FirstService Co. (NASDAQ:FSV) Holdings Decreased by Royce & Associates LP

Royce & Associates LP cut its position in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 9.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 398,446 shares of the financial services provider’s stock after selling 40,308 shares during the period. FirstService accounts for 0.7% of Royce & Associates LP’s investment portfolio, making the stock its 17th biggest position. Royce & Associates LP’s holdings in FirstService were worth $72,127,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Versant Capital Management Inc bought a new position in shares of FirstService during the fourth quarter valued at approximately $29,000. Trust Co. of Vermont acquired a new position in FirstService during the 4th quarter valued at approximately $46,000. Wilmington Savings Fund Society FSB bought a new position in FirstService during the 3rd quarter worth $53,000. Blue Trust Inc. increased its position in 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 buying an additional 446 shares during the period. Finally, Hardy Reed LLC bought a new stake in FirstService in the third quarter valued at $217,000. Institutional investors and hedge funds own 69.35% of the company’s stock.

Wall Street Analyst Weigh In

FSV has been the subject of several recent research reports. StockNews.com lowered shares of FirstService from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Raymond James raised their price target on shares of FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.67.

FirstService Stock Performance

Shares of FSV opened at $165.45 on Friday. The firm has a market capitalization of $7.52 billion, a PE ratio of 55.71 and a beta of 1.12. The company has a quick ratio of 1.79, a current ratio of 1.75 and a debt-to-equity ratio of 1.09. The firm has a 50-day moving average price of $176.48 and a 200 day moving average price of $182.01. FirstService Co. has a 52-week low of $141.26 and a 52-week high of $197.84.

FirstService Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Monday, March 31st will be paid 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 a positive change from FirstService’s previous quarterly dividend of $0.25. FirstService’s dividend payout ratio (DPR) is currently 37.04%.

FirstService 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.