Quantbot Technologies LP Has $1.04 Million Stake in FirstService Co. (NASDAQ:FSV)

Quantbot Technologies LP trimmed its stake in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 42.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,705 shares of the financial services provider’s stock after selling 4,224 shares during the quarter. Quantbot Technologies LP’s holdings in FirstService were worth $1,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FSV. Blue Trust Inc. boosted its stake in shares of FirstService by 8,066.7% during the 2nd quarter. Blue Trust Inc. now owns 245 shares of the financial services provider’s stock valued at $41,000 after buying an additional 242 shares during the period. Benjamin Edwards Inc. raised its holdings in shares of FirstService by 35.0% during the second quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 91 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in FirstService by 49.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 416 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 138 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in FirstService in the 3rd quarter worth about $66,000. Finally, First Horizon Advisors Inc. raised its stake in shares of FirstService by 40.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 488 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 141 shares in the last quarter. 69.35% of the stock is owned by hedge funds and other institutional investors.

FirstService Stock Down 0.3 %

FirstService stock opened at $194.19 on Friday. The firm has a market cap of $8.76 billion, a price-to-earnings ratio of 80.91 and a beta of 1.05. The firm has a fifty day moving average price of $186.31 and a two-hundred day moving average price of $171.05. FirstService Co. has a fifty-two week low of $141.26 and a fifty-two week 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 data 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. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.32 billion. FirstService had a net margin of 2.19% and a return on equity of 16.68%. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.18 earnings per share. As a group, analysts forecast that FirstService Co. will post 4.58 earnings per share for the current year.

FirstService Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were given a dividend of $0.25 per share. The ex-dividend date was Monday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 0.51%. FirstService’s dividend payout ratio (DPR) is currently 41.67%.

Analyst Ratings Changes

FSV has been the topic of a number of research reports. Stifel Nicolaus increased their price objective on 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. TD Securities lifted their price objective on shares of FirstService from $179.00 to $182.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Finally, Scotiabank increased their target price on shares of FirstService from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $198.33.

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.