State of Wisconsin Investment Board Sells 290 Shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV)

State of Wisconsin Investment Board lowered its stake in shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 1.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,777 shares of the business services provider’s stock after selling 290 shares during the period. State of Wisconsin Investment Board’s holdings in ServiceMaster Global Holdings were worth $1,049,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Utah Retirement Systems raised its position in shares of ServiceMaster Global Holdings by 0.4% during the first quarter. Utah Retirement Systems now owns 24,700 shares of the business services provider’s stock worth $1,031,000 after purchasing an additional 100 shares during the period. Teacher Retirement System of Texas raised its position in shares of ServiceMaster Global Holdings by 1.0% during the second quarter. Teacher Retirement System of Texas now owns 10,727 shares of the business services provider’s stock worth $420,000 after purchasing an additional 106 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of ServiceMaster Global Holdings by 1.0% during 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 purchasing an additional 553 shares during the period. Bank of Montreal Can raised its position in shares of ServiceMaster Global Holdings by 11.1% during the second quarter. Bank of Montreal Can now owns 6,604 shares of the business services provider’s stock worth $260,000 after purchasing an additional 659 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in ServiceMaster Global Holdings by 4.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 20,500 shares of the business services provider’s stock valued at $856,000 after buying an additional 900 shares during the last quarter.

In related news, insider Timothy M. Haynes sold 45,623 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $44.48, for a total value of $2,029,311.04. Following the completion of the transaction, the insider now owns 29,833 shares of the company’s stock, valued at approximately $1,326,971.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Timothy M. Haynes sold 5,000 shares of the stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $45.90, for a total transaction of $229,500.00. Following the completion of the transaction, the insider now directly owns 22,335 shares of the company’s stock, valued at approximately $1,025,176.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,225,655 shares of company stock valued at $52,344,228. 1.20% of the stock is owned by insiders.

A number of equities research analysts recently issued reports on the company. Instinet lifted their target price on ServiceMaster Global Holdings from $30.00 to $32.00 and gave the company a “reduce” rating in a research report on Thursday, May 25th. BidaskClub lowered ServiceMaster Global Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating and issued a $44.00 price target on shares of ServiceMaster Global Holdings in a research note on Tuesday, June 27th. Robert W. Baird restated a “hold” rating and issued a $51.00 price target on shares of ServiceMaster Global Holdings in a research note on Tuesday. Finally, Morgan Stanley restated an “overweight” rating and issued a $48.00 price target on shares of ServiceMaster Global Holdings in a research note on Friday, June 23rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. ServiceMaster Global Holdings presently has a consensus rating of “Hold” and a consensus price target of $44.50.

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Shares of ServiceMaster Global Holdings, Inc. (NYSE SERV) opened at 46.76 on Friday. ServiceMaster Global Holdings, Inc. has a 1-year low of $32.41 and a 1-year high of $47.52. The company has a market capitalization of $6.24 billion, a P/E ratio of 28.51 and a beta of 1.04. The company has a 50-day moving average price of $45.17 and a 200 day moving average price of $40.87.

ServiceMaster Global Holdings (NYSE:SERV) last released 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 $807.00 million during the quarter, compared to the consensus estimate of $806.64 million. During the same quarter in the prior year, the firm earned $0.67 EPS. The business’s revenue was up 8.0% on a year-over-year basis. Equities research analysts anticipate that ServiceMaster Global Holdings, Inc. will post $2.04 EPS for the current year.

About ServiceMaster Global Holdings

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.

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

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