Motley Fool Wealth Management LLC Has $3.23 Million Stake in FirstService Corporation $FSV

Motley Fool Wealth Management LLC decreased its position in FirstService Corporation (NASDAQ:FSV) (TSE:FSV) by 20.0% in the fourth quarter, HoldingsChannel reports. The firm owned 20,772 shares of the financial services provider’s stock after selling 5,208 shares during the period. Motley Fool Wealth Management LLC’s holdings in FirstService were worth $3,231,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPL Wealth Management LLC acquired a new stake in shares of FirstService during the 3rd quarter valued at $26,000. Geneos Wealth Management Inc. boosted its stake in shares of FirstService by 63.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider’s stock valued at $35,000 after buying an additional 79 shares during the period. Strs Ohio acquired a new stake in shares of FirstService during the 1st quarter valued at $38,000. EverSource Wealth Advisors LLC boosted its stake in shares of FirstService by 400.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the financial services provider’s stock valued at $64,000 after buying an additional 292 shares during the period. Finally, Sagard Holdings Management Inc. acquired a new stake in shares of FirstService during the 3rd quarter valued at $79,000. Institutional investors and hedge funds own 69.35% of the company’s stock.

FirstService Stock Up 3.3%

FSV stock opened at $143.01 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.74. FirstService Corporation has a 1 year low of $119.41 and a 1 year high of $209.66. The company has a fifty day simple moving average of $138.77 and a 200 day simple moving average of $148.27. The firm has a market cap of $6.57 billion, a PE ratio of 40.40, a PEG ratio of 4.20 and a beta of 0.95.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. FirstService had a net margin of 2.92% and a return on equity of 17.91%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business earned $0.92 EPS. FirstService’s quarterly revenue was up 5.3% compared to the same quarter last year. Sell-side analysts anticipate that FirstService Corporation will post 5.54 EPS for the current fiscal year.

FirstService Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 30th will be paid a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 30th. FirstService’s payout ratio is presently 34.46%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FSV. TD Securities set a $204.00 target price on shares of FirstService in a research note on Friday, April 24th. Stifel Nicolaus decreased their target price on shares of FirstService from $215.00 to $200.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Loop Capital began coverage on shares of FirstService in a research note on Monday, May 4th. They set a “hold” rating and a $140.00 target price for the company. Scotiabank decreased their target price on shares of FirstService from $205.00 to $190.00 and set a “sector outperform” rating for the company in a research note on Friday, April 24th. Finally, Weiss Ratings lowered shares of FirstService from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $197.22.

About FirstService

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.