FirstService Co. (NASDAQ:FSV) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lifted its position in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 253.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 19,351 shares of the financial services provider’s stock after purchasing an additional 13,876 shares during the period. Harbor Capital Advisors Inc.’s holdings in FirstService were worth $3,503,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FSV. Benjamin Edwards Inc. raised its stake in shares of FirstService by 35.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 91 shares during the period. HighTower Advisors LLC increased its holdings in FirstService by 3.5% in the 3rd quarter. HighTower Advisors LLC now owns 2,932 shares of the financial services provider’s stock valued at $533,000 after purchasing an additional 98 shares in the last quarter. Raymond James Trust N.A. increased its holdings in FirstService by 3.2% in the 3rd quarter. Raymond James Trust N.A. now owns 3,523 shares of the financial services provider’s stock valued at $643,000 after purchasing an additional 110 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in FirstService by 49.6% in the second 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 period. Finally, Public Sector Pension Investment Board lifted its stake in shares of FirstService by 3.7% during the second quarter. Public Sector Pension Investment Board now owns 4,048 shares of the financial services provider’s stock worth $616,000 after purchasing an additional 143 shares in the last quarter. 69.35% of the stock is owned by hedge funds and other institutional investors.

FirstService Trading Down 1.6 %

NASDAQ FSV opened at $174.61 on Friday. The company’s fifty day moving average price is $186.98 and its two-hundred day moving average price is $178.43. The company has a market capitalization of $7.90 billion, a price-to-earnings ratio of 72.75 and a beta of 1.06. FirstService Co. has a 12 month low of $141.26 and a 12 month high of $197.84. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.79 and a quick ratio of 1.79.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.21. FirstService had a return on equity of 16.68% and a net margin of 2.19%. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the firm earned $1.18 earnings per share. The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. As a group, research analysts predict that FirstService Co. will post 4.58 earnings per share for the current fiscal year.

FirstService Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Tuesday, December 31st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Tuesday, December 31st. FirstService’s dividend payout ratio (DPR) is presently 41.67%.

Wall Street Analyst Weigh In

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

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.