Knowledge Leaders Capital LLC Has $1.63 Million Position in FirstService Co. (NASDAQ:FSV)

Knowledge Leaders Capital LLC trimmed its position in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 3.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,980 shares of the financial services provider’s stock after selling 320 shares during the period. FirstService accounts for approximately 2.6% of Knowledge Leaders Capital LLC’s investment portfolio, making the stock its 9th biggest position. Knowledge Leaders Capital LLC’s holdings in FirstService were worth $1,625,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FSV. Mackenzie Financial Corp raised its position in FirstService by 17.4% during the 3rd quarter. Mackenzie Financial Corp now owns 2,364,766 shares of the financial services provider’s stock worth $334,631,000 after purchasing an additional 349,894 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in FirstService by 18.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 352,941 shares of the financial services provider’s stock worth $51,333,000 after purchasing an additional 55,095 shares during the last quarter. Quadrature Capital Ltd raised its position in FirstService by 30.1% during the 3rd quarter. Quadrature Capital Ltd now owns 233,700 shares of the financial services provider’s stock worth $34,237,000 after purchasing an additional 54,000 shares during the last quarter. Royal Bank of Canada raised its position in FirstService by 8.2% during the 3rd quarter. Royal Bank of Canada now owns 699,088 shares of the financial services provider’s stock worth $101,744,000 after purchasing an additional 53,041 shares during the last quarter. Finally, American Century Companies Inc. raised its position in FirstService by 7.8% during the 3rd quarter. American Century Companies Inc. now owns 462,391 shares of the financial services provider’s stock worth $67,267,000 after purchasing an additional 33,438 shares during the last quarter. 69.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FSV has been the subject of several analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $187.00 target price on shares of FirstService in a research report on Wednesday, February 7th. Raymond James raised their target price on FirstService from $185.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Scotiabank initiated coverage on FirstService in a report on Thursday, April 11th. They set a “sector perform” rating and a $170.00 price target for the company. StockNews.com downgraded FirstService from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Finally, TheStreet downgraded FirstService from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, FirstService has an average rating of “Moderate Buy” and an average target price of $177.86.

FirstService Trading Down 1.2 %

FirstService stock traded down $1.82 during trading hours on Friday, reaching $149.80. 82,212 shares of the company’s stock were exchanged, compared to its average volume of 85,591. The company has a quick ratio of 1.82, a current ratio of 1.97 and a debt-to-equity ratio of 0.89. The firm’s 50 day simple moving average is $161.56 and its 200 day simple moving average is $158.34. FirstService Co. has a twelve month low of $134.77 and a twelve month high of $171.94. The firm has a market capitalization of $6.74 billion, a PE ratio of 74.16 and a beta of 0.97.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its earnings results on Wednesday, April 24th. The financial services provider reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. FirstService had a net margin of 2.02% and a return on equity of 15.16%. Research analysts predict that FirstService Co. will post 4.6 earnings per share for the current year.

FirstService Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 29th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.00 dividend on an annualized basis and a yield of 0.67%. This is an increase from FirstService’s previous quarterly dividend of $0.23. FirstService’s payout ratio is 49.51%.

About FirstService

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.