Jacobson & Schmitt Advisors LLC Has $17.03 Million Stock Position in FirstService Co. (NASDAQ:FSV)

Jacobson & Schmitt Advisors LLC cut its stake in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,078 shares of the financial services provider’s stock after selling 5,085 shares during the quarter. FirstService accounts for 3.3% of Jacobson & Schmitt Advisors LLC’s portfolio, making the stock its 7th largest holding. Jacobson & Schmitt Advisors LLC’s holdings in FirstService were worth $17,030,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Versant Capital Management Inc purchased a new stake in shares of FirstService in the fourth quarter valued at $29,000. Trust Co. of Vermont purchased a new stake in shares of FirstService in the fourth quarter valued at $46,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of FirstService in the third quarter valued at $53,000. Venturi Wealth Management LLC purchased a new stake in shares of FirstService in the third quarter valued at $66,000. Finally, Blue Trust Inc. lifted 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 valued at $133,000 after purchasing an additional 446 shares in the last quarter. 69.35% of the stock is owned by institutional investors.

FirstService Price Performance

Shares of NASDAQ:FSV opened at $174.09 on Thursday. The company has a current ratio of 1.75, a quick ratio of 1.79 and a debt-to-equity ratio of 1.09. FirstService Co. has a 1 year low of $141.26 and a 1 year high of $197.84. The business has a fifty day simple moving average of $180.52 and a 200 day simple moving average of $182.05. The firm has a market cap of $7.88 billion, a price-to-earnings ratio of 58.62 and a beta of 1.06.

FirstService Increases Dividend

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

Wall Street Analyst Weigh In

FSV has been the subject of a number of research analyst reports. Raymond James increased their target price on FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. StockNews.com upgraded FirstService from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.