Quantinno Capital Management LP Acquires 1,557 Shares of FirstService Co. (NASDAQ:FSV)

Quantinno Capital Management LP lifted its holdings in shares of FirstService Co. (NASDAQ:FSVFree Report) (TSE:FSV) by 13.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 13,364 shares of the financial services provider’s stock after acquiring an additional 1,557 shares during the period. Quantinno Capital Management LP’s holdings in FirstService were worth $2,438,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FSV. Blue Trust Inc. lifted its holdings in shares of FirstService by 8,066.7% during the 2nd quarter. Blue Trust Inc. now owns 245 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 242 shares during the period. Benjamin Edwards Inc. lifted its holdings in FirstService by 35.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 91 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in FirstService by 49.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 416 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 138 shares during the last quarter. Venturi Wealth Management LLC bought a new position in FirstService during the 3rd quarter valued at about $66,000. Finally, First Horizon Advisors Inc. lifted its holdings in FirstService by 40.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 488 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 141 shares during the last quarter. 69.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FSV shares. StockNews.com raised shares of FirstService from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Scotiabank boosted their target price on shares of FirstService from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 15th. Stifel Nicolaus boosted their target price on shares of FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, TD Securities boosted their target price on shares of FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $198.33.

View Our Latest Stock Report on FSV

FirstService Stock Down 0.8 %

Shares of NASDAQ:FSV opened at $190.32 on Wednesday. FirstService Co. has a one year low of $141.26 and a one year high of $197.84. The company has a 50 day moving average of $187.76 and a 200-day moving average of $173.62. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market cap of $8.61 billion, a price-to-earnings ratio of 79.30 and a beta of 1.04.

FirstService (NASDAQ:FSVGet Free Report) (TSE:FSV) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.63 EPS for the quarter, topping the consensus estimate of $1.42 by $0.21. FirstService had a net margin of 2.19% and a return on equity of 16.68%. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the company earned $1.18 EPS. FirstService’s revenue was up 25.0% on a year-over-year basis. On average, sell-side analysts forecast that FirstService Co. will post 4.58 earnings per share for the current year.

FirstService Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Tuesday, December 31st. FirstService’s dividend payout ratio is currently 41.67%.

FirstService Profile

(Free Report)

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.

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Institutional Ownership by Quarter for FirstService (NASDAQ:FSV)

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