Congress Asset Management Co. Acquires New Holdings in FirstService Co. (NASDAQ:FSV)

Congress Asset Management Co. bought a new position in FirstService Co. (NASDAQ:FSV) (TSE:FSV) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,284 shares of the financial services provider’s stock, valued at approximately $232,000.

Several other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc bought a new position in shares of FirstService in the fourth quarter worth $29,000. Trust Co. of Vermont bought a new position in FirstService in the 4th quarter worth about $46,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of FirstService in the 3rd quarter valued at about $53,000. Venturi Wealth Management LLC bought a new stake in shares of FirstService during the 3rd quarter valued at about $66,000. Finally, Blue Trust Inc. grew its holdings in shares of 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. 69.35% of the stock is owned by institutional investors.

FirstService Trading Down 0.4 %

FSV stock opened at $174.61 on Wednesday. The company has a market capitalization of $7.90 billion, a PE ratio of 58.79 and a beta of 1.06. 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 Co. has a one year low of $141.26 and a one year high of $197.84. The company’s 50 day moving average price is $181.18 and its two-hundred day moving average price is $182.08.

FirstService Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, March 31st will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from FirstService’s previous quarterly dividend of $0.25. FirstService’s dividend payout ratio (DPR) is presently 33.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FSV shares. StockNews.com raised shares of FirstService from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Raymond James lifted their price objective on shares of FirstService from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.67.

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.