers residential property management services in North America. The FirstService Brands segment covers residential and commercial customers through both franchise systems, and company-owned operations.