Centaurus Financial Inc. Sells 159 Shares of FirstService Co. (NASDAQ:FSV)

Centaurus Financial Inc. trimmed its position in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 5.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,585 shares of the financial services provider’s stock after selling 159 shares during the quarter. Centaurus Financial Inc.’s holdings in FirstService were worth $468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Berry Wealth Group LP raised its holdings in FirstService by 5.4% in the 4th quarter. Berry Wealth Group LP now owns 1,786 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 91 shares during the period. Signaturefd LLC raised its holdings in FirstService by 7.5% in the 4th quarter. Signaturefd LLC now owns 1,363 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 95 shares during the period. Stifel Financial Corp raised its holdings in FirstService by 0.5% in the 4th quarter. Stifel Financial Corp now owns 21,205 shares of the financial services provider’s stock worth $3,838,000 after purchasing an additional 102 shares during the period. Snowden Capital Advisors LLC raised its holdings in FirstService by 6.5% in the 4th quarter. Snowden Capital Advisors LLC now owns 2,473 shares of the financial services provider’s stock worth $448,000 after purchasing an additional 151 shares during the period. Finally, Advisors Capital Management LLC raised its holdings in FirstService by 1.0% during the fourth quarter. Advisors Capital Management LLC now owns 22,555 shares of the financial services provider’s stock valued at $4,083,000 after acquiring an additional 233 shares during the period. 69.35% of the stock is owned by institutional investors.

FirstService Trading Up 0.1%

Shares of FSV stock opened at $175.94 on Friday. FirstService Co. has a 12-month low of $143.69 and a 12-month high of $197.84. The company has a current ratio of 1.75, a quick ratio of 1.79 and a debt-to-equity ratio of 1.09. The stock’s 50-day moving average price is $171.27 and its 200-day moving average price is $177.36. The stock has a market capitalization of $8.00 billion, a price-to-earnings ratio of 59.24 and a beta of 1.04.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.08. FirstService had a return on equity of 17.15% and a net margin of 2.58%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the firm posted $0.67 earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. Equities research analysts predict that FirstService Co. will post 5.27 EPS for the current fiscal year.

FirstService Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.10 annualized dividend and a dividend yield of 0.63%. FirstService’s dividend payout ratio (DPR) is 38.06%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on FSV shares. Scotiabank decreased their price target on FirstService from $217.50 to $210.00 and set a “sector perform” rating on the stock in a report on Thursday, April 17th. TD Securities raised their price target on FirstService from $198.00 to $200.00 and gave the company a “hold” rating in a report on Wednesday, May 7th. Finally, Wall Street Zen cut FirstService from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $206.33.

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.