Signaturefd LLC Purchases 95 Shares of FirstService Co. (NASDAQ:FSV)

Signaturefd LLC increased its holdings in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,363 shares of the financial services provider’s stock after acquiring an additional 95 shares during the period. Signaturefd LLC’s holdings in FirstService were worth $247,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FSV. Versant Capital Management Inc purchased a new stake in shares of FirstService during the 4th quarter worth approximately $29,000. Trust Co. of Vermont bought a new stake in shares of FirstService in the fourth quarter valued at $46,000. Wilmington Savings Fund Society FSB purchased a new position in shares of FirstService during the 3rd quarter valued at $53,000. Blue Trust Inc. grew its stake in shares of FirstService by 158.2% during the 4th quarter. Blue Trust Inc. now owns 728 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 446 shares during the period. Finally, Gitterman Wealth Management LLC purchased a new stake in FirstService in the 4th quarter worth about $201,000. 69.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FSV has been the subject of a number of research reports. StockNews.com upgraded shares of FirstService from a “hold” rating to a “buy” rating in a research report on Wednesday. Raymond James lifted their price objective 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. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, FirstService presently has a consensus rating of “Moderate Buy” and an average price target of $201.67.

FirstService Stock Performance

NASDAQ FSV opened at $170.30 on Friday. The company’s 50 day simple moving average is $175.68 and its two-hundred day simple moving average is $181.66. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79. FirstService Co. has a 1 year low of $141.26 and a 1 year high of $197.84. The stock has a market capitalization of $7.74 billion, a PE ratio of 57.34 and a beta of 1.12.

FirstService Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Monday, March 31st will be paid a dividend of $0.275 per share. This is a positive change from FirstService’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.10 annualized dividend and a yield of 0.65%. FirstService’s dividend payout ratio (DPR) is currently 37.04%.

About FirstService

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.