California Public Employees Retirement System increased its position in shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 2.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 166,900 shares of the business services provider’s stock after buying an additional 3,600 shares during the quarter. California Public Employees Retirement System owned about 0.13% of ServiceMaster Global Holdings worth $6,541,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. FNY Partners Fund LP purchased a new stake in ServiceMaster Global Holdings in the first quarter valued at approximately $104,000. Goldman Sachs Group Inc. raised its position in 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 valued at $13,244,000 after purchasing an additional 25,882 shares during the period. JPMorgan Chase & Co. raised its position in ServiceMaster Global Holdings by 4.0% in the second quarter. JPMorgan Chase & Co. now owns 2,463,249 shares of the business services provider’s stock valued at $96,535,000 after purchasing an additional 94,580 shares during the period. Alliancebernstein L.P. raised its position in 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 valued at $3,542,000 after purchasing an additional 9,733 shares during the period. Finally, Vanguard Group Inc. raised its position in ServiceMaster Global Holdings by 5.0% in the first quarter. Vanguard Group Inc. now owns 10,436,101 shares of the business services provider’s stock valued at $435,707,000 after purchasing an additional 494,133 shares during the period.

ServiceMaster Global Holdings, Inc. (SERV) opened at 47.15 on Friday. The firm has a 50 day moving average of $47.06 and a 200 day moving average of $41.98. The firm has a market cap of $6.29 billion, a P/E ratio of 28.75 and a beta of 1.02. ServiceMaster Global Holdings, Inc. has a 1-year low of $34.27 and a 1-year high of $48.48.

ServiceMaster Global Holdings (NYSE:SERV) last issued its earnings results on Monday, July 31st. The business services provider reported $0.69 EPS for the quarter, meeting the Zacks’ 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 for the quarter, compared to the consensus estimate of $806.64 million. During the same quarter last year, the firm posted $0.67 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities research analysts expect that ServiceMaster Global Holdings, Inc. will post $2.04 EPS for the current year.

SERV has been the topic of a number of research analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $48.00 target price on shares of ServiceMaster Global Holdings in a research report on Friday, June 23rd. Royal Bank Of Canada reissued a “buy” rating and issued a $44.00 target price on shares of ServiceMaster Global Holdings in a research report on Tuesday, June 27th. BidaskClub lowered ServiceMaster Global Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Credit Suisse Group reissued an “outperform” rating and issued a $52.00 target price (up previously from $47.00) on shares of ServiceMaster Global Holdings in a research report on Tuesday, August 1st. Finally, Robert W. Baird reissued a “hold” rating and issued a $51.00 target price on shares of ServiceMaster Global Holdings in a research report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. ServiceMaster Global Holdings has a consensus rating of “Buy” and a consensus target price of $49.55.

In other news, insider Timothy M. Haynes sold 5,000 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $45.90, for a total value of $229,500.00. Following the transaction, the insider now owns 22,335 shares of the company’s stock, valued at approximately $1,025,176.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert J. Gillette sold 1,142,961 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 642,022 shares in the company, valued at approximately $27,337,296.76. The disclosure for this sale can be found here. In the last three months, insiders sold 1,225,655 shares of company stock worth $52,344,228. Insiders own 1.20% of the company’s stock.

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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.

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

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