Fiera Capital Corp Has $32.41 Million Holdings in FirstService Corporation $FSV

Fiera Capital Corp lessened its holdings in FirstService Corporation (NASDAQ:FSV) (TSE:FSV) by 14.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 208,305 shares of the financial services provider’s stock after selling 34,613 shares during the period. Fiera Capital Corp owned 0.46% of FirstService worth $32,405,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Truist Financial Corp lifted its stake in shares of FirstService by 0.9% in the 4th quarter. Truist Financial Corp now owns 8,894 shares of the financial services provider’s stock valued at $1,383,000 after purchasing an additional 77 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in shares of FirstService by 5.6% in the 2nd quarter. Evergreen Capital Management LLC now owns 1,462 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 77 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of FirstService by 63.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 79 shares during the last quarter. Parr Mcknight Wealth Management Group LLC lifted its stake in shares of FirstService by 1.1% in the 3rd quarter. Parr Mcknight Wealth Management Group LLC now owns 7,583 shares of the financial services provider’s stock valued at $1,444,000 after purchasing an additional 81 shares during the last quarter. Finally, Pathstone Holdings LLC lifted its stake in shares of FirstService by 0.5% in the 3rd quarter. Pathstone Holdings LLC now owns 17,021 shares of the financial services provider’s stock valued at $3,242,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on FSV. TD lifted their price objective on shares of FirstService from $201.00 to $204.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Stifel Nicolaus cut their target price on shares of FirstService from $215.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, April 27th. TD Cowen reissued a “buy” rating and set a $204.00 target price on shares of FirstService in a research report on Wednesday, June 3rd. Weiss Ratings lowered shares of FirstService from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Finally, Scotiabank cut their target price on shares of FirstService from $205.00 to $190.00 and set a “sector outperform” rating for the company in a research report on Friday, April 24th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $197.22.

FirstService Price Performance

FSV opened at $138.40 on Tuesday. FirstService Corporation has a one year low of $119.41 and a one year high of $209.66. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.66 and a quick ratio of 1.66. The company’s 50 day simple moving average is $138.60 and its 200-day simple moving average is $148.33. The stock has a market capitalization of $6.36 billion, a P/E ratio of 39.10, a price-to-earnings-growth ratio of 4.27 and a beta of 0.95.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. FirstService had a net margin of 2.92% and a return on equity of 17.91%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the firm earned $0.92 earnings per share. FirstService’s revenue was up 5.3% compared to the same quarter last year. Sell-side analysts anticipate that FirstService Corporation will post 5.54 earnings per share for the current fiscal year.

FirstService Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 30th will be paid a $0.305 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.22 dividend on an annualized basis and a yield of 0.9%. FirstService’s dividend payout ratio (DPR) is presently 34.46%.

FirstService Company Profile

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.