Oppenheimer Asset Management Inc. purchased a new position in shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) during the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 4,866 shares of the business services provider’s stock, valued at approximately $203,000.

Several other hedge funds also recently made changes to their positions in SERV. FMR LLC increased its stake in shares of ServiceMaster Global Holdings by 6.9% in the first quarter. FMR LLC now owns 15,507,134 shares of the business services provider’s stock worth $647,423,000 after buying an additional 997,837 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of 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 worth $435,707,000 after buying an additional 494,133 shares during the last quarter. BlackRock Inc. increased its stake in shares of ServiceMaster Global Holdings by 31,635.5% in the first quarter. BlackRock Inc. now owns 5,574,344 shares of the business services provider’s stock worth $232,730,000 after buying an additional 5,556,779 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of ServiceMaster Global Holdings by 3.4% in the first quarter. JPMorgan Chase & Co. now owns 2,368,669 shares of the business services provider’s stock worth $98,892,000 after buying an additional 77,335 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd bought a new stake in shares of ServiceMaster Global Holdings during the first quarter worth about $93,086,000.

Shares of ServiceMaster Global Holdings, Inc. (NYSE SERV) traded down 0.87% during trading on Tuesday, hitting $44.40. 1,109,245 shares of the stock traded hands. The stock has a 50 day moving average of $40.30 and a 200 day moving average of $39.33. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 27.07 and a beta of 1.05. ServiceMaster Global Holdings, Inc. has a 52-week low of $32.41 and a 52-week high of $45.14.

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. The firm had revenue of $807 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%. ServiceMaster Global Holdings’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 earnings per share. Analysts expect that ServiceMaster Global Holdings, Inc. will post $2.04 EPS for the current year.

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SERV has been the topic of a number of recent analyst reports. Instinet raised their price target on shares of ServiceMaster Global Holdings from $30.00 to $32.00 and gave the company a “reduce” rating in a report on Thursday, May 25th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $44.00 price target on shares of ServiceMaster Global Holdings in a report on Tuesday, June 27th. Zacks Investment Research raised shares of ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a report on Thursday, April 13th. Credit Suisse Group reaffirmed an “outperform” rating and set a $52.00 price target (up previously from $47.00) on shares of ServiceMaster Global Holdings in a report on Tuesday, August 1st. Finally, J P Morgan Chase & Co initiated coverage on shares of ServiceMaster Global Holdings in a report on Thursday, April 20th. They set an “overweight” rating and a $49.00 price target on the stock. Three research analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $43.57.

In related news, insider Timothy M. Haynes sold 45,623 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $44.48, for a total value of $2,029,311.04. Following the sale, the insider now owns 29,833 shares in the company, valued at $1,326,971.84. The sale was disclosed in a legal filing with the SEC, 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 value of $48,667,279.38. Following the completion of the transaction, the chief executive officer now directly owns 642,022 shares of the company’s stock, valued at $27,337,296.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,197,814 shares of company stock worth $51,100,588. 1.20% of the stock is owned by insiders.

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.

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

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