FirstService Co. (NASDAQ:FSV) Stake Raised by Russell Investments Group Ltd. (2024)

Posted by Defense World Staff on Jul 25th, 2024

Russell Investments Group Ltd. raised its holdings in shares of FirstService Co. (NASDAQ:FSV – Free Report) (TSE:FSV) by 21.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,592 shares of the financial services provider’s stock after acquiring an additional 3,644 shares during the quarter. Russell Investments Group Ltd.’s holdings in FirstService were worth $3,414,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in FirstService by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,582,337 shares of the financial services provider’s stock worth $230,293,000 after buying an additional 29,482 shares in the last quarter. Raymond James & Associates boosted its position in FirstService by 6.2% during the fourth quarter. Raymond James & Associates now owns 118,713 shares of the financial services provider’s stock valued at $19,242,000 after purchasing an additional 6,895 shares during the last quarter. Fenimore Asset Management Inc. grew its stake in FirstService by 0.6% in the fourth quarter. Fenimore Asset Management Inc. now owns 93,641 shares of the financial services provider’s stock valued at $15,178,000 after purchasing an additional 550 shares in the last quarter. Prime Capital Investment Advisors LLC acquired a new position in FirstService in the 4th quarter worth about $2,868,000. Finally, Tritonpoint Wealth LLC purchased a new stake in shares of FirstService during the 4th quarter worth about $612,000. Institutional investors and hedge funds own 69.35% of the company’s stock.

Analyst Upgrades and Downgrades

FSV has been the topic of several recent research reports. BMO Capital Markets raised their price objective on shares of FirstService from $193.00 to $196.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. Scotiabank raised their price target on shares of FirstService from $170.00 to $175.00 and gave the company a “sector perform” rating in a report on Friday, July 12th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $187.60.

View Our Latest Stock Analysis on FirstService

FirstService Stock Down 1.6 %

FSV stock opened at $163.74 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.00 and a quick ratio of 2.00. The company has a 50-day moving average of $152.59 and a two-hundred day moving average of $158.07. The stock has a market capitalization of $7.36 billion, a price-to-earnings ratio of 81.06 and a beta of 1.05. FirstService Co. has a 52-week low of $134.77 and a 52-week high of $171.94.

FirstService (NASDAQ:FSV – Get Free Report) (TSE:FSV) last released its earnings results on Wednesday, April 24th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). FirstService had a net margin of 2.02% and a return on equity of 16.42%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. As a group, equities research analysts anticipate that FirstService Co. will post 4.32 EPS for the current year.

FirstService Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 28th were paid a $0.25 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.61%. FirstService’s payout ratio is 49.51%.

FirstService Company Profile

(Free Report)

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.