Massachusetts Financial Services Co. MA Has $20.60 Million Holdings in FirstService Co. (NASDAQ:FSV)

Massachusetts Financial Services Co. MA decreased its position in FirstService Co. (NASDAQ:FSVFree Report) (TSE:FSV) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 127,067 shares of the financial services provider’s stock after selling 898 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.28% of FirstService worth $20,596,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in FSV. Benjamin F. Edwards & Company Inc. bought a new stake in FirstService during the fourth quarter worth about $39,000. Spire Wealth Management bought a new position in FirstService in the fourth quarter valued at approximately $40,000. Signaturefd LLC raised its position in FirstService by 28.5% during the third quarter. Signaturefd LLC now owns 500 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 111 shares in the last quarter. Duncker Streett & Co. Inc. raised its position in FirstService by 335.8% during the fourth quarter. Duncker Streett & Co. Inc. now owns 706 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 544 shares in the last quarter. Finally, Metis Global Partners LLC acquired a new stake in shares of FirstService in the 4th quarter valued at $228,000. Institutional investors own 69.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $187.00 price objective on shares of FirstService in a research note on Wednesday, February 7th. Raymond James boosted their price objective on shares of FirstService from $185.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. TheStreet downgraded FirstService from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. Scotiabank started coverage on FirstService in a research note on Thursday, April 11th. They issued a “sector perform” rating and a $170.00 price objective on the stock. Finally, StockNews.com downgraded shares of FirstService from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $186.00.

Get Our Latest Research Report on FirstService

FirstService Stock Down 0.4 %

FirstService stock opened at $148.62 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market cap of $6.68 billion, a PE ratio of 73.57 and a beta of 1.01. FirstService Co. has a fifty-two week low of $134.77 and a fifty-two week high of $171.94. The firm’s 50-day simple moving average is $156.91 and its 200 day simple moving average is $159.29.

FirstService (NASDAQ:FSVGet Free Report) (TSE:FSV) last announced its earnings results on Wednesday, April 24th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. FirstService had a net margin of 2.02% and a return on equity of 16.42%. Research analysts predict that FirstService Co. will post 4.38 EPS for the current fiscal year.

FirstService Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 28th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.67%. FirstService’s dividend payout ratio is presently 49.50%.

FirstService Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for FirstService (NASDAQ:FSV)

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