1,284 Shares in FirstService Co. (NASDAQ:FSV) Purchased by Congress Asset Management Co.

Congress Asset Management Co. acquired a new stake in FirstService Co. (NASDAQ:FSV) (TSE:FSV) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,284 shares of the financial services provider’s stock, valued at approximately $232,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FSV. Fiera Capital Corp grew its stake in FirstService by 24.1% in the 4th quarter. Fiera Capital Corp now owns 258,848 shares of the financial services provider’s stock valued at $46,839,000 after purchasing an additional 50,265 shares during the period. Entropy Technologies LP increased its holdings in FirstService by 19.4% during the fourth quarter. Entropy Technologies LP now owns 4,300 shares of the financial services provider’s stock worth $778,000 after buying an additional 700 shares during the last quarter. Empowered Funds LLC raised its position in FirstService by 31.2% in the fourth quarter. Empowered Funds LLC now owns 12,769 shares of the financial services provider’s stock worth $2,311,000 after acquiring an additional 3,037 shares during the period. Triasima Portfolio Management inc. bought a new stake in FirstService in the fourth quarter worth about $2,816,000. Finally, Sargent Investment Group LLC boosted its stake in FirstService by 11.3% in the fourth quarter. Sargent Investment Group LLC now owns 28,506 shares of the financial services provider’s stock valued at $4,999,000 after acquiring an additional 2,903 shares during the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on FSV. Raymond James lifted their price target on shares of FirstService from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. StockNews.com upgraded FirstService from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $201.67.

FirstService Stock Down 0.4 %

FSV opened at $174.61 on Wednesday. The company has a 50 day moving average of $181.18 and a 200 day moving average of $182.08. The company has a current ratio of 1.75, a quick ratio of 1.79 and a debt-to-equity ratio of 1.09. FirstService Co. has a 12 month low of $141.26 and a 12 month high of $197.84. The company has a market cap of $7.90 billion, a PE ratio of 58.79 and a beta of 1.06.

FirstService Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, March 31st will be given a $0.275 dividend. The ex-dividend date is Monday, March 31st. This is a boost from FirstService’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 0.63%. FirstService’s payout ratio is 33.67%.

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.