Public Employees Retirement Association of Colorado lowered its position in ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 0.3% during the second quarter, Holdings Channel reports. The institutional investor owned 26,218 shares of the business services provider’s stock after selling 74 shares during the period. Public Employees Retirement Association of Colorado’s holdings in ServiceMaster Global Holdings were worth $1,027,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SERV. Moody Lynn & Lieberson LLC raised its position in ServiceMaster Global Holdings by 0.3% in the first quarter. Moody Lynn & Lieberson LLC now owns 9,745 shares of the business services provider’s stock worth $407,000 after buying an additional 29 shares during the period. Utah Retirement Systems increased its stake in shares of ServiceMaster Global Holdings by 0.4% in the first quarter. Utah Retirement Systems now owns 24,700 shares of the business services provider’s stock worth $1,031,000 after buying an additional 100 shares in the last quarter. Pitcairn Co. increased its stake in shares of ServiceMaster Global Holdings by 1.3% in the first quarter. Pitcairn Co. now owns 10,875 shares of the business services provider’s stock worth $454,000 after buying an additional 135 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of ServiceMaster Global Holdings by 1.0% in the first quarter. Public Employees Retirement System of Ohio now owns 57,309 shares of the business services provider’s stock worth $2,393,000 after buying an additional 553 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of ServiceMaster Global Holdings by 11.1% in the second quarter. Bank of Montreal Can now owns 6,604 shares of the business services provider’s stock worth $260,000 after buying an additional 659 shares in the last quarter.

ServiceMaster Global Holdings, Inc. (SERV) opened at 44.58 on Wednesday. The firm’s 50 day moving average is $41.26 and its 200 day moving average is $39.71. The stock has a market capitalization of $5.95 billion, a P/E ratio of 27.18 and a beta of 1.05. ServiceMaster Global Holdings, Inc. has a 1-year low of $32.41 and a 1-year high of $45.31.

ServiceMaster Global Holdings (NYSE:SERV) last released its quarterly earnings results on Monday, July 31st. The business services provider reported $0.69 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.69. ServiceMaster Global Holdings had a return on equity of 40.74% and a net margin of 7.92%. The company had revenue of $807 million for the quarter, compared to analyst estimates of $806.64 million. During the same quarter in the prior year, the firm posted $0.67 EPS. ServiceMaster Global Holdings’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts anticipate that ServiceMaster Global Holdings, Inc. will post $2.04 earnings per share for the current year.

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SERV has been the topic of a number of recent analyst reports. J P Morgan Chase & Co initiated coverage on shares of ServiceMaster Global Holdings in a research note on Thursday, April 20th. They issued an “overweight” rating and a $49.00 target price on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $44.00 target price on shares of ServiceMaster Global Holdings in a research note on Tuesday, June 27th. Morgan Stanley reaffirmed an “overweight” rating and issued a $48.00 target price on shares of ServiceMaster Global Holdings in a research note on Friday, June 23rd. BidaskClub downgraded shares of ServiceMaster Global Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Instinet raised their target price on shares of ServiceMaster Global Holdings from $30.00 to $32.00 and gave the company a “reduce” rating in a research note on Thursday, May 25th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $43.57.

In other news, SVP James T. Lucke sold 9,230 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $43.77, for a total transaction of $403,997.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Mary Kay Wegner sold 22,841 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $44.40, for a total value of $1,014,140.40. Following the transaction, the insider now directly owns 5,572 shares in the company, valued at approximately $247,396.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,220,655 shares of company stock worth $52,114,728. 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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