Versant Capital Management Inc Has $215,000 Holdings in FirstService Co. (NASDAQ:FSV)

Versant Capital Management Inc grew its holdings in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 716.4% during the 1st quarter, Holdings Channel reports. The firm owned 1,298 shares of the financial services provider’s stock after purchasing an additional 1,139 shares during the period. Versant Capital Management Inc’s holdings in FirstService were worth $215,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. boosted its position in shares of FirstService by 158.2% in 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 last quarter. DAVENPORT & Co LLC lifted its stake in FirstService by 77.6% in the fourth quarter. DAVENPORT & Co LLC now owns 5,074 shares of the financial services provider’s stock valued at $918,000 after buying an additional 2,217 shares during the period. Berry Wealth Group LP boosted its holdings in FirstService by 5.4% during the fourth quarter. Berry Wealth Group LP now owns 1,786 shares of the financial services provider’s stock worth $323,000 after buying an additional 91 shares during the last quarter. Jennison Associates LLC grew its position in shares of FirstService by 686.9% during the 4th quarter. Jennison Associates LLC now owns 37,702 shares of the financial services provider’s stock worth $6,827,000 after buying an additional 32,911 shares during the period. Finally, Sargent Investment Group LLC increased its stake in shares of FirstService by 11.3% in the 4th quarter. Sargent Investment Group LLC now owns 28,506 shares of the financial services provider’s stock valued at $4,999,000 after acquiring an additional 2,903 shares during the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

Wall Street Analysts Forecast Growth

FSV has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of FirstService from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. TD Securities increased their target price on shares of FirstService from $198.00 to $200.00 and gave the stock a “hold” rating in a report on Wednesday, May 7th. Finally, Scotiabank reduced their price target on shares of FirstService from $217.50 to $210.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $206.33.

FirstService Trading Up 0.1%

NASDAQ:FSV opened at $175.94 on Monday. 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 business’s 50-day simple moving average is $171.27 and its 200-day simple moving average is $177.23. FirstService Co. has a fifty-two week low of $146.68 and a fifty-two week high of $197.84. The stock has a market capitalization of $8.00 billion, a PE ratio of 59.24 and a beta of 1.04.

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

FirstService Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Monday, June 30th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Monday, June 30th. FirstService’s payout ratio is presently 38.06%.

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.