Morgan Stanley boosted its position in FirstService Corporation (NASDAQ:FSV) (TSE:FSV) by 4.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 324,474 shares of the financial services provider’s stock after buying an additional 12,445 shares during the period. Morgan Stanley owned 0.90% of FirstService Corporation worth $19,566,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Toronto Dominion Bank boosted its position in shares of FirstService Corporation by 0.3% in the first quarter. Toronto Dominion Bank now owns 41,188 shares of the financial services provider’s stock worth $2,490,000 after buying an additional 121 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of FirstService Corporation by 4.2% in the first quarter. JPMorgan Chase & Co. now owns 4,860 shares of the financial services provider’s stock worth $224,000 after buying an additional 195 shares during the last quarter. UBS Group AG boosted its position in shares of FirstService Corporation by 21.2% in the first quarter. UBS Group AG now owns 3,427 shares of the financial services provider’s stock worth $206,000 after buying an additional 600 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in FirstService Corporation by 10.3% in the first quarter. Parametric Portfolio Associates LLC now owns 7,853 shares of the financial services provider’s stock worth $474,000 after buying an additional 733 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in FirstService Corporation by 37.7% in the first quarter. Legal & General Group Plc now owns 3,289 shares of the financial services provider’s stock worth $198,000 after buying an additional 900 shares in the last quarter. 58.68% of the stock is owned by institutional investors.
Shares of FirstService Corporation (FSV) traded down 0.05% on Tuesday, reaching $63.97. The company’s stock had a trading volume of 31,351 shares. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 51.18 and a beta of 0.91. The stock has a 50-day moving average of $63.87 and a 200 day moving average of $59.61. FirstService Corporation has a 52-week low of $39.05 and a 52-week high of $67.41.
FirstService Corporation (NASDAQ:FSV) (TSE:FSV) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.11. The company had revenue of $434.90 million during the quarter, compared to analyst estimates of $421.35 million. FirstService Corporation had a return on equity of 24.64% and a net margin of 2.84%. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the business posted $0.52 EPS. On average, equities research analysts forecast that FirstService Corporation will post $1.96 earnings per share for the current year.
Several research firms have recently weighed in on FSV. BidaskClub upgraded FirstService Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Zacks Investment Research cut FirstService Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 27th. Citigroup Inc. restated a “market perform” rating and set a $61.00 price target (up from $60.00) on shares of FirstService Corporation in a report on Thursday, April 13th. Raymond James Financial, Inc. cut FirstService Corporation from an “outperform” rating to a “mkt perform” rating and boosted their price target for the stock from $60.00 to $61.00 in a report on Thursday, April 13th. Finally, Royal Bank Of Canada boosted their price target on FirstService Corporation from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, April 27th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. FirstService Corporation currently has an average rating of “Buy” and an average target price of $67.00.
FirstService Corporation Company Profile
Firstservice Corporation is a provider of residential property management and other essential property services to residential and commercial customers. The Company operates through two segments: FirstService Residential and FirstService Brands. FirstService Residential is a property manager and provides ancillary services in the areas of on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel, and landscaping; banking and insurance products, and energy conservation and management solutions.
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