Prime Capital Investment Advisors LLC Has $879,000 Stock Holdings in FirstService Co. (NASDAQ:FSV)

Prime Capital Investment Advisors LLC reduced its position in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 41.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,819 shares of the financial services provider’s stock after selling 3,415 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in FirstService were worth $879,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Toronto Dominion Bank increased its position in shares of FirstService by 68.0% during the first quarter. Toronto Dominion Bank now owns 68,856 shares of the financial services provider’s stock worth $11,416,000 after acquiring an additional 27,871 shares in the last quarter. Amica Mutual Insurance Co. raised its stake in shares of FirstService by 99.9% in the second quarter. Amica Mutual Insurance Co. now owns 9,908 shares of the financial services provider’s stock worth $1,510,000 after purchasing an additional 4,952 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of FirstService by 8.2% in the second quarter. Envestnet Asset Management Inc. now owns 193,129 shares of the financial services provider’s stock valued at $29,427,000 after purchasing an additional 14,579 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of FirstService by 21.5% during the first quarter. Russell Investments Group Ltd. now owns 20,592 shares of the financial services provider’s stock valued at $3,414,000 after buying an additional 3,644 shares during the last quarter. Finally, William Blair Investment Management LLC grew its holdings in FirstService by 0.8% during the second quarter. William Blair Investment Management LLC now owns 861,871 shares of the financial services provider’s stock worth $131,323,000 after buying an additional 6,863 shares in the last quarter. Institutional investors own 69.35% of the company’s stock.

FirstService Stock Performance

NASDAQ:FSV opened at $186.16 on Friday. The business has a fifty day simple moving average of $183.91 and a two-hundred day simple moving average of $168.13. FirstService Co. has a 1 year low of $141.26 and a 1 year high of $192.71. The company has a market capitalization of $8.40 billion, a P/E ratio of 77.57 and a beta of 1.05. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.79 and a quick ratio of 1.79.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its earnings results on Thursday, October 24th. The financial services provider reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.21. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.32 billion. FirstService had a net margin of 2.19% and a return on equity of 16.68%. The company’s revenue was up 25.0% on a year-over-year basis. During the same quarter last year, the company earned $1.18 earnings per share. On average, analysts expect that FirstService Co. will post 4.58 earnings per share for the current year.

FirstService Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 0.54%. FirstService’s dividend payout ratio is currently 41.67%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Scotiabank increased their price objective on shares of FirstService from $190.00 to $200.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 15th. StockNews.com raised shares of FirstService from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada upped their target price on FirstService from $187.00 to $192.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, TD Securities lifted their price target on FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $198.33.

FirstService 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.