Aviva PLC Invests $4.12 Million in FirstService Co. (NASDAQ:FSV)

Aviva PLC purchased a new position in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 22,786 shares of the financial services provider’s stock, valued at approximately $4,119,000. Aviva PLC owned about 0.05% of FirstService as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc acquired a new position in FirstService in the 4th quarter valued at about $29,000. Trust Co. of Vermont acquired a new position in FirstService in the 4th quarter valued at about $46,000. Wilmington Savings Fund Society FSB acquired a new position in FirstService in the 3rd quarter valued at about $53,000. Blue Trust Inc. raised its stake in FirstService by 158.2% in the 4th 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 last quarter. Finally, Gitterman Wealth Management LLC acquired a new position in FirstService in the 4th quarter valued at about $201,000. Institutional investors and hedge funds own 69.35% of the company’s stock.

FirstService Trading Up 5.8 %

NASDAQ FSV opened at $168.14 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79. FirstService Co. has a 12 month low of $141.26 and a 12 month high of $197.84. The company has a market cap of $7.64 billion, a P/E ratio of 56.61 and a beta of 1.04. The company has a 50-day moving average of $170.98 and a 200-day moving average of $180.32.

FirstService Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Monday, March 31st were issued a dividend of $0.275 per share. The ex-dividend date was Monday, March 31st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.65%. This is a boost from FirstService’s previous quarterly dividend of $0.25. FirstService’s payout ratio is presently 37.04%.

Analyst Upgrades and Downgrades

FSV has been the subject of several analyst reports. StockNews.com downgraded shares of FirstService from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Raymond James upped their price objective 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, FirstService presently has an average rating of “Moderate Buy” and an average target price 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.