FirstService Co. (NASDAQ:FSV) Shares Sold by Blair William & Co. IL

Blair William & Co. IL trimmed its holdings in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,464 shares of the financial services provider’s stock after selling 3,918 shares during the period. Blair William & Co. IL owned approximately 0.20% of FirstService worth $16,376,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc acquired a new stake in FirstService during the fourth quarter worth about $29,000. Trust Co. of Vermont acquired a new stake in shares of FirstService during the 4th quarter worth approximately $46,000. Wilmington Savings Fund Society FSB purchased a new position in shares of FirstService during the 3rd quarter valued at approximately $53,000. Blue Trust Inc. increased its holdings in shares of FirstService by 158.2% during the 4th quarter. Blue Trust Inc. now owns 728 shares of the financial services provider’s stock valued at $133,000 after purchasing an additional 446 shares in the last quarter. Finally, Gitterman Wealth Management LLC acquired a new position in shares of FirstService in the 4th quarter valued at $201,000. 69.35% of the stock is owned by hedge funds and other institutional investors.

FirstService Stock Down 1.7 %

FSV opened at $166.05 on Friday. The company has a market cap of $7.55 billion, a PE ratio of 55.91 and a beta of 1.12. FirstService Co. has a twelve month low of $141.26 and a twelve month high of $197.84. The company has a 50-day moving average price of $174.82 and a 200 day moving average price of $181.38. 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 company also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.275 per share. The ex-dividend date is Monday, March 31st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.66%. This is a boost from FirstService’s previous quarterly dividend of $0.25. FirstService’s dividend payout ratio is presently 37.04%.

Wall Street Analysts Forecast Growth

FSV has been the subject of a number of analyst reports. Raymond James increased their target price on shares of FirstService from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. StockNews.com cut FirstService from a “buy” rating to a “hold” rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to 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.