Royce & Associates LP Sells 7,795 Shares of FirstService Corp (FSV)

Royce & Associates LP trimmed its holdings in FirstService Corp (NASDAQ:FSV) (TSE:FSV) by 3.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 213,605 shares of the financial services provider’s stock after selling 7,795 shares during the quarter. Royce & Associates LP’s holdings in FirstService were worth $14,935,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. UBS Asset Management Americas Inc. lifted its position in shares of FirstService by 45.4% during the second quarter. UBS Asset Management Americas Inc. now owns 10,470 shares of the financial services provider’s stock valued at $671,000 after purchasing an additional 3,271 shares in the last quarter. Northern Trust Corp lifted its position in shares of FirstService by 13.7% during the second quarter. Northern Trust Corp now owns 20,905 shares of the financial services provider’s stock valued at $1,338,000 after purchasing an additional 2,525 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of FirstService by 2.7% during the second quarter. Vanguard Group Inc. now owns 749,623 shares of the financial services provider’s stock valued at $47,961,000 after purchasing an additional 19,704 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of FirstService by 68.3% during the second quarter. Parametric Portfolio Associates LLC now owns 13,217 shares of the financial services provider’s stock valued at $846,000 after purchasing an additional 5,364 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of FirstService by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 85,239 shares of the financial services provider’s stock valued at $5,454,000 after purchasing an additional 5,604 shares in the last quarter. 57.18% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of FirstService Corp (NASDAQ:FSV) opened at $70.95 on Friday. FirstService Corp has a 1-year low of $54.80 and a 1-year high of $74.49. The company has a current ratio of 1.18, a quick ratio of 0.95 and a debt-to-equity ratio of 1.33. The stock has a market cap of $2,421.50, a PE ratio of 44.76 and a beta of 0.59.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. FirstService had a net margin of 3.11% and a return on equity of 29.64%. The business had revenue of $438.10 million during the quarter, compared to the consensus estimate of $416.13 million. During the same quarter last year, the company posted $0.41 earnings per share. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. analysts forecast that FirstService Corp will post 2.65 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 6th. Investors of record on Thursday, March 29th will be issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Wednesday, March 28th. This is an increase from FirstService’s previous quarterly dividend of $0.12. FirstService’s dividend payout ratio (DPR) is 33.79%.

FSV has been the topic of a number of recent analyst reports. BidaskClub lowered shares of FirstService from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th. Royal Bank of Canada raised their price target on shares of FirstService from $75.00 to $78.00 and gave the company a “sector perform” rating in a research report on Thursday, February 8th. Zacks Investment Research lowered shares of FirstService from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Finally, William Blair reissued a “market perform” rating on shares of FirstService in a research report on Thursday, February 1st. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $69.20.

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About FirstService

Firstservice Corporation is a provider of residential property management and other essential property services to residential and commercial customers. The Company operates through two segments: FirstService Residential and FirstService Brands. FirstService Residential is a property manager and provides ancillary services in the areas of on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel, and landscaping; banking and insurance products, and energy conservation and management solutions.

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Institutional Ownership by Quarter for FirstService (NASDAQ:FSV)

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