Aviva PLC Purchases 2,578 Shares of FirstService Corporation $FSV

Aviva PLC raised its position in FirstService Corporation (NASDAQ:FSV) (TSE:FSV) by 9.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,972 shares of the financial services provider’s stock after purchasing an additional 2,578 shares during the period. Aviva PLC owned approximately 0.06% of FirstService worth $5,055,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of FSV. TCTC Holdings LLC grew its holdings in shares of FirstService by 155.2% in the 1st quarter. TCTC Holdings LLC now owns 171 shares of the financial services provider’s stock valued at $28,000 after buying an additional 104 shares during the period. Strs Ohio bought a new position in FirstService during the first quarter worth about $38,000. SVB Wealth LLC bought a new position in FirstService during the first quarter worth about $90,000. State of Wyoming grew its stake in FirstService by 11.1% in the first quarter. State of Wyoming now owns 621 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 62 shares during the period. Finally, Hardy Reed LLC bought a new stake in shares of FirstService in the second quarter worth about $216,000. 69.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. BMO Capital Markets set a $209.00 price objective on FirstService and gave the company an “outperform” rating in a report on Friday, October 24th. TD Securities cut their price target on shares of FirstService from $213.00 to $211.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Raymond James Financial lowered their price objective on shares of FirstService from $225.00 to $215.00 and set an “outperform” rating for the company in a research report on Monday, October 27th. CIBC dropped their price objective on shares of FirstService from $225.00 to $216.00 and set an “outperform” rating on the stock in a report on Friday, October 24th. Finally, Scotiabank raised shares of FirstService from a “sector perform” rating to a “sector outperform” rating and cut their price objective for the company from $220.00 to $205.00 in a research report on Friday, October 24th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $211.83.

FirstService Trading Down 0.2%

FirstService stock opened at $156.35 on Thursday. The company has a market cap of $7.15 billion, a price-to-earnings ratio of 51.77 and a beta of 0.99. The firm has a 50-day moving average of $182.37 and a 200-day moving average of $182.85. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.73 and a quick ratio of 1.76. FirstService Corporation has a one year low of $149.13 and a one year high of $209.66.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its earnings results on Thursday, October 23rd. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.76. FirstService had a return on equity of 17.98% and a net margin of 2.53%.The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the company posted $1.63 earnings per share. FirstService’s revenue was up 3.7% on a year-over-year basis. On average, equities analysts expect that FirstService Corporation will post 5.27 earnings per share for the current fiscal year.

FirstService Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 30th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, September 30th. FirstService’s dividend payout ratio is presently 36.42%.

About FirstService

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.