Diversify Wealth Management LLC Has $356,000 Stock Position in FirstService Co. (NASDAQ:FSV)

Diversify Wealth Management LLC lessened its stake in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,038 shares of the financial services provider’s stock after selling 86 shares during the quarter. Diversify Wealth Management LLC’s holdings in FirstService were worth $356,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its position in FirstService by 6.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,733,694 shares of the financial services provider’s stock worth $415,427,000 after acquiring an additional 174,970 shares during the last quarter. Conestoga Capital Advisors LLC grew its position in FirstService by 1.6% in the third quarter. Conestoga Capital Advisors LLC now owns 1,449,933 shares of the financial services provider’s stock valued at $264,555,000 after purchasing an additional 23,082 shares in the last quarter. Franklin Resources Inc. increased its stake in FirstService by 486.3% in the 3rd quarter. Franklin Resources Inc. now owns 469,141 shares of the financial services provider’s stock valued at $87,308,000 after buying an additional 389,129 shares during the last quarter. Bank of Montreal Can lifted its position in FirstService by 19.7% during the 3rd quarter. Bank of Montreal Can now owns 388,430 shares of the financial services provider’s stock worth $69,992,000 after buying an additional 63,807 shares in the last quarter. Finally, Baskin Financial Services Inc. boosted its stake in shares of FirstService by 0.3% during the 3rd quarter. Baskin Financial Services Inc. now owns 250,491 shares of the financial services provider’s stock worth $45,737,000 after buying an additional 636 shares during the last quarter. Institutional investors own 69.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FSV shares. Scotiabank increased their price target on FirstService from $190.00 to $200.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 15th. TD Securities increased their price objective on FirstService from $179.00 to $182.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Stifel Nicolaus boosted their target price on shares of FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 21st. StockNews.com upgraded shares of FirstService from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Finally, Raymond James boosted their price objective on shares of FirstService from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, FirstService presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.67.

FirstService Trading Up 1.6 %

FSV stock opened at $185.64 on Thursday. The stock has a market cap of $8.40 billion, a price-to-earnings ratio of 77.35 and a beta of 1.06. The company has a fifty day moving average price of $185.65 and a two-hundred day moving average price of $180.30. FirstService Co. has a one year low of $141.26 and a one year high of $197.84. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.79 and a quick ratio of 1.79.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.21. FirstService had a net margin of 2.19% and a return on equity of 16.68%. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the business earned $1.18 EPS. FirstService’s quarterly revenue was up 25.0% on a year-over-year basis. Equities analysts anticipate that FirstService Co. will post 4.64 EPS for the current year.

FirstService Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Tuesday, December 31st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Tuesday, December 31st. FirstService’s dividend payout ratio is 41.67%.

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.