Louisbourg Investments Inc. Invests $3.84 Million in FirstService Corporation $FSV

Louisbourg Investments Inc. purchased a new stake in FirstService Corporation (NASDAQ:FSV) (TSE:FSV) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 24,640 shares of the financial services provider’s stock, valued at approximately $3,837,000. Louisbourg Investments Inc. owned about 0.05% of FirstService as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Evergreen Capital Management LLC grew its position in shares of FirstService by 5.6% in the second quarter. Evergreen Capital Management LLC now owns 1,462 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 77 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in FirstService by 63.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 79 shares during the last quarter. Parr Mcknight Wealth Management Group LLC boosted its stake in FirstService by 1.1% in the 3rd quarter. Parr Mcknight Wealth Management Group LLC now owns 7,583 shares of the financial services provider’s stock valued at $1,444,000 after purchasing an additional 81 shares during the period. NorthCrest Asset Manangement LLC boosted its stake in FirstService by 4.2% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 2,209 shares of the financial services provider’s stock valued at $413,000 after purchasing an additional 90 shares during the period. Finally, Pathstone Holdings LLC grew its holdings in FirstService by 0.5% in the 3rd quarter. Pathstone Holdings LLC now owns 17,021 shares of the financial services provider’s stock valued at $3,242,000 after buying an additional 92 shares in the last quarter. 69.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FSV has been the subject of a number of research reports. TD Securities reissued a “buy” rating and set a $217.00 target price on shares of FirstService in a report on Thursday, February 5th. Weiss Ratings restated a “hold (c)” rating on shares of FirstService in a research note on Friday, March 27th. Wall Street Zen upgraded shares of FirstService from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $202.00 price objective on shares of FirstService in a report on Thursday, February 5th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $211.67.

FirstService Trading Up 1.1%

Shares of FSV stock opened at $139.72 on Friday. FirstService Corporation has a fifty-two week low of $133.42 and a fifty-two week high of $209.66. The stock’s fifty day moving average price is $150.12 and its two-hundred day moving average price is $160.55. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market cap of $6.42 billion, a PE ratio of 44.22, a P/E/G ratio of 3.71 and a beta of 1.09.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. FirstService had a return on equity of 18.69% and a net margin of 2.64%.The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the firm earned $1.34 EPS. FirstService’s revenue was up 1.3% on a year-over-year basis. Equities analysts predict that FirstService Corporation will post 5.27 EPS for the current fiscal year.

FirstService Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 7th. Stockholders of record on Tuesday, March 31st will be paid a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, March 31st. This is an increase from FirstService’s previous quarterly dividend of $0.28. FirstService’s dividend payout ratio is 38.61%.

FirstService Company Profile

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.