Metis Global Partners LLC Invests $223,000 in FirstService Corporation $FSV

by · The Cerbat Gem

Metis Global Partners LLC acquired a new position in shares of FirstService Corporation (NASDAQ:FSV – Free Report) (TSE:FSV) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,280 shares of the financial services provider’s stock, valued at approximately $223,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sustainable Insight Capital Management LLC boosted its position in FirstService by 68.8% during the 2nd quarter. Sustainable Insight Capital Management LLC now owns 4,417 shares of the financial services provider’s stock worth $771,000 after acquiring an additional 1,800 shares during the last quarter. Jacobson & Schmitt Advisors LLC lifted its position in shares of FirstService by 0.5% in the second quarter. Jacobson & Schmitt Advisors LLC now owns 96,753 shares of the financial services provider’s stock worth $16,895,000 after purchasing an additional 442 shares in the last quarter. Geneva Capital Management LLC boosted its holdings in FirstService by 6.2% during the second quarter. Geneva Capital Management LLC now owns 384,665 shares of the financial services provider’s stock worth $67,170,000 after purchasing an additional 22,372 shares during the last quarter. Atria Investments Inc grew its position in FirstService by 61.7% in the second quarter. Atria Investments Inc now owns 3,981 shares of the financial services provider’s stock valued at $695,000 after purchasing an additional 1,519 shares in the last quarter. Finally, Motley Fool Wealth Management LLC acquired a new stake in FirstService in the 2nd quarter valued at $5,164,000. Institutional investors and hedge funds own 69.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FSV shares. CIBC reduced their price objective on shares of FirstService from $225.00 to $216.00 and set an “outperform” rating for the company in a research note on Friday, October 24th. Stifel Nicolaus dropped their target price on FirstService from $230.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, October 27th. TD Securities decreased their price target on FirstService from $213.00 to $211.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. BMO Capital Markets set a $209.00 price target on FirstService and gave the stock an “outperform” rating in a research report on Friday, October 24th. Finally, Weiss Ratings downgraded FirstService from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, November 7th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $211.83.

Check Out Our Latest Stock Report on FirstService

FirstService Price Performance

Shares of NASDAQ FSV opened at $155.74 on Friday. The company has a quick ratio of 1.76, a current ratio of 1.73 and a debt-to-equity ratio of 0.90. The business’s 50 day moving average price is $181.45 and its two-hundred day moving average price is $182.67. The company has a market cap of $7.12 billion, a PE ratio of 51.57 and a beta of 0.99. FirstService Corporation has a twelve month low of $149.13 and a twelve month high of $209.66.

FirstService (NASDAQ:FSV – Get Free Report) (TSE:FSV) last released its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.76. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.47 billion. FirstService had a return on equity of 17.98% and a net margin of 2.53%.The business’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $1.63 earnings per share. On average, analysts predict that FirstService Corporation will post 5.27 EPS for the current year.

FirstService Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, September 30th. FirstService’s payout ratio is 36.42%.

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.

Further Reading

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