Jacobson & Schmitt Advisors LLC Sells 5,085 Shares of FirstService Co. (NASDAQ:FSV)

Jacobson & Schmitt Advisors LLC lowered its position in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,078 shares of the financial services provider’s stock after selling 5,085 shares during the quarter. FirstService comprises 3.3% of Jacobson & Schmitt Advisors LLC’s portfolio, making the stock its 7th largest position. Jacobson & Schmitt Advisors LLC owned approximately 0.21% of FirstService worth $17,030,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc acquired a new stake in shares of FirstService during the 4th quarter worth approximately $29,000. Trust Co. of Vermont acquired a new stake in shares of FirstService during the 4th quarter worth approximately $46,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of FirstService during the 3rd quarter worth approximately $53,000. Venturi Wealth Management LLC acquired a new stake in shares of FirstService during the 3rd quarter worth approximately $66,000. Finally, Blue Trust Inc. raised its position in shares of FirstService by 158.2% during the 4th quarter. Blue Trust Inc. now owns 728 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 446 shares during the period. 69.35% of the stock is currently owned by institutional investors and hedge funds.

FirstService Stock Down 0.3 %

FSV opened at $174.09 on Thursday. FirstService Co. has a 12 month low of $141.26 and a 12 month high of $197.84. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79. The stock has a market cap of $7.88 billion, a P/E ratio of 58.62 and a beta of 1.06. The stock’s 50 day moving average price is $180.52 and its 200 day moving average price is $182.05.

FirstService Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.275 per share. This is a positive change from FirstService’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Monday, March 31st. FirstService’s dividend payout ratio (DPR) is presently 37.04%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Raymond James increased their price target on FirstService from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. StockNews.com upgraded FirstService from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, FirstService presently has a consensus rating of “Moderate Buy” and an average target price 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.