Farther Finance Advisors LLC Has $705,000 Stake in FirstService Co. (NASDAQ:FSV)

Farther Finance Advisors LLC lessened its holdings in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 7.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,897 shares of the financial services provider’s stock after selling 326 shares during the period. Farther Finance Advisors LLC’s holdings in FirstService were worth $705,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in FSV. Berry Wealth Group LP grew its position in shares of FirstService by 5.4% in the fourth quarter. Berry Wealth Group LP now owns 1,786 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 91 shares during the last quarter. HighTower Advisors LLC grew its holdings in FirstService by 3.5% in the 3rd quarter. HighTower Advisors LLC now owns 2,932 shares of the financial services provider’s stock valued at $533,000 after buying an additional 98 shares in the last quarter. Raymond James Trust N.A. grew its holdings in FirstService by 3.2% in the 3rd quarter. Raymond James Trust N.A. now owns 3,523 shares of the financial services provider’s stock valued at $643,000 after buying an additional 110 shares in the last quarter. Versant Capital Management Inc bought a new position in FirstService during the 4th quarter worth $29,000. Finally, Trust Co. of Vermont acquired a new stake in shares of FirstService during the fourth quarter worth $46,000. Institutional investors and hedge funds own 69.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on FSV. Raymond James upped their price target on shares of FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. StockNews.com cut shares of FirstService from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, FirstService presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.67.

FirstService Stock Performance

Shares of NASDAQ:FSV opened at $165.45 on Friday. FirstService Co. has a 1 year low of $141.26 and a 1 year high of $197.84. The stock has a market capitalization of $7.52 billion, a price-to-earnings ratio of 55.71 and a beta of 1.12. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79. The company’s 50 day simple moving average is $176.48 and its 200 day simple moving average is $182.01.

FirstService Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.275 per share. The ex-dividend date is Monday, March 31st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.66%. This is a boost from FirstService’s previous quarterly dividend of $0.25. FirstService’s payout ratio is 37.04%.

FirstService Company Profile

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.