Russell Investments Group Ltd. Sells 888 Shares of FirstService Co. (NASDAQ:FSV)

Russell Investments Group Ltd. lessened its position in FirstService Co. (NASDAQ:FSV – Get Rating) (TSE:FSV) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,151 shares of the financial services provider’s stock after selling 888 shares during the period. Russell Investments Group Ltd.’s holdings in FirstService were worth $2,224,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Durable Capital Partners LP increased its stake in FirstService by 6.8% in the third quarter. Durable Capital Partners LP now owns 3,908,039 shares of the financial services provider’s stock valued at $465,096,000 after purchasing an additional 247,245 shares in the last quarter. Fred Alger Management LLC increased its stake in FirstService by 9.4% in the third quarter. Fred Alger Management LLC now owns 1,490,725 shares of the financial services provider’s stock valued at $177,411,000 after purchasing an additional 127,762 shares in the last quarter. Vanguard Group Inc. increased its stake in FirstService by 2.3% in the third quarter. Vanguard Group Inc. now owns 1,456,612 shares of the financial services provider’s stock valued at $173,352,000 after purchasing an additional 33,025 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in FirstService by 0.7% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,336,783 shares of the financial services provider’s stock valued at $163,823,000 after purchasing an additional 8,677 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in FirstService by 38.8% in the third quarter. Bank of Montreal Can now owns 1,033,400 shares of the financial services provider’s stock valued at $123,406,000 after purchasing an additional 288,924 shares in the last quarter. Institutional investors own 72.57% of the company’s stock.

FirstService Stock Up 0.4 %

NASDAQ:FSV opened at $147.66 on Friday. The firm’s 50 day simple moving average is $142.00 and its 200 day simple moving average is $135.24. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.90 and a quick ratio of 1.90. FirstService Co. has a one year low of $112.44 and a one year high of $151.38. The company has a market cap of $6.58 billion, a PE ratio of 53.31 and a beta of 1.08.

FirstService (NASDAQ:FSV – Get Rating) (TSE:FSV) last posted its earnings results on Wednesday, April 26th. The financial services provider reported $0.73 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.01). FirstService had a return on equity of 18.72% and a net margin of 3.13%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $960.39 million. On average, research analysts anticipate that FirstService Co. will post 4.35 earnings per share for the current year.

FirstService Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 7th. Shareholders of record on Friday, June 30th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $0.90 annualized dividend and a yield of 0.61%. FirstService’s payout ratio is 32.49%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FSV shares. Raymond James upped their price target on shares of FirstService from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, January 26th. Deutsche Bank Aktiengesellschaft upped their price target on shares of FirstService from $143.00 to $145.00 in a report on Thursday, April 27th. StockNews.com started coverage on shares of FirstService in a report on Thursday. They issued a “hold” rating for the company. BMO Capital Markets upped their price target on shares of FirstService from $142.00 to $161.00 and gave the company a “market perform” rating in a report on Wednesday, February 8th. Finally, TheStreet cut shares of FirstService from a “b-” rating to a “c+” rating in a report on Tuesday, May 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $161.20.

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.