4,700 Shares in FirstService Corporation $FSV Bought by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC bought a new stake in shares of FirstService Corporation (NASDAQ:FSV) (TSE:FSV) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,700 shares of the financial services provider’s stock, valued at approximately $668,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of FSV. Two Sigma Securities LLC bought a new stake in FirstService in the 2nd quarter valued at $462,000. PensionDanmark Pensionsforsikringsaktieselskab boosted its holdings in shares of FirstService by 39.4% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 21,200 shares of the financial services provider’s stock valued at $3,014,000 after purchasing an additional 5,990 shares during the last quarter. Hilltop National Bank grew its position in shares of FirstService by 4.1% during the second quarter. Hilltop National Bank now owns 2,055 shares of the financial services provider’s stock valued at $292,000 after purchasing an additional 81 shares in the last quarter. Glenmede Trust Co. NA grew its position in shares of FirstService by 32.8% during the first quarter. Glenmede Trust Co. NA now owns 5,585 shares of the financial services provider’s stock valued at $776,000 after purchasing an additional 1,378 shares in the last quarter. Finally, Summitry LLC grew its position in shares of FirstService by 44.9% during the first quarter. Summitry LLC now owns 2,670 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 827 shares in the last quarter. 69.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FSV. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $144.00 target price on shares of FirstService in a research report on Friday, July 24th. TD raised their price target on FirstService from $204.00 to $207.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FirstService in a research note on Wednesday. Wall Street Zen cut FirstService from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $175.00 target price on shares of FirstService in a research report on Friday, July 24th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, FirstService has a consensus rating of “Moderate Buy” and a consensus price target of $184.20.

FirstService Stock Performance

FirstService stock opened at $141.54 on Monday. The company’s 50-day moving average price is $142.27 and its 200-day moving average price is $142.45. FirstService Corporation has a twelve month low of $119.41 and a twelve month high of $209.66. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.03. The company has a market cap of $6.18 billion, a PE ratio of 40.10, a price-to-earnings-growth ratio of 3.13 and a beta of 0.93.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.04. FirstService had a net margin of 2.88% and a return on equity of 18.07%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the firm earned $1.71 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities research analysts forecast that FirstService Corporation will post 5.61 EPS for the current fiscal year.

FirstService 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.