FirstService Co. (NASDAQ:FSV) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lifted its position in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 253.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,351 shares of the financial services provider’s stock after acquiring an additional 13,876 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in FirstService were worth $3,503,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new position in FirstService during the 4th quarter worth approximately $29,000. JPMorgan Chase & Co. grew its holdings in FirstService by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 200,776 shares of the financial services provider’s stock worth $36,634,000 after acquiring an additional 10,191 shares during the period. Franklin Resources Inc. raised its position in FirstService by 486.3% in the third quarter. Franklin Resources Inc. now owns 469,141 shares of the financial services provider’s stock worth $87,308,000 after acquiring an additional 389,129 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in FirstService in the third quarter valued at $53,000. Finally, Toronto Dominion Bank boosted its position in shares of FirstService by 27.6% during the 3rd quarter. Toronto Dominion Bank now owns 70,207 shares of the financial services provider’s stock worth $12,810,000 after purchasing an additional 15,165 shares in the last quarter. 69.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on FSV shares. TD Securities raised their price objective on shares of FirstService from $179.00 to $182.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Scotiabank upped their price target on 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 research note on Friday, October 25th. Finally, Stifel Nicolaus boosted their target price on FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.33.

FirstService Stock Down 1.6 %

Shares of NASDAQ:FSV opened at $174.61 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $7.90 billion, a P/E ratio of 72.75 and a beta of 1.06. FirstService Co. has a 52-week low of $141.26 and a 52-week high of $197.84. The stock’s fifty day simple moving average is $186.98 and its 200-day simple moving average is $178.43.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings results 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. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.32 billion. FirstService had a net margin of 2.19% and a return on equity of 16.68%. The firm’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period last year, the company earned $1.18 EPS. As a group, equities research analysts forecast that FirstService Co. will post 4.58 earnings per share for the current fiscal year.

FirstService Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 31st were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 0.57%. FirstService’s dividend payout ratio (DPR) is presently 41.67%.

About FirstService

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.