PensionDanmark Pensionsforsikringsaktieselskab Grows Holdings in FirstService Corporation $FSV

PensionDanmark Pensionsforsikringsaktieselskab boosted its position in FirstService Corporation (NASDAQ:FSV) (TSE:FSV) by 39.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,200 shares of the financial services provider’s stock after buying an additional 5,990 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in FirstService were worth $3,014,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPL Wealth Management LLC purchased a new stake in shares of FirstService during the third quarter worth about $26,000. Caitong International Asset Management Co. Ltd boosted its holdings in FirstService by 88.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 173 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 81 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in FirstService by 63.7% in the second quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 79 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in FirstService during the 4th quarter valued at approximately $34,000. Finally, Strs Ohio acquired a new stake in FirstService during the 1st quarter valued at approximately $38,000. 69.35% of the stock is owned by hedge funds and other institutional investors.

FirstService Price Performance

Shares of NASDAQ FSV opened at $143.91 on Monday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 40.77, a price-to-earnings-growth ratio of 3.19 and a beta of 0.93. FirstService Corporation has a twelve month low of $119.41 and a twelve month high of $209.66. The business has a 50 day simple moving average of $141.47 and a 200-day simple moving average of $144.19.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.04. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. FirstService had a return on equity of 18.07% and a net margin of 2.88%.The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the business posted $1.71 earnings per share. As a group, equities research analysts expect that FirstService Corporation will post 5.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FSV shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $144.00 target price on shares of FirstService in a research report on Friday, July 24th. Wall Street Zen lowered shares of FirstService from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. TD upped their price target on shares of FirstService from $204.00 to $207.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Loop Capital initiated coverage on shares of FirstService in a research note on Monday, May 4th. They set a “hold” rating and a $140.00 price objective on the stock. Finally, Weiss Ratings lowered shares of FirstService from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $184.20.

About FirstService

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.