Mitsubishi UFJ Trust & Banking Corp Sells 15,500 Shares of FirstService Corporation $FSV

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in FirstService Corporation (NASDAQ:FSV) (TSE:FSV) by 51.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,600 shares of the financial services provider’s stock after selling 15,500 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in FirstService were worth $2,243,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Evergreen Capital Management LLC increased its holdings in shares of FirstService by 5.6% in the second quarter. Evergreen Capital Management LLC now owns 1,462 shares of the financial services provider’s stock worth $256,000 after acquiring an additional 77 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of FirstService by 63.7% during the second quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider’s stock worth $35,000 after buying an additional 79 shares during the period. Parr Mcknight Wealth Management Group LLC boosted its position in shares of FirstService by 1.1% during the third quarter. Parr Mcknight Wealth Management Group LLC now owns 7,583 shares of the financial services provider’s stock worth $1,444,000 after buying an additional 81 shares during the period. NorthCrest Asset Manangement LLC boosted its position in shares of FirstService by 4.2% during the third quarter. NorthCrest Asset Manangement LLC now owns 2,209 shares of the financial services provider’s stock worth $413,000 after buying an additional 90 shares during the period. Finally, Pathstone Holdings LLC boosted its position in shares of FirstService by 0.5% during the third quarter. Pathstone Holdings LLC now owns 17,021 shares of the financial services provider’s stock worth $3,242,000 after buying an additional 92 shares during the period. 69.35% of the stock is currently owned by institutional investors.

FirstService Stock Performance

Shares of NASDAQ FSV opened at $128.01 on Tuesday. The stock has a 50 day moving average price of $145.27 and a 200 day moving average price of $153.60. FirstService Corporation has a 52 week low of $127.70 and a 52 week high of $209.66. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.73 and a current ratio of 1.62. The stock has a market capitalization of $5.89 billion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 3.99 and a beta of 0.97.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. FirstService had a return on equity of 16.45% and a net margin of 2.92%.The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the firm posted $0.92 earnings per share. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. Analysts predict that FirstService Corporation will post 5.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FSV. Scotiabank reduced their price objective on FirstService from $205.00 to $190.00 and set a “sector outperform” rating for the company in a research report on Friday, April 24th. TD Securities set a $204.00 price objective on FirstService in a research report on Friday, April 24th. Loop Capital began coverage on FirstService in a research report on Monday. They set a “hold” rating and a $140.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of FirstService in a research report on Friday, March 27th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $202.00 price objective on shares of FirstService in a research report on Thursday, February 5th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $196.89.

FirstService Company Profile

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.