Quantinno Capital Management LP Raises Stock Holdings in FirstService Co. (NASDAQ:FSV)

Quantinno Capital Management LP lifted its holdings in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 10.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,774 shares of the financial services provider’s stock after purchasing an additional 1,410 shares during the quarter. Quantinno Capital Management LP’s holdings in FirstService were worth $2,674,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of FSV. Numerai GP LLC lifted its position in FirstService by 81.8% in the fourth quarter. Numerai GP LLC now owns 4,517 shares of the financial services provider’s stock valued at $818,000 after purchasing an additional 2,033 shares during the last quarter. Millennium Management LLC raised its holdings in shares of FirstService by 130.6% during the fourth quarter. Millennium Management LLC now owns 27,090 shares of the financial services provider’s stock valued at $4,904,000 after acquiring an additional 15,343 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of FirstService during the fourth quarter valued at approximately $654,000. Janus Henderson Group PLC raised its holdings in shares of FirstService by 6.4% during the fourth quarter. Janus Henderson Group PLC now owns 116,529 shares of the financial services provider’s stock valued at $21,094,000 after acquiring an additional 6,973 shares in the last quarter. Finally, Granahan Investment Management LLC bought a new position in shares of FirstService during the fourth quarter valued at approximately $1,130,000. Hedge funds and other institutional investors own 69.35% of the company’s stock.

Analysts Set New Price Targets

FSV has been the subject of a number of recent analyst reports. TD Securities upped their target price on FirstService from $198.00 to $200.00 and gave the company a “hold” rating in a report on Wednesday, May 7th. Scotiabank decreased their target price on FirstService from $217.50 to $210.00 and set a “sector perform” rating for the company in a report on Thursday, April 17th. StockNews.com cut FirstService from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Finally, Raymond James upped their price target on FirstService from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, FirstService has an average rating of “Moderate Buy” and an average target price of $206.33.

FirstService Trading Up 0.1%

Shares of NASDAQ:FSV opened at $176.34 on Wednesday. The stock’s 50-day simple moving average is $170.52 and its two-hundred day simple moving average is $178.01. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75. FirstService Co. has a 52-week low of $141.26 and a 52-week high of $197.84. The stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of 59.37 and a beta of 1.04.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.08. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.28 billion. FirstService had a return on equity of 17.15% and a net margin of 2.58%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS. Analysts expect that FirstService Co. will post 5.27 EPS for the current year.

FirstService Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Monday, June 30th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Monday, June 30th. FirstService’s payout ratio is currently 38.06%.

FirstService Company 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.