FirstService Corporation $FSV Stake Boosted by Brown Advisory Inc.

Brown Advisory Inc. increased its position in shares of FirstService Corporation (NASDAQ:FSV) (TSE:FSV) by 37.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 330,980 shares of the financial services provider’s stock after purchasing an additional 90,676 shares during the quarter. Brown Advisory Inc.’s holdings in FirstService were worth $51,477,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FSV. Goldman Sachs Group Inc. lifted its stake in FirstService by 79.5% during the first quarter. Goldman Sachs Group Inc. now owns 318,648 shares of the financial services provider’s stock worth $52,880,000 after purchasing an additional 141,152 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in FirstService by 40.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 59,389 shares of the financial services provider’s stock worth $9,856,000 after purchasing an additional 17,072 shares during the last quarter. Strs Ohio acquired a new stake in FirstService in the first quarter worth $38,000. Cetera Investment Advisers increased its position in FirstService by 55.3% in the second quarter. Cetera Investment Advisers now owns 2,599 shares of the financial services provider’s stock worth $454,000 after buying an additional 925 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in FirstService by 400.0% in the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the financial services provider’s stock worth $64,000 after buying an additional 292 shares during the period. 69.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Stifel Nicolaus dropped their target price on FirstService from $215.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. TD Cowen reaffirmed a “buy” rating and issued a $204.00 target price on shares of FirstService in a research report on Wednesday, June 3rd. TD increased their target price on FirstService from $201.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Loop Capital assumed coverage on FirstService in a research report on Monday, May 4th. They issued a “hold” rating and a $140.00 target price on the stock. Finally, Scotiabank dropped their target price on FirstService from $205.00 to $190.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 24th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.22.

FirstService Price Performance

Shares of FSV opened at $143.36 on Monday. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 40.50, a price-to-earnings-growth ratio of 4.35 and a beta of 0.95. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.66 and a current ratio of 1.66. FirstService Corporation has a one year low of $119.41 and a one year high of $209.66. The stock’s fifty day moving average is $139.06 and its 200-day moving average is $148.05.

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

FirstService Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.305 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.22 annualized dividend and a yield of 0.9%. FirstService’s dividend payout ratio (DPR) is currently 34.46%.

About FirstService

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.