FirstService Corporation $FSV Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC lowered its position in FirstService Corporation (NASDAQ:FSV) (TSE:FSV) by 20.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,772 shares of the financial services provider’s stock after selling 5,208 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in FirstService were worth $3,231,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Clearbridge Investments LLC increased its stake in shares of FirstService by 22.4% during the fourth quarter. Clearbridge Investments LLC now owns 246,088 shares of the financial services provider’s stock valued at $38,274,000 after acquiring an additional 44,996 shares during the period. Dearborn Partners LLC increased its stake in shares of FirstService by 12.4% during the fourth quarter. Dearborn Partners LLC now owns 3,802 shares of the financial services provider’s stock valued at $591,000 after acquiring an additional 420 shares during the period. Argonautica Private Wealth Management Inc. increased its stake in shares of FirstService by 47.2% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 3,640 shares of the financial services provider’s stock valued at $566,000 after acquiring an additional 1,167 shares during the period. Vise Technologies Inc. acquired a new position in shares of FirstService during the fourth quarter valued at approximately $420,000. Finally, Daiwa Securities Group Inc. increased its stake in shares of FirstService by 1,978.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 30,265 shares of the financial services provider’s stock valued at $4,707,000 after acquiring an additional 28,809 shares during the period. Institutional investors and hedge funds own 69.35% of the company’s stock.

FirstService Trading Up 3.3%

Shares of NASDAQ:FSV opened at $143.01 on Wednesday. The company has a 50 day moving average price of $138.77 and a 200 day moving average price of $148.27. FirstService Corporation has a 1-year low of $119.41 and a 1-year high of $209.66. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 40.40, a PEG ratio of 4.20 and a beta of 0.95.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. FirstService had a net margin of 2.92% and a return on equity of 17.91%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business posted $0.92 EPS. The company’s revenue was up 5.3% on a year-over-year basis. On average, research analysts anticipate that FirstService Corporation will post 5.54 EPS for the current fiscal year.

FirstService Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 30th will be paid a $0.305 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.22 dividend on an annualized basis and a yield of 0.9%. FirstService’s dividend payout ratio (DPR) is currently 34.46%.

Analysts Set New Price Targets

A number of research firms recently commented on FSV. Wall Street Zen upgraded shares of FirstService from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. TD Securities set a $204.00 price objective on shares of FirstService in a research note on Friday, April 24th. Scotiabank lowered their price objective on shares of FirstService from $205.00 to $190.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 24th. Weiss Ratings lowered shares of FirstService from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Finally, Stifel Nicolaus lowered their price objective on shares of FirstService from $215.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, FirstService currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.22.

FirstService Profile

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.