Dearborn Partners LLC Has $277,000 Stake in FirstService Co. (NASDAQ:FSV)

Dearborn Partners LLC reduced its position in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,528 shares of the financial services provider’s stock after selling 99 shares during the quarter. Dearborn Partners LLC’s holdings in FirstService were worth $277,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Versant Capital Management Inc bought a new position in shares of FirstService during the 4th quarter worth about $29,000. Trust Co. of Vermont acquired a new position in FirstService in the fourth quarter worth about $46,000. Wilmington Savings Fund Society FSB bought a new position in FirstService during the third quarter worth about $53,000. Venturi Wealth Management LLC acquired a new stake in FirstService during the third quarter valued at approximately $66,000. Finally, Blue Trust Inc. grew its stake in shares of FirstService by 158.2% in the 4th quarter. Blue Trust Inc. now owns 728 shares of the financial services provider’s stock valued at $133,000 after purchasing an additional 446 shares during the period. Institutional investors and hedge funds own 69.35% of the company’s stock.

FirstService Trading Down 0.5 %

Shares of FSV opened at $165.12 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75. The company has a market cap of $7.50 billion, a price-to-earnings ratio of 55.60 and a beta of 1.12. The stock has a fifty day moving average price of $177.84 and a two-hundred day moving average price of $182.44. FirstService Co. has a 52-week low of $141.26 and a 52-week high of $197.84.

FirstService Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Monday, March 31st will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.67%. This is a boost from FirstService’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, March 31st. FirstService’s payout ratio is currently 37.04%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FSV shares. StockNews.com lowered FirstService from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Raymond James boosted their target price on shares of FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $201.67.

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.