FirstService Co. (NASDAQ:FSV) shares purchased by Zurcher Kantonalbank Zürich Cantonalbank

Zurcher Kantonalbank Zürich Cantonalbank has acquired its interest in the shares of FirstService Co. (NASDAQ:FSV – Free Report) (TSE:FSV) increased 20.8% during the fourth quarter, the company said in its most recent filing with the Securities and Exchange Commission. The company owned 17,922 shares of the financial services provider, having purchased an additional 3,080 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in FirstService were worth $2,917,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Prime Capital Investment Advisors LLC acquired a new stake in FirstService during the fourth quarter worth approximately $2,868,000. Raymond James & Associates grew its holdings in shares of FirstService by 6.2% in the fourth quarter. Raymond James & Associates now owns 118,713 shares of the financial services provider’s stock valued at $19,242,000 after purchasing an additional 6,895 shares during the period. Vanguard Group Inc. increased its stake in FirstService shares by 1.9% in the third quarter. Vanguard Group Inc. now owns 1,582,337 shares of the financial services provider’s stock valued at $230,293,000 after purchasing an additional 29,482 shares during the period. Bank of Nova Scotia increased its stake in FirstService shares by 4.0% in the third quarter. Bank of Nova Scotia now owns 349,586 shares of the financial services provider’s stock valued at $50,848,000 after purchasing an additional 13,320 shares during the period. Finally, American Century Companies Inc. increased its stake in FirstService shares by 7.8% in the third quarter. American Century Companies Inc. now owns 462,391 shares of the financial services provider’s stock valued at $67,267,000 after purchasing an additional 33,438 shares during the period. Institutional investors and hedge funds own 69.35% of the company’s shares.

Analyst upgrades and downgrades

A number of brokers have recently expressed their opinions on FSV. Scotiabank began reporting on FirstService in a report on Thursday, April 11. They issued a sector perform rating and a $170.00 price target on the stock. BMO Capital Markets lowered their price target on FirstService from $196.00 to $193.00 and set an “outperform” rating for the stock in a report on Wednesday, February 7. Raymond James lifted their price target on FirstService from $185.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, January 26. TheStreet downgraded FirstService from a “b-” rating to a “c” rating in a research note on Tuesday, February 6. Finally, Royal Bank of Canada reissued an “outperform” rating and a $187.00 price target on shares of FirstService in a research note on Wednesday, February 7th. Two analysts have rated the stock with a hold rating and five have rated the stock with a buy rating. According to MarketBeat.com, FirstService currently has an average rating of “Moderate Buy” and an average price target of $177.86.

Check out our latest analysis on FirstService

FirstService stock increase 1.8%

Shares of FirstService opened at $152.13 on Tuesday. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 67.92 and a beta of 0.97. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.15. The stock has a 50-day moving average of $162.59 and a two-hundred-day moving average of $158.32. FirstService Co. has a 12-month low of $134.77 and a 12-month high of $171.94.

FirstService (NASDAQ:FSV – Get Free Report) (TSE:FSV) last reported its earnings results on Tuesday, February 6. The financial services provider reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.04). The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. FirstService had a return on equity of 17.56% and a net margin of 2.32%. Stock analysts expect FirstService Co. will post earnings per share of 4.6 for the current year.

FirstService increases dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5. Shareholders of record on Friday, March 29, received a dividend of $0.25 per share. The ex-dividend date was Wednesday, March 27. This represents a $1.00 annualized dividend and a 0.66% yield. This is a boost from FirstService’s previous quarterly dividend of $0.23. FirstService’s dividend payout ratio currently stands at 44.64%.

FirstService profile

(Free report)

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential real estate services to residential and commercial clients in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment provides services for private residential communities such as condominiums, cooperatives, homeowners’ associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.

Analyst upgrades and downgrades

FirstService stock increase 1.8%

FirstService increases dividend

FirstService profile

Recommended articles

Related Posts