Legal & General Group Plc boosted its position in FirstService Corporation (NASDAQ:FSV) (TSE:FSV) by 37.7% during the first quarter, Holdings Channel reports. The fund owned 3,289 shares of the financial services provider’s stock after buying an additional 900 shares during the period. Legal & General Group Plc’s holdings in FirstService Corporation were worth $198,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC increased its position in shares of FirstService Corporation by 54.8% in the first quarter. FMR LLC now owns 46,079 shares of the financial services provider’s stock worth $2,786,000 after buying an additional 16,313 shares during the last quarter. BB&T Securities LLC increased its position in shares of FirstService Corporation by 166.6% in the first quarter. BB&T Securities LLC now owns 30,556 shares of the financial services provider’s stock worth $1,842,000 after buying an additional 19,096 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of FirstService Corporation by 141.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 70,119 shares of the financial services provider’s stock worth $4,228,000 after buying an additional 41,068 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of FirstService Corporation by 7.4% in the first quarter. Alliancebernstein L.P. now owns 19,970 shares of the financial services provider’s stock worth $1,204,000 after buying an additional 1,380 shares during the last quarter. Finally, RK Capital Management LLC purchased a new position in shares of FirstService Corporation during the first quarter worth about $7,248,000. 58.68% of the stock is currently owned by hedge funds and other institutional investors.

FirstService Corporation (FSV) traded up 0.62% during mid-day trading on Friday, reaching $63.48. 21,150 shares of the company’s stock traded hands. The stock’s 50 day moving average is $64.02 and its 200-day moving average is $60.13. The stock has a market capitalization of $2.28 billion, a PE ratio of 50.78 and a beta of 0.91. 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 announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.11. The company had revenue of $434.90 million for the quarter, compared to analyst estimates of $421.35 million. FirstService Corporation had a net margin of 2.84% and a return on equity of 24.64%. The firm’s revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 earnings per share. On average, equities analysts anticipate that FirstService Corporation will post $1.96 EPS for the current year.

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A number of brokerages have recently issued reports on FSV. Zacks Investment Research raised shares of FirstService Corporation from a “hold” rating to a “strong-buy” rating and set a $73.00 price objective on the stock in a research report on Wednesday, August 2nd. BidaskClub raised shares of FirstService Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. TheStreet raised shares of FirstService Corporation from a “c” rating to a “b-” rating in a research report on Wednesday, July 26th. Royal Bank Of Canada boosted their target price on shares of FirstService Corporation from $65.00 to $71.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Finally, Raymond James Financial, Inc. boosted their target price on shares of FirstService Corporation from $63.00 to $65.00 and gave the stock a “market perform” rating in a research report on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company 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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Institutional Ownership by Quarter for FirstService Corporation (NASDAQ:FSV)

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