FirstService Co. (NASDAQ:FSV) Stock Holdings Increased by Geneva Capital Management LLC

Geneva Capital Management LLC boosted its stake in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 0.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 240,944 shares of the financial services provider’s stock after purchasing an additional 1,416 shares during the period. Geneva Capital Management LLC owned about 0.53% of FirstService worth $43,963,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. raised its stake in shares of FirstService by 35.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 91 shares in the last quarter. Fifth Third Bancorp raised its position in FirstService by 20.5% during the second quarter. Fifth Third Bancorp now owns 634 shares of the financial services provider’s stock valued at $97,000 after acquiring an additional 108 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in FirstService by 49.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 416 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 138 shares during the last quarter. First Horizon Advisors Inc. grew its position in FirstService by 40.6% in the second quarter. First Horizon Advisors Inc. now owns 488 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 141 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its stake in shares of FirstService by 3.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 4,048 shares of the financial services provider’s stock worth $616,000 after purchasing an additional 143 shares during the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

FirstService Trading Up 0.2 %

Shares of FirstService stock opened at $187.08 on Wednesday. The company has a market cap of $8.44 billion, a price-to-earnings ratio of 77.95 and a beta of 1.05. FirstService Co. has a 1 year low of $141.26 and a 1 year high of $192.71. The company’s fifty day simple moving average is $183.45 and its 200-day simple moving average is $167.62. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.13.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.21. FirstService had a net margin of 2.19% and a return on equity of 16.68%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the firm posted $1.18 EPS. The business’s revenue was up 25.0% compared to the same quarter last year. As a group, sell-side analysts expect that FirstService Co. will post 4.58 EPS for the current year.

FirstService Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Monday, September 30th. FirstService’s payout ratio is presently 41.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on FSV shares. Scotiabank upped their price objective on shares of FirstService from $190.00 to $200.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 15th. StockNews.com raised FirstService from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus boosted their target price on FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 21st. TD Securities increased their price target on FirstService from $179.00 to $182.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada boosted their price objective on shares of FirstService from $187.00 to $192.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $198.33.

FirstService Company Profile

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. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers 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.