Montrusco Bolton Investments Inc. Boosts Holdings in FirstService Corporation $FSV

Montrusco Bolton Investments Inc. grew its holdings in shares of FirstService Corporation (NASDAQ:FSV) (TSE:FSV) by 89.4% during the 4th quarter, HoldingsChannel reports. The fund owned 190,823 shares of the financial services provider’s stock after acquiring an additional 90,075 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in FirstService were worth $29,715,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Captrust Financial Advisors increased its stake in shares of FirstService by 3.0% in the third quarter. Captrust Financial Advisors now owns 247,931 shares of the financial services provider’s stock worth $47,228,000 after buying an additional 7,136 shares during the period. Fenimore Asset Management Inc increased its stake in shares of FirstService by 44.1% in the third quarter. Fenimore Asset Management Inc now owns 144,633 shares of the financial services provider’s stock worth $27,551,000 after buying an additional 44,272 shares during the period. Y Intercept Hong Kong Ltd increased its stake in shares of FirstService by 68.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 15,738 shares of the financial services provider’s stock worth $2,998,000 after buying an additional 6,394 shares during the period. Jacobson & Schmitt Advisors LLC increased its stake in shares of FirstService by 52.4% in the fourth quarter. Jacobson & Schmitt Advisors LLC now owns 144,994 shares of the financial services provider’s stock worth $22,551,000 after buying an additional 49,829 shares during the period. Finally, Louisbourg Investments Inc. purchased a new position in shares of FirstService in the fourth quarter worth $3,837,000. 69.35% of the stock is owned by hedge funds and other institutional investors.

More FirstService News

Here are the key news stories impacting FirstService this week:

• Positive Sentiment: Q1 results beat expectations — FirstService reported $0.95 EPS (vs. consensus ~ $0.89–$0.90) and $1.30B in revenue, up ~5.3% year‑over‑year. The underlying beat supports the firm’s growth profile and helps justify upside to current levels. FirstService Q1 Results (MarketBeat)
• Positive Sentiment: TD raised its price target to $204 and kept a “buy” rating, implying roughly a 39% upside from the cited current price — a vote of confidence from a major bank that can support the stock on optimism about longer‑term earnings. TD Raises Price Target to $204 (BayStreet.CA)
• Neutral Sentiment: Earnings‑call color: management balanced growth commentary with mention of headwinds, which gives investors more nuance but no clear directional change to guidance — investors will watch for how persistent those headwinds are. Earnings Call Highlights (TipRanks)
• Neutral Sentiment: Full earnings transcript is available for detail — useful for investors who want management’s exact comments on margins, cost dynamics and backlog. Q1 2026 Earnings Transcript (The Motley Fool)
• Negative Sentiment: Scotiabank cut its price target from $205 to $190 (still a “sector outperform”), trimming some analyst enthusiasm and reducing the implied upside — a target cut can pressure sentiment even when the rating remains positive. Scotiabank Lowers Target to $190 (BayStreet.CA)

FirstService Stock Performance

Shares of FirstService stock opened at $146.38 on Friday. FirstService Corporation has a 1 year low of $133.42 and a 1 year high of $209.66. The firm’s 50-day moving average is $146.56 and its 200 day moving average is $155.29. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 41.35, a PEG ratio of 4.00 and a beta of 1.09.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its earnings results on Thursday, April 23rd. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. FirstService had a return on equity of 18.27% and a net margin of 2.92%.The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm earned $0.92 EPS. FirstService’s revenue was up 5.3% on a year-over-year basis. Sell-side analysts anticipate that FirstService Corporation will post 5.73 EPS for the current fiscal year.

FirstService Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Tuesday, March 31st were given a $0.305 dividend. This is a positive change from FirstService’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.22 dividend on an annualized basis and a yield of 0.8%. FirstService’s payout ratio is presently 38.61%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FSV. Wall Street Zen cut shares of FirstService from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. TD Cowen cut their price target on shares of FirstService from $217.00 to $201.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. BMO Capital Markets reiterated an “outperform” rating and issued a $202.00 price target on shares of FirstService in a report on Thursday, February 5th. Weiss Ratings restated a “hold (c)” rating on shares of FirstService in a report on Friday, March 27th. Finally, TD boosted their target price on shares of FirstService from $201.00 to $204.00 and gave the company a “buy” rating in a report on Friday. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, FirstService has an average rating of “Moderate Buy” and a consensus price target of $205.88.

FirstService Company Profile

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.