Paulson & CO. Inc. increased its stake in ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 52.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 174,000 shares of the business services provider’s stock after purchasing an additional 60,000 shares during the period. Paulson & CO. Inc. owned approximately 0.13% of ServiceMaster Global Holdings worth $6,819,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of SERV. Comerica Bank bought a new position in shares of ServiceMaster Global Holdings in the first quarter worth $207,000. UBS Asset Management Americas Inc. increased its position in shares of ServiceMaster Global Holdings by 1.0% in the first quarter. UBS Asset Management Americas Inc. now owns 164,063 shares of the business services provider’s stock worth $6,850,000 after purchasing an additional 1,636 shares during the period. Prudential Financial Inc. bought a new position in shares of ServiceMaster Global Holdings in the first quarter worth $246,000. SG Americas Securities LLC bought a new position in shares of ServiceMaster Global Holdings in the first quarter worth $100,000. Finally, Alliancebernstein L.P. increased its position in shares of ServiceMaster Global Holdings by 13.0% in the first quarter. Alliancebernstein L.P. now owns 84,843 shares of the business services provider’s stock worth $3,542,000 after purchasing an additional 9,733 shares during the period.

In other news, SVP James T. Lucke sold 9,230 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $43.77, for a total transaction of $403,997.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert J. Gillette sold 1,142,961 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $42.58, for a total value of $48,667,279.38. Following the transaction, the chief executive officer now owns 642,022 shares in the company, valued at $27,337,296.76. The disclosure for this sale can be found here. Insiders sold a total of 1,225,655 shares of company stock worth $52,344,228 over the last 90 days. Corporate insiders own 1.20% of the company’s stock.

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ServiceMaster Global Holdings, Inc. (NYSE SERV) traded up 0.15% on Wednesday, reaching $46.48. The company’s stock had a trading volume of 106,501 shares. The firm has a market cap of $6.20 billion, a PE ratio of 28.34 and a beta of 1.02. ServiceMaster Global Holdings, Inc. has a 52-week low of $32.51 and a 52-week high of $48.48. The stock’s 50 day moving average price is $47.06 and its 200 day moving average price is $41.98.

ServiceMaster Global Holdings (NYSE:SERV) last announced its earnings results on Monday, July 31st. The business services provider reported $0.69 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.69. The business had revenue of $807.00 million for the quarter, compared to analyst estimates of $806.64 million. ServiceMaster Global Holdings had a return on equity of 40.74% and a net margin of 7.92%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 EPS. Equities research analysts expect that ServiceMaster Global Holdings, Inc. will post $2.04 earnings per share for the current fiscal year.

A number of brokerages recently commented on SERV. BidaskClub cut ServiceMaster Global Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Zacks Investment Research upgraded ServiceMaster Global Holdings from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Wednesday, October 4th. CIBC began coverage on ServiceMaster Global Holdings in a research report on Wednesday, September 20th. They issued an “outperform” rating and a $55.00 price target on the stock. Morgan Stanley restated an “overweight” rating and issued a $48.00 price target on shares of ServiceMaster Global Holdings in a research report on Friday, June 23rd. Finally, Credit Suisse Group restated an “outperform” rating and issued a $52.00 price target (up previously from $47.00) on shares of ServiceMaster Global Holdings in a research report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $49.55.

ServiceMaster Global Holdings 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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