National Bank of Canada FI Buys 26,297 Shares of FirstService Co. (NASDAQ:FSV)

National Bank of Canada FI raised its stake in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 8.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 321,985 shares of the financial services provider’s stock after acquiring an additional 26,297 shares during the period. National Bank of Canada FI’s holdings in FirstService were worth $50,897,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in FSV. Raymond James & Associates boosted its position in shares of FirstService by 1.8% during the 3rd quarter. Raymond James & Associates now owns 111,818 shares of the financial services provider’s stock valued at $16,274,000 after acquiring an additional 1,955 shares during the last quarter. Bank of New York Mellon Corp increased its stake in FirstService by 10.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 57,563 shares of the financial services provider’s stock worth $8,378,000 after purchasing an additional 5,657 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in FirstService by 3.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,842 shares of the financial services provider’s stock worth $2,169,000 after purchasing an additional 507 shares during the period. Advisor Partners II LLC increased its stake in shares of FirstService by 41.0% during the third quarter. Advisor Partners II LLC now owns 2,275 shares of the financial services provider’s stock valued at $331,000 after buying an additional 662 shares during the period. Finally, ARS Wealth Advisors Group LLC purchased a new position in shares of FirstService during the third quarter valued at approximately $3,178,000. 69.35% of the stock is owned by hedge funds and other institutional investors.

FirstService Trading Up 0.3 %

FSV traded up $0.49 during trading on Monday, hitting $150.03. 39,494 shares of the stock were exchanged, compared to its average volume of 77,345. FirstService Co. has a 1 year low of $134.77 and a 1 year high of $171.94. The firm has a 50 day simple moving average of $159.93 and a 200 day simple moving average of $158.70. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 74.03 and a beta of 1.01. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.00 and a current ratio of 2.00.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. FirstService had a return on equity of 16.42% and a net margin of 2.02%. As a group, equities analysts expect that FirstService Co. will post 4.38 EPS for the current year.

Wall Street Analysts Forecast Growth

FSV has been the topic of several research analyst reports. Raymond James boosted their target price on FirstService from $185.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. BMO Capital Markets dropped their target price on FirstService from $196.00 to $193.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Scotiabank began coverage on FirstService in a report on Thursday, April 11th. They issued a “sector perform” rating and a $170.00 target price on the stock. TheStreet downgraded FirstService from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. Finally, StockNews.com downgraded FirstService from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, FirstService currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.00.

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.