Boston Financial Mangement LLC Grows Stock Position in FirstService Co. (NASDAQ:FSV)

Boston Financial Mangement LLC boosted its position in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 251,439 shares of the financial services provider’s stock after buying an additional 4,766 shares during the quarter. FirstService makes up about 1.4% of Boston Financial Mangement LLC’s holdings, making the stock its 16th largest position. Boston Financial Mangement LLC’s holdings in FirstService were worth $45,516,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Versant Capital Management Inc bought a new position in shares of FirstService in the fourth quarter worth $29,000. Trust Co. of Vermont bought a new position in shares of FirstService in the fourth quarter worth $46,000. Wilmington Savings Fund Society FSB bought a new position in shares of FirstService in the third quarter worth $53,000. Venturi Wealth Management LLC bought a new position in shares of FirstService in the third quarter worth $66,000. Finally, Blue Trust Inc. boosted its holdings in shares of FirstService by 158.2% in the fourth quarter. Blue Trust Inc. now owns 728 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 446 shares during the period. 69.35% of the stock is owned by hedge funds and other institutional investors.

FirstService Price Performance

NASDAQ:FSV opened at $174.09 on Thursday. The firm has a market capitalization of $7.88 billion, a price-to-earnings ratio of 58.62 and a beta of 1.06. FirstService Co. has a 52-week low of $141.26 and a 52-week high of $197.84. The stock has a fifty day moving average of $180.52 and a 200 day moving average of $182.05. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75.

FirstService Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, March 31st will be given a dividend of $0.275 per share. This is an increase from FirstService’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, March 31st. This represents a $1.10 dividend on an annualized basis and a yield of 0.63%. FirstService’s dividend payout ratio (DPR) is presently 37.04%.

Analysts Set New Price Targets

A number of research firms have recently commented on FSV. StockNews.com raised FirstService from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Raymond James lifted their price objective on FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $201.67.

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.