Sei Investments Co. Raises Position in ServiceMaster Global Holdings, Inc. (SERV)

Sei Investments Co. raised its position in shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 2.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,491 shares of the business services provider’s stock after buying an additional 4,265 shares during the period. Sei Investments Co. owned 0.13% of ServiceMaster Global Holdings worth $6,682,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of SERV. SG Americas Securities LLC acquired a new position in shares of ServiceMaster Global Holdings during the first quarter worth about $100,000. FNY Partners Fund LP acquired a new position in shares of ServiceMaster Global Holdings during the first quarter worth about $104,000. Cannell Capital LLC acquired a new position in shares of ServiceMaster Global Holdings during the first quarter worth about $179,000. Russell Investments Group Ltd. acquired a new position in shares of ServiceMaster Global Holdings during the fourth quarter worth about $169,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of ServiceMaster Global Holdings during the first quarter worth about $203,000.

Shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) opened at 44.74 on Tuesday. The firm’s 50-day moving average is $41.11 and its 200-day moving average is $39.66. ServiceMaster Global Holdings, Inc. has a 52-week low of $32.41 and a 52-week high of $45.31. The firm has a market cap of $5.97 billion, a P/E ratio of 27.28 and a beta of 1.05.

ServiceMaster Global Holdings (NYSE:SERV) last issued its earnings results on Monday, July 31st. The business services provider reported $0.69 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.69. The business had revenue of $807 million during 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 anticipate that ServiceMaster Global Holdings, Inc. will post $2.04 earnings per share for the current year.

A number of research analysts recently issued reports on the stock. Credit Suisse Group reiterated an “outperform” rating and issued a $52.00 price objective (up previously from $47.00) on shares of ServiceMaster Global Holdings in a report on Tuesday, August 1st. Instinet raised their price objective 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. BidaskClub lowered shares of ServiceMaster Global Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Morgan Stanley reiterated an “overweight” rating and issued a $48.00 price objective on shares of ServiceMaster Global Holdings in a report on Friday, June 23rd. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $44.00 price objective on shares of ServiceMaster Global Holdings in a report on Tuesday, June 27th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $43.57.

In other ServiceMaster Global Holdings news, SVP James T. Lucke sold 9,230 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $43.77, for a total value of $403,997.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 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 ninety days, insiders sold 1,220,655 shares of company stock valued at $52,114,728. 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.