FirstService Co. (NASDAQ:FSV) Stake Reduced by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its holdings in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 24.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,395 shares of the financial services provider’s stock after selling 1,459 shares during the period. Crossmark Global Holdings Inc.’s holdings in FirstService were worth $796,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Conestoga Capital Advisors LLC boosted its position in shares of FirstService by 1.6% in the 3rd 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 during the period. Franklin Resources Inc. boosted its holdings in shares of FirstService by 486.3% in the third quarter. Franklin Resources Inc. now owns 469,141 shares of the financial services provider’s stock worth $87,308,000 after buying an additional 389,129 shares during the period. Bank of Montreal Can increased its position in shares of FirstService by 19.7% in the third quarter. Bank of Montreal Can now owns 388,430 shares of the financial services provider’s stock worth $69,992,000 after acquiring an additional 63,807 shares in the last quarter. Baskin Financial Services Inc. raised its holdings in shares of FirstService by 0.3% during the third quarter. Baskin Financial Services Inc. now owns 250,491 shares of the financial services provider’s stock valued at $45,737,000 after acquiring an additional 636 shares during the period. Finally, Boston Financial Mangement LLC lifted its position in shares of FirstService by 25.3% in the 3rd quarter. Boston Financial Mangement LLC now owns 246,673 shares of the financial services provider’s stock valued at $45,008,000 after acquiring an additional 49,790 shares in the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

FirstService Price Performance

NASDAQ FSV opened at $185.45 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $8.40 billion, a PE ratio of 77.27 and a beta of 1.06. FirstService Co. has a 12-month low of $141.26 and a 12-month high of $197.84. The company has a 50 day moving average price of $185.63 and a two-hundred day moving average price of $180.74.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the company posted $1.18 earnings per share. FirstService’s revenue for the quarter was up 25.0% on a year-over-year basis. As a group, equities analysts predict that FirstService Co. will post 4.64 earnings per share for the current fiscal year.

FirstService Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FSV. TD Securities raised their target price on FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Scotiabank raised their price objective on FirstService from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 15th. Stifel Nicolaus upped their target price on FirstService from $200.00 to $215.00 and gave the company 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 report on Friday, October 25th. Finally, Raymond James upped their price objective on shares of FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday. Two equities 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $201.67.

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.