Insider Selling: FirstService Corp (TSE:FSV) Senior Officer Sells C$775,000.00 in Stock

FirstService Corp (TSE:FSV) (NASDAQ:FSV) Senior Officer Douglas G. Cooke sold 5,000 shares of FirstService stock in a transaction on Monday, July 27th. The shares were sold at an average price of C$155.00, for a total value of C$775,000.00. Following the transaction, the insider now owns 171,524 shares in the company, valued at approximately C$26,586,220.

Shares of FSV stock opened at C$159.60 on Friday. FirstService Corp has a 1-year low of C$83.36 and a 1-year high of C$160.96. The company has a current ratio of 1.64, a quick ratio of 1.25 and a debt-to-equity ratio of 149.04. The company has a market capitalization of $6.86 billion and a price-to-earnings ratio of -25.42. The stock’s fifty day simple moving average is C$139.35 and its 200-day simple moving average is C$128.21.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 30th were given a dividend of $0.227 per share. This is a boost from FirstService’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, June 29th. This represents a $0.91 dividend on an annualized basis and a yield of 0.57%. FirstService’s dividend payout ratio (DPR) is presently -10.04%.

A number of research analysts have recently weighed in on FSV shares. William Blair upgraded FirstService from a “market perform” rating to an “outperform” rating in a report on Thursday, April 23rd. Raymond James reiterated an “outperform” rating and set a C$100.00 price target on shares of FirstService in a report on Tuesday, May 26th.

FirstService Company Profile

FirstService Corporation, together with its subsidiaries, provides residential property services to residential and commercial customers in the United States and Canada. The company operates through two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment provides 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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