Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Position in FirstService Co. (NASDAQ:FSV)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 4.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 20,353 shares of the financial services provider’s stock after buying an additional 922 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in FirstService were worth $3,685,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Versant Capital Management Inc purchased a new stake in shares of FirstService in the fourth quarter worth approximately $29,000. Trust Co. of Vermont purchased a new stake in FirstService in the fourth quarter worth $46,000. Wilmington Savings Fund Society FSB bought a new stake in shares of FirstService during the third quarter worth $53,000. Blue Trust Inc. boosted its stake in shares of FirstService by 158.2% during 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 during the period. Finally, Hardy Reed LLC bought a new position in shares of FirstService in the third quarter worth about $217,000. Institutional investors own 69.35% of the company’s stock.

FirstService Trading Up 3.6 %

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

FirstService Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on FSV shares. StockNews.com cut shares of FirstService from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Raymond James lifted 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. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $201.67.

About FirstService

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.