Duncker Streett & Co. Inc. Buys 544 Shares of FirstService Co. (NASDAQ:FSV)

Duncker Streett & Co. Inc. increased its stake in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 335.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 706 shares of the financial services provider’s stock after purchasing an additional 544 shares during the period. Duncker Streett & Co. Inc.’s holdings in FirstService were worth $114,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Mackenzie Financial Corp lifted its holdings in FirstService by 71.4% in the fourth quarter. Mackenzie Financial Corp now owns 1,864,158 shares of the financial services provider’s stock valued at $227,913,000 after buying an additional 776,456 shares during the period. Norges Bank acquired a new stake in shares of FirstService during the fourth quarter worth $56,942,000. Morgan Stanley increased its holdings in FirstService by 412.2% in the fourth quarter. Morgan Stanley now owns 357,702 shares of the financial services provider’s stock valued at $43,836,000 after purchasing an additional 287,863 shares during the last quarter. Durable Capital Partners LP lifted its stake in FirstService by 7.6% in the first quarter. Durable Capital Partners LP now owns 3,391,256 shares of the financial services provider’s stock valued at $491,325,000 after buying an additional 238,980 shares during the period. Finally, United Capital Financial Advisers LLC acquired a new stake in shares of FirstService in the 4th quarter valued at approximately $28,511,000. Institutional investors and hedge funds own 69.35% of the company’s stock.

FirstService Trading Down 0.4 %

NASDAQ FSV opened at $150.10 on Thursday. The stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of 67.01 and a beta of 0.97. FirstService Co. has a 52 week low of $134.77 and a 52 week high of $171.94. The stock’s 50 day moving average price is $163.54 and its two-hundred day moving average price is $158.04. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.82 and a current ratio of 1.82.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its earnings results on Tuesday, February 6th. The financial services provider reported $1.03 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.04). FirstService had a return on equity of 17.56% and a net margin of 2.32%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. As a group, analysts anticipate that FirstService Co. will post 4.69 earnings per share for the current fiscal year.

FirstService Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 29th were given a $0.25 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.67%. This is an increase from FirstService’s previous quarterly dividend of $0.23. FirstService’s payout ratio is currently 44.64%.

Analyst Ratings Changes

FSV has been the subject of a number of analyst reports. TheStreet cut shares of FirstService from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. BMO Capital Markets cut their price objective on FirstService from $196.00 to $193.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. StockNews.com lowered FirstService from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Scotiabank initiated coverage on shares of FirstService in a report on Thursday, April 11th. They set a “sector perform” rating and a $170.00 target price on the stock. Finally, Raymond James upped their price target on shares of FirstService from $185.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, FirstService presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.86.

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.