FirstService Co. (NASDAQ:FSV) Holdings Decreased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its position in FirstService Co. (NASDAQ:FSVFree Report) (TSE:FSV) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 127,965 shares of the financial services provider’s stock after selling 3,521 shares during the period. Massachusetts Financial Services Co. MA’s holdings in FirstService were worth $18,624,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC acquired a new position in FirstService in the 2nd quarter valued at approximately $41,000. Pinebridge Investments L.P. bought a new stake in shares of FirstService in the 2nd quarter valued at approximately $61,000. Signaturefd LLC grew its stake in shares of FirstService by 80.1% in the 2nd quarter. Signaturefd LLC now owns 389 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 173 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of FirstService by 126.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 392 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 219 shares during the period. Finally, Power Corp of Canada bought a new stake in shares of FirstService in the 1st quarter valued at approximately $60,000. Institutional investors and hedge funds own 69.49% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Raymond James upped their price objective on FirstService from $185.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. StockNews.com lowered FirstService from a “buy” rating to a “hold” rating in a research note on Wednesday. Scotiabank upped their price objective on FirstService from $165.00 to $166.00 and gave the company a “sector outperform” rating in a research note on Wednesday. TheStreet lowered FirstService from a “b-” rating to a “c” rating in a research note on Tuesday. Finally, Stifel Nicolaus set a $175.00 price target on FirstService and gave the stock a “buy” rating in a research report on Tuesday, November 21st. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, FirstService has an average rating of “Moderate Buy” and an average target price of $177.29.

View Our Latest Analysis on FirstService

FirstService Stock Up 0.2 %

NASDAQ FSV opened at $166.32 on Friday. The firm has a market cap of $7.42 billion, a PE ratio of 74.25 and a beta of 1.00. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.78 and a quick ratio of 1.90. The stock’s 50 day simple moving average is $163.11 and its 200 day simple moving average is $153.99. FirstService Co. has a one year low of $131.75 and a one year high of $171.94.

FirstService Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 29th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.60%. This is a positive change from FirstService’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, March 27th. FirstService’s dividend payout ratio (DPR) is presently 40.18%.

FirstService Company Profile

(Free Report)

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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