Quantbot Technologies LP Raises Stake in FirstService Co. (NASDAQ:FSV)

Quantbot Technologies LP raised its position in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 48.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,471 shares of the financial services provider’s stock after purchasing an additional 2,766 shares during the period. Quantbot Technologies LP’s holdings in FirstService were worth $1,533,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of FSV. Versant Capital Management Inc purchased a new position in FirstService in the fourth quarter valued at $29,000. Trust Co. of Vermont acquired a new position in FirstService in the fourth quarter valued at approximately $46,000. Wilmington Savings Fund Society FSB acquired a new position in FirstService in the third quarter valued at approximately $53,000. Blue Trust Inc. raised its holdings in FirstService by 158.2% during the fourth quarter. Blue Trust Inc. now owns 728 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 446 shares in the last quarter. Finally, Gitterman Wealth Management LLC purchased a new stake in shares of FirstService during the 4th quarter worth approximately $201,000. 69.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FSV has been the topic of several research analyst reports. StockNews.com upgraded shares of FirstService from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. Raymond James lifted their target price on 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $201.67.

FirstService Trading Up 1.9 %

NASDAQ FSV opened at $173.61 on Tuesday. FirstService Co. has a one year low of $141.26 and a one year high of $197.84. The firm has a market cap of $7.89 billion, a PE ratio of 58.45 and a beta of 1.12. The firm’s fifty day moving average is $175.64 and its two-hundred day moving average is $181.66. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75.

FirstService Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.275 per share. The ex-dividend date is Monday, March 31st. This is an increase 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 37.04%.

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.