FirstService Corporation $FSV Holdings Raised by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. boosted its stake in shares of FirstService Corporation (NASDAQ:FSV – Free Report) (TSE:FSV) by 1,487.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,475 shares of the financial services provider’s stock after acquiring an additional 41,674 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in FirstService were worth $5,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Copeland Capital Management LLC lifted its position in FirstService by 11.9% in the third quarter. Copeland Capital Management LLC now owns 389,749 shares of the financial services provider’s stock valued at $49,841,000 after purchasing an additional 41,333 shares during the last quarter. Fenimore Asset Management Inc grew its holdings in shares of FirstService by 6.9% in the third quarter. Fenimore Asset Management Inc now owns 130,824 shares of the financial services provider’s stock worth $16,730,000 after purchasing an additional 8,426 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of FirstService in the second quarter worth approximately $220,000. Nykredit A S bought a new position in shares of FirstService in the second quarter worth approximately $1,585,000. Finally, Corient Private Wealth LP purchased a new position in shares of FirstService in the second quarter worth $885,000. 69.35% of the stock is currently owned by institutional investors.

FirstService Price Performance

Shares of FirstService stock opened at $130.65 on Thursday. The business has a 50 day moving average of $136.28 and a 200 day moving average of $138.74. FirstService Corporation has a 52 week low of $119.41 and a 52 week high of $189.05. The company has a market cap of $5.71 billion, a PE ratio of 37.01, a P/E/G ratio of 2.90 and a beta of 0.95. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.03.

FirstService (NASDAQ:FSV – Get Free Report) (TSE:FSV) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.04. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. FirstService had a net margin of 2.88% and a return on equity of 18.07%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.71 earnings per share. As a group, equities research analysts forecast that FirstService Corporation will post 5.61 earnings per share for the current year.

FirstService Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 30th were issued a $0.3050 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $1.22 annualized dividend and a yield of 0.9%. FirstService’s dividend payout ratio is 34.56%.

Wall Street Analyst Weigh In

A number of research firms recently commented on FSV. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $175.00 price target on shares of FirstService in a report on Friday, July 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of FirstService in a report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $144.00 price target on shares of FirstService in a report on Friday, July 24th. TD Securities restated a “buy” rating and issued a $195.00 price objective on shares of FirstService in a research report on Friday, July 24th. Finally, Wall Street Zen downgraded shares of FirstService from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $184.20.

Check Out Our Latest Research Report on FSV

About FirstService

(Free Report)

FirstService Corporation is a North American property services company headquartered in Toronto, Canada. The company provides services to residential and commercial properties through two primary business segments: FirstService Residential and FirstService Brands.

FirstService Residential provides property management and related services for condominium, cooperative, homeowners’ association and other residential communities. Its services include community administration, financial management, maintenance coordination, customer support and project management.

Featured Stories

• Five stocks we like better than FirstService
• Tesla Wants to Make Its Own Chips—What Could Go Wrong?
• IREN Limited’s AI Pivot Gains Traction—But Can Its Data Centers Deliver?
• PBF Energy’s Stunning Rally Faces a Critical Test
• Citi Stock Falls Despite Earnings Beat: What Investors Need to Know

Want to see what other hedge funds are holding FSV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FirstService Corporation (NASDAQ:FSV – Free Report) (TSE:FSV).