Farther Finance Advisors LLC Sells 326 Shares of FirstService Co. (NASDAQ:FSV)

Farther Finance Advisors LLC lowered its stake in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,897 shares of the financial services provider’s stock after selling 326 shares during the period. Farther Finance Advisors LLC’s holdings in FirstService were worth $705,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FSV. Versant Capital Management Inc bought a new position in FirstService in the 4th quarter valued at approximately $29,000. Trust Co. of Vermont bought a new position in shares of FirstService during the fourth quarter valued at $46,000. Wilmington Savings Fund Society FSB acquired a new position in shares of FirstService during the third quarter worth $53,000. Blue Trust Inc. grew its stake in shares of FirstService by 158.2% in the fourth quarter. Blue Trust Inc. now owns 728 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 446 shares during the last quarter. Finally, Hardy Reed LLC acquired a new stake in FirstService in the third quarter valued at $217,000. Institutional investors own 69.35% of the company’s stock.

FirstService Trading Up 3.6 %

NASDAQ FSV opened at $165.45 on Friday. The stock has a market capitalization of $7.52 billion, a P/E ratio of 55.71 and a beta of 1.12. The business has a 50 day simple moving average of $176.48 and a 200 day simple moving average of $182.01. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79. FirstService Co. has a one year low of $141.26 and a one year high of $197.84.

FirstService Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Monday, March 31st will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Monday, March 31st. This is an increase from FirstService’s previous quarterly dividend of $0.25. FirstService’s payout ratio is presently 37.04%.

Analysts Set New Price Targets

FSV has been the topic of several recent research reports. StockNews.com downgraded FirstService from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Raymond James upped their target price on FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, FirstService presently has an average rating of “Moderate Buy” and an average target price of $201.67.

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.