Vista Finance LLC Purchases Shares of 1,869 FirstService Co. (NASDAQ:FSV)

Vista Finance LLC acquired a new position in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) in the fourth quarter, HoldingsChannel reports. The fund acquired 1,869 shares of the financial services provider’s stock, valued at approximately $338,000.

Other large investors have also made changes to their positions in the company. Sanctuary Advisors LLC purchased a new position in FirstService in the second quarter valued at approximately $216,000. Creative Planning raised its stake in shares of FirstService by 105.1% in the 3rd quarter. Creative Planning now owns 9,273 shares of the financial services provider’s stock valued at $1,692,000 after acquiring an additional 4,752 shares during the period. Raymond James & Associates lifted its holdings in shares of FirstService by 4.9% during the 3rd quarter. Raymond James & Associates now owns 148,864 shares of the financial services provider’s stock valued at $27,162,000 after acquiring an additional 6,995 shares in the last quarter. Berry Wealth Group LP boosted its position in FirstService by 17.0% during the 3rd quarter. Berry Wealth Group LP now owns 1,695 shares of the financial services provider’s stock worth $309,000 after purchasing an additional 246 shares during the period. Finally, Signaturefd LLC increased its holdings in FirstService by 30.1% in the 3rd quarter. Signaturefd LLC now owns 1,268 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 293 shares in the last quarter. 69.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FSV. StockNews.com raised FirstService from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Stifel Nicolaus increased their price objective on shares of FirstService from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, Raymond James boosted their target price on shares of FirstService from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, FirstService currently has an average rating of “Moderate Buy” and an average target price of $201.67.

FirstService Price Performance

FSV stock opened at $175.36 on Friday. The stock’s 50 day moving average is $181.51 and its two-hundred day moving average is $182.01. FirstService Co. has a 52-week low of $141.26 and a 52-week high of $197.84. The company has a market capitalization of $7.94 billion, a PE ratio of 59.04 and a beta of 1.06. The company has a quick ratio of 1.79, a current ratio of 1.75 and a debt-to-equity ratio of 1.09.

FirstService Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, March 31st will be issued a $0.275 dividend. The ex-dividend date of this dividend 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 yield of 0.63%. FirstService’s dividend payout ratio is currently 33.67%.

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.