Pioneer Investment Management Inc. Increases Stake in ServiceMaster Global Holdings, Inc. (SERV)

Pioneer Investment Management Inc. increased its position in ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 31.6% during the second quarter, Holdings Channel reports. The fund owned 282,724 shares of the business services provider’s stock after buying an additional 67,809 shares during the period. Pioneer Investment Management Inc.’s holdings in ServiceMaster Global Holdings were worth $11,080,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Moody Lynn & Lieberson LLC increased 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 last quarter. Utah Retirement Systems increased its position in 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 during the last quarter. Pitcairn Co. increased its position in 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 during the last quarter. Public Employees Retirement System of Ohio increased its position in 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 during the last quarter. Finally, Bank of Montreal Can increased its position in 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 during the last quarter.

ServiceMaster Global Holdings, Inc. (NYSE SERV) opened at 44.20 on Friday. ServiceMaster Global Holdings, Inc. has a 52 week low of $32.41 and a 52 week high of $45.31. The firm’s 50 day moving average is $40.97 and its 200-day moving average is $39.58. The company has a market cap of $5.90 billion, a P/E ratio of 26.95 and a beta of 1.05.

ServiceMaster Global Holdings (NYSE:SERV) last posted its quarterly earnings results 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 million during the quarter, compared to analyst estimates of $806.64 million. During the same quarter in the previous year, the business posted $0.67 EPS. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, analysts predict that ServiceMaster Global Holdings, Inc. will post $2.04 earnings per share for the current fiscal year.

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A number of equities analysts recently issued reports on the stock. BidaskClub downgraded shares of ServiceMaster Global Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $44.00 target price on shares of ServiceMaster Global Holdings in a research note on Tuesday, June 27th. 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. J P Morgan Chase & Co began coverage on shares of ServiceMaster Global Holdings in a research note on Thursday, April 20th. They set an “overweight” rating and a $49.00 target price for the company. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $48.00 target price on shares of ServiceMaster Global Holdings in a research note on Friday, June 23rd. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. ServiceMaster Global Holdings presently has an average rating of “Hold” and a consensus price target of $43.57.

In other news, insider Timothy M. Haynes sold 45,623 shares of the business’s 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 sale, the insider now owns 29,833 shares in the company, valued at approximately $1,326,971.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert J. Gillette sold 1,142,961 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 642,022 shares of the company’s stock, valued at approximately $27,337,296.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,220,655 shares of company stock valued at $52,114,728. Company insiders own 1.20% of the company’s stock.

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.

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

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