Weber Alan W held its stake in shares of FirstService Corporation (NASDAQ:FSV) (TSE:FSV) during the second quarter, according to its most recent filing with the SEC. The fund owned 30,104 shares of the financial services provider’s stock at the end of the second quarter. FirstService Corporation comprises 1.0% of Weber Alan W’s holdings, making the stock its 21st largest position. Weber Alan W’s holdings in FirstService Corporation were worth $1,926,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Neuberger Berman Group LLC bought a new position in FirstService Corporation during the first quarter worth approximately $45,157,000. JPMorgan Chase & Co. boosted its position in FirstService Corporation by 4.2% in the first quarter. JPMorgan Chase & Co. now owns 4,860 shares of the financial services provider’s stock worth $224,000 after buying an additional 195 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in FirstService Corporation by 33.0% in the first quarter. Hillsdale Investment Management Inc. now owns 175,650 shares of the financial services provider’s stock worth $10,600,000 after buying an additional 43,550 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in 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 worth $474,000 after buying an additional 733 shares during the last quarter. Finally, Toronto Dominion Bank boosted its position in FirstService Corporation by 0.3% in the first quarter. Toronto Dominion Bank now owns 41,188 shares of the financial services provider’s stock worth $2,490,000 after buying an additional 121 shares during the last quarter. 58.68% of the stock is currently owned by institutional investors and hedge funds.

FirstService Corporation (NASDAQ FSV) opened at 63.61 on Thursday. FirstService Corporation has a 12-month low of $39.05 and a 12-month high of $67.41. The company has a market capitalization of $2.28 billion, a PE ratio of 50.89 and a beta of 0.91. The stock has a 50 day moving average of $64.02 and a 200-day moving average of $60.01.

FirstService Corporation (NASDAQ:FSV) (TSE:FSV) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.11. The firm had revenue of $434.90 million for the quarter, compared to analyst estimates of $421.35 million. FirstService Corporation had a net margin of 2.84% and a return on equity of 24.64%. FirstService Corporation’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 EPS. Equities analysts expect that FirstService Corporation will post $1.96 earnings per share for the current year.

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A number of research firms have recently commented on FSV. Royal Bank Of Canada upped their price target on shares of FirstService Corporation from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, April 27th. BMO Capital Markets restated a “hold” rating and issued a $65.00 price target on shares of FirstService Corporation in a report on Thursday, April 27th. Raymond James Financial, Inc. upped their price target on shares of FirstService Corporation from $61.00 to $63.00 and gave the stock a “market perform” rating in a report on Thursday, April 27th. BidaskClub cut shares of FirstService Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Finally, Zacks Investment Research cut shares of FirstService Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 27th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average 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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