Van Berkom & Associates Inc. lessened its holdings in shares of FirstService Corp (NASDAQ:FSV) (TSE:FSV) by 0.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 755,796 shares of the financial services provider’s stock after selling 307 shares during the quarter. FirstService makes up about 3.6% of Van Berkom & Associates Inc.’s investment portfolio, making the stock its 4th biggest position. Van Berkom & Associates Inc. owned 1.93% of FirstService worth $124,628,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FSV. JPMorgan Chase & Co. raised its position in shares of FirstService by 838.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 134,136 shares of the financial services provider’s stock worth $12,742,000 after buying an additional 119,839 shares during the period. Mawer Investment Management Ltd. raised its position in shares of FirstService by 62.6% in the 2nd quarter. Mawer Investment Management Ltd. now owns 407,194 shares of the financial services provider’s stock worth $39,265,000 after buying an additional 156,826 shares during the period. PCJ Investment Counsel Ltd. raised its position in shares of FirstService by 228.2% in the 2nd quarter. PCJ Investment Counsel Ltd. now owns 109,454 shares of the financial services provider’s stock worth $10,554,000 after buying an additional 76,104 shares during the period. AJO LP raised its position in shares of FirstService by 1.3% in the 1st quarter. AJO LP now owns 107,327 shares of the financial services provider’s stock worth $9,589,000 after buying an additional 1,384 shares during the period. Finally, BB&T Securities LLC raised its position in shares of FirstService by 0.6% in the 2nd quarter. BB&T Securities LLC now owns 23,454 shares of the financial services provider’s stock worth $2,249,000 after buying an additional 146 shares during the period. 61.03% of the stock is currently owned by institutional investors.

NASDAQ FSV traded up $0.88 during trading hours on Wednesday, hitting $102.16. The company had a trading volume of 1,264 shares, compared to its average volume of 23,125. FirstService Corp has a fifty-two week low of $64.87 and a fifty-two week high of $111.08. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 56.32 and a beta of 0.85. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.46 and a quick ratio of 1.46. The firm’s 50 day moving average is $103.23 and its 200 day moving average is $94.14.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.31. FirstService had a positive return on equity of 28.17% and a negative net margin of 11.58%. The firm had revenue of $573.90 million during the quarter, compared to the consensus estimate of $550.77 million. During the same period in the prior year, the firm earned $0.86 EPS. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, equities analysts anticipate that FirstService Corp will post 2.19 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Investors of record on Monday, September 30th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.60 annualized dividend and a yield of 0.59%. FirstService’s dividend payout ratio is currently 33.33%.

FSV has been the topic of several research reports. Zacks Investment Research raised FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 target price on the stock in a research report on Tuesday, June 25th. Raymond James increased their target price on FirstService from $95.00 to $105.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. TheStreet lowered FirstService from a “b” rating to a “c” rating in a research report on Thursday, July 25th. BMO Capital Markets increased their price target on FirstService to $106.00 in a report on Friday, May 24th. Finally, Royal Bank of Canada increased their price target on FirstService from $102.00 to $110.00 and gave the company a “sector perform” rating in a report on Thursday, July 25th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $107.75.

About FirstService

FirstService Corporation, together with its subsidiaries, provides residential property services to residential and commercial customers in the United States and Canada. The company operates through two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment provides property management 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.

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Institutional Ownership by Quarter for FirstService (NASDAQ:FSV)

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