Geneva Capital Management LLC Acquires 1,416 Shares of FirstService Co. (NASDAQ:FSV)

Geneva Capital Management LLC boosted its holdings in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 0.6% in the third quarter, Holdings Channel reports. The firm owned 240,944 shares of the financial services provider’s stock after purchasing an additional 1,416 shares during the quarter. Geneva Capital Management LLC’s holdings in FirstService were worth $43,963,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in FSV. The Manufacturers Life Insurance Company grew its holdings in shares of FirstService by 6.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,733,694 shares of the financial services provider’s stock worth $415,427,000 after purchasing an additional 174,970 shares during the last quarter. Vanguard Group Inc. boosted its position in FirstService by 4.8% in the first quarter. Vanguard Group Inc. now owns 1,654,783 shares of the financial services provider’s stock valued at $274,363,000 after buying an additional 76,503 shares in the last quarter. Conestoga Capital Advisors LLC grew its stake in FirstService by 1.6% during the third quarter. Conestoga Capital Advisors LLC now owns 1,449,933 shares of the financial services provider’s stock worth $264,555,000 after buying an additional 23,082 shares during the last quarter. William Blair Investment Management LLC increased its holdings in shares of FirstService by 0.8% during the second quarter. William Blair Investment Management LLC now owns 861,871 shares of the financial services provider’s stock worth $131,323,000 after buying an additional 6,863 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of FirstService by 3.4% in the second quarter. Renaissance Technologies LLC now owns 643,388 shares of the financial services provider’s stock valued at $98,033,000 after acquiring an additional 21,100 shares during the last quarter. 69.35% of the stock is owned by institutional investors and hedge funds.

FirstService Trading Up 0.2 %

Shares of NASDAQ FSV opened at $187.08 on Wednesday. FirstService Co. has a fifty-two week low of $141.26 and a fifty-two week high of $192.71. The firm has a market capitalization of $8.44 billion, a P/E ratio of 77.95 and a beta of 1.05. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.79 and a quick ratio of 1.79. The company’s 50 day simple moving average is $183.45 and its 200 day simple moving average is $167.62.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.21. FirstService had a return on equity of 16.68% and a net margin of 2.19%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the business posted $1.18 EPS. The firm’s quarterly revenue was up 25.0% on a year-over-year basis. On average, analysts predict that FirstService Co. will post 4.58 EPS for the current year.

FirstService Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were paid a $0.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.53%. FirstService’s dividend payout ratio (DPR) is presently 41.67%.

Wall Street Analyst Weigh In

FSV has been the topic of a number of research analyst reports. TD Securities increased their price target on FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Scotiabank raised their target price on FirstService from $190.00 to $200.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 15th. Stifel Nicolaus upped their price target on shares of FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Royal Bank of Canada increased their price objective on shares of FirstService from $187.00 to $192.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, StockNews.com upgraded shares of FirstService from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, FirstService presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.33.

FirstService Company Profile

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.