Montag & Caldwell LLC Sells 4,158 Shares of ServiceMaster Global Holdings, Inc. (SERV)

Montag & Caldwell LLC cut its stake in ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 38.7% during the second quarter, Holdings Channel reports. The institutional investor owned 6,594 shares of the business services provider’s stock after selling 4,158 shares during the period. Montag & Caldwell LLC’s holdings in ServiceMaster Global Holdings were worth $258,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SERV. SG Americas Securities LLC purchased a new position in shares of ServiceMaster Global Holdings during the first quarter valued at $100,000. FNY Partners Fund LP purchased a new position in shares of ServiceMaster Global Holdings during the first quarter valued at $104,000. Russell Investments Group Ltd. purchased a new position in shares of ServiceMaster Global Holdings during the fourth quarter valued at $169,000. Cannell Capital LLC purchased a new position in shares of ServiceMaster Global Holdings during the first quarter valued at $179,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of ServiceMaster Global Holdings during the first quarter valued at $203,000.

ServiceMaster Global Holdings, Inc. (SERV) opened at 44.20 on Friday. The stock’s 50 day moving average is $40.97 and its 200-day moving average is $39.58. ServiceMaster Global Holdings, Inc. has a 1-year low of $32.41 and a 1-year high of $45.31. The firm 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 announced its quarterly earnings data on Monday, July 31st. The business services provider reported $0.69 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.69. ServiceMaster Global Holdings had a return on equity of 40.74% and a net margin of 7.92%. The firm had revenue of $807 million during the quarter, compared to analyst estimates of $806.64 million. During the same period last year, the company posted $0.67 EPS. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. Analysts forecast that ServiceMaster Global Holdings, Inc. will post $2.04 EPS for the current year.

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Several brokerages recently weighed in on SERV. 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 reissued a “buy” rating and issued a $44.00 target price on shares of ServiceMaster Global Holdings in a research note on Tuesday, June 27th. Instinet boosted 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 issued an “overweight” rating and a $49.00 target price for the company. Finally, Morgan Stanley reissued an “overweight” rating and issued a $48.00 target price on shares of ServiceMaster Global Holdings in a research note on Friday, June 23rd. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $43.57.

In other ServiceMaster Global Holdings news, SVP James T. Lucke sold 9,230 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $43.77, for a total transaction of $403,997.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Timothy M. Haynes sold 45,623 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $1,326,971.84. The disclosure for this sale can be found here. Insiders have sold a total of 1,220,655 shares of company stock valued at $52,114,728 over the last 90 days. Corporate 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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