NGAM Advisors L.P. cut its stake in shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 2.7% during the second quarter, Holdings Channel reports. The firm owned 89,417 shares of the business services provider’s stock after selling 2,465 shares during the period. NGAM Advisors L.P.’s holdings in ServiceMaster Global Holdings were worth $3,504,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. FNY Partners Fund LP bought a new position in shares of ServiceMaster Global Holdings during the first quarter worth about $104,000. Russell Investments Group Ltd. bought a new position in shares of ServiceMaster Global Holdings during the fourth quarter worth about $169,000. Goldman Sachs Group Inc. boosted its position in shares of ServiceMaster Global Holdings by 8.9% in the first quarter. Goldman Sachs Group Inc. now owns 317,220 shares of the business services provider’s stock worth $13,244,000 after buying an additional 25,882 shares during the last quarter. Trexquant Investment LP bought a new position in shares of ServiceMaster Global Holdings during the first quarter worth about $518,000. Finally, Columbia Wanger Asset Management LLC boosted its position in shares of ServiceMaster Global Holdings by 271.2% in the first quarter. Columbia Wanger Asset Management LLC now owns 851,578 shares of the business services provider’s stock worth $35,553,000 after buying an additional 622,152 shares during the last quarter.

Shares of ServiceMaster Global Holdings, Inc. (NYSE SERV) opened at 44.55 on Thursday. The company’s 50-day moving average price is $40.72 and its 200-day moving average price is $39.50. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 27.16 and a beta of 1.05. ServiceMaster Global Holdings, Inc. has a 52-week low of $32.41 and a 52-week high of $45.31.

ServiceMaster Global Holdings (NYSE:SERV) last announced its quarterly earnings data on Monday, July 31st. The business services provider reported $0.69 EPS for the quarter, meeting the consensus estimate of $0.69. ServiceMaster Global Holdings had a net margin of 7.92% and a return on equity of 40.74%. The business had revenue of $807 million during the quarter, compared to the consensus estimate of $806.64 million. During the same period in the previous year, the business earned $0.67 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. Equities research analysts forecast that ServiceMaster Global Holdings, Inc. will post $2.04 EPS for the current fiscal year.

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A number of brokerages have recently issued reports on SERV. Credit Suisse Group reissued an “outperform” rating and issued a $52.00 target price (up from $47.00) on shares of ServiceMaster Global Holdings in a report on Tuesday, August 1st. BidaskClub cut ServiceMaster Global Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. J P Morgan Chase & Co began coverage on ServiceMaster Global Holdings in a report on Thursday, April 20th. They issued an “overweight” rating and a $49.00 target price for the company. Zacks Investment Research raised ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a report on Thursday, April 13th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $48.00 target price on shares of ServiceMaster Global Holdings in a report on Friday, June 23rd. Three analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $43.57.

In other ServiceMaster Global Holdings news, SVP James T. Lucke sold 9,230 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $43.77, for a total transaction of $403,997.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert J. Gillette sold 1,142,961 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $42.58, for a total transaction of $48,667,279.38. Following the transaction, the chief executive officer now owns 642,022 shares of the company’s stock, valued at $27,337,296.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,197,814 shares of company stock valued at $51,100,588. Company insiders own 1.20% of the company’s stock.

ServiceMaster Global Holdings Company Profile

ServiceMaster Global Holdings, Inc is a provider of essential residential and commercial services. The Company operates through three segments: Terminix, American Home Shield and the Franchise Services Group. Its portfolio of brands includes Terminix, American Home Shield, ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec.

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Institutional Ownership by Quarter for ServiceMaster Global Holdings (NYSE:SERV)

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