Aperio Group LLC raised its stake in shares of FirstService Corporation (NASDAQ:FSV) (TSE:FSV) by 0.1% during the second quarter, Holdings Channel reports. The fund owned 23,761 shares of the financial services provider’s stock after buying an additional 18 shares during the period. Aperio Group LLC’s holdings in FirstService Corporation were worth $1,520,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FSV. Toronto Dominion Bank increased its stake in shares of FirstService Corporation by 0.3% in the first quarter. Toronto Dominion Bank now owns 41,188 shares of the financial services provider’s stock valued at $2,490,000 after buying an additional 121 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of FirstService Corporation by 4.2% in the first quarter. JPMorgan Chase & Co. now owns 4,860 shares of the financial services provider’s stock valued at $224,000 after buying an additional 195 shares during the last quarter. UBS Group AG increased its stake in shares of FirstService Corporation by 21.2% in the first quarter. UBS Group AG now owns 3,427 shares of the financial services provider’s stock valued at $206,000 after buying an additional 600 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of FirstService Corporation by 10.3% in the first quarter. Parametric Portfolio Associates LLC now owns 7,853 shares of the financial services provider’s stock valued at $474,000 after buying an additional 733 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of FirstService Corporation by 37.7% in the first quarter. Legal & General Group Plc now owns 3,289 shares of the financial services provider’s stock valued at $198,000 after buying an additional 900 shares during the last quarter. 58.68% of the stock is currently owned by hedge funds and other institutional investors.

FirstService Corporation (NASDAQ FSV) traded up 0.62% during mid-day trading on Friday, hitting $63.48. The stock had a trading volume of 21,150 shares. The firm has a market cap of $2.28 billion, a P/E ratio of 50.78 and a beta of 0.91. The stock has a 50 day moving average of $64.02 and a 200-day moving average of $60.13. FirstService Corporation has a 1-year low of $39.05 and a 1-year high of $67.41.

FirstService Corporation (NASDAQ:FSV) (TSE:FSV) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.11. The company had revenue of $434.90 million for the quarter, compared to the consensus estimate of $421.35 million. FirstService Corporation had a return on equity of 24.64% and a net margin of 2.84%. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 EPS. Analysts predict that FirstService Corporation will post $1.96 EPS for the current fiscal year.

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Several analysts have weighed in on the company. Royal Bank Of Canada lifted their target price on FirstService Corporation from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. BMO Capital Markets reaffirmed a “hold” rating and set a $65.00 target price on shares of FirstService Corporation in a research note on Thursday, April 27th. BidaskClub downgraded FirstService Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Raymond James Financial, Inc. lifted their target price on FirstService Corporation from $61.00 to $63.00 and gave the company a “market perform” rating in a research note on Thursday, April 27th. Finally, Zacks Investment Research downgraded FirstService Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $67.00.

FirstService Corporation Company Profile

Firstservice Corporation is a provider of residential property management and other essential property services to residential and commercial customers. The Company operates through two segments: FirstService Residential and FirstService Brands. FirstService Residential is a property manager and provides ancillary services in the areas of on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel, and landscaping; banking and insurance products, and energy conservation and management solutions.

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Institutional Ownership by Quarter for FirstService Corporation (NASDAQ:FSV)

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