3,976 FirstService Corporation $FSV Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC trimmed its position in shares of FirstService Corporation (NASDAQ:FSV) (TSE:FSV) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 306,976 shares of the financial services provider’s stock after selling 3,976 shares during the period. William Blair Investment Management LLC owned approximately 0.73% of FirstService worth $39,256,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FSV. Fifth Third Bancorp lifted its position in shares of FirstService by 23.7% in the 1st quarter. Fifth Third Bancorp now owns 627 shares of the financial services provider’s stock worth $87,000 after acquiring an additional 120 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of FirstService during the second quarter valued at approximately $220,000. State of Wyoming acquired a new position in shares of FirstService in the first quarter valued at $247,000. Vise Technologies Inc. acquired a new position in shares of FirstService in the third quarter valued at $290,000. Finally, Hilltop National Bank lifted its position in FirstService by 4.1% in the second quarter. Hilltop National Bank now owns 2,055 shares of the financial services provider’s stock worth $292,000 after purchasing an additional 81 shares during the period. Institutional investors and hedge funds own 69.35% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on FSV. Scotiabank reiterated an “outperform” rating on shares of FirstService in a research note on Friday, October 23rd. BMO Capital Markets restated an “outperform” rating and issued a $179.00 price objective on shares of FirstService in a research note on Friday, October 23rd. TD Securities restated a “buy” rating and issued a $195.00 price objective on shares of FirstService in a research note on Friday, July 24th. Stifel Nicolaus raised their price objective on shares of FirstService from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, October 23rd. Finally, Weiss Ratings lowered shares of FirstService from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, November 4th. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $179.82.

FirstService Price Performance

FSV stock traded up $0.26 during trading on Friday, hitting $154.42. The company had a trading volume of 254,680 shares, compared to its average volume of 177,707. The company has a fifty day moving average price of $138.14 and a two-hundred day moving average price of $142.06. FirstService Corporation has a fifty-two week low of $119.41 and a fifty-two week high of $166.73. The company has a market cap of $6.47 billion, a P/E ratio of 47.08, a P/E/G ratio of 2.90 and a beta of 0.89. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.66.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.05. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. FirstService had a return on equity of 19.66% and a net margin of 2.59%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.76 earnings per share. Equities research analysts expect that FirstService Corporation will post 5.63 earnings per share for the current fiscal year.

FirstService Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 30th were issued a $0.3050 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.22 annualized dividend and a dividend yield of 0.8%. FirstService’s dividend payout ratio is presently 37.20%.

FirstService Company Profile

FirstService Corporation is a North American property services company operating through two primary businesses: FirstService Residential and FirstService Brands. The company serves residential communities and property owners in the United States and Canada. FirstService Residential provides property management services to condominium and homeowner associations, as well as other residential communities. Its services include day-to-day community operations, maintenance coordination, financial administration and support for boards and residents.