FirstService Co. (NASDAQ:FSV) Shares Sold by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC lowered its position in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,448,952 shares of the financial services provider’s stock after selling 981 shares during the quarter. FirstService accounts for about 3.5% of Conestoga Capital Advisors LLC’s holdings, making the stock its 4th largest position. Conestoga Capital Advisors LLC’s holdings in FirstService were worth $262,289,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FSV. Sei Investments Co. grew its stake in shares of FirstService by 160.3% in the 2nd quarter. Sei Investments Co. now owns 6,181 shares of the financial services provider’s stock valued at $942,000 after buying an additional 3,806 shares in the last quarter. Truist Financial Corp increased its holdings in shares of FirstService by 1.0% during the 2nd quarter. Truist Financial Corp now owns 24,022 shares of the financial services provider’s stock valued at $3,660,000 after acquiring an additional 230 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of FirstService in the 2nd quarter valued at approximately $216,000. Cubist Systematic Strategies LLC boosted its position in FirstService by 33.4% during the second quarter. Cubist Systematic Strategies LLC now owns 17,253 shares of the financial services provider’s stock worth $2,628,000 after purchasing an additional 4,318 shares during the period. Finally, Creative Planning grew its holdings in FirstService by 105.1% during the third quarter. Creative Planning now owns 9,273 shares of the financial services provider’s stock valued at $1,692,000 after purchasing an additional 4,752 shares during the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FSV. Raymond James upped 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. TD Securities raised their price objective on FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Stifel Nicolaus boosted their price objective on FirstService from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, October 21st. StockNews.com raised FirstService from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Finally, Scotiabank boosted their price target on shares of FirstService from $190.00 to $200.00 and gave the company a “sector perform” rating in a report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.67.

FirstService Stock Down 1.3 %

Shares of NASDAQ FSV opened at $181.87 on Monday. The business has a fifty day moving average of $185.18 and a two-hundred day moving average of $181.66. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.79 and a current ratio of 1.79. FirstService Co. has a 52-week low of $141.26 and a 52-week high of $197.84. The stock has a market cap of $8.23 billion, a PE ratio of 75.78 and a beta of 1.06.

FirstService Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 0.55%. FirstService’s dividend payout ratio is 41.67%.

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.