Sciencast Management LP Invests $388,000 in Servicemaster Global Holdings Inc (NYSE:SERV)

Sciencast Management LP purchased a new stake in shares of Servicemaster Global Holdings Inc (NYSE:SERV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,800 shares of the business services provider’s stock, valued at approximately $388,000.

Several other large investors also recently made changes to their positions in SERV. Howe & Rusling Inc. bought a new stake in shares of Servicemaster Global during the 1st quarter valued at $34,000. Rockefeller Capital Management L.P. increased its stake in Servicemaster Global by 639.3% in the 1st quarter. Rockefeller Capital Management L.P. now owns 2,011 shares of the business services provider’s stock worth $54,000 after buying an additional 1,739 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Servicemaster Global by 517.4% during the first quarter. Tower Research Capital LLC TRC now owns 2,667 shares of the business services provider’s stock valued at $72,000 after acquiring an additional 2,235 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in shares of Servicemaster Global by 50.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,000 shares of the business services provider’s stock valued at $81,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Servicemaster Global by 126.7% in the first quarter. Nisa Investment Advisors LLC now owns 3,400 shares of the business services provider’s stock worth $92,000 after acquiring an additional 1,900 shares during the period.

A number of research firms recently commented on SERV. Stifel Nicolaus lowered their price target on Servicemaster Global from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Oppenheimer reaffirmed a “buy” rating and set a $40.00 target price on shares of Servicemaster Global in a research note on Wednesday, June 17th. JPMorgan Chase & Co. lifted their price objective on shares of Servicemaster Global from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Royal Bank of Canada reduced their price objective on shares of Servicemaster Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. Finally, Morgan Stanley raised their price target on shares of Servicemaster Global from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. Servicemaster Global presently has a consensus rating of “Buy” and an average price target of $43.45.

SERV opened at $40.89 on Friday. The firm’s fifty day simple moving average is $36.37 and its two-hundred day simple moving average is $32.98. Servicemaster Global Holdings Inc has a 52-week low of $17.63 and a 52-week high of $58.78. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 77.15, a PEG ratio of 32.92 and a beta of 0.84. The company has a quick ratio of 2.16, a current ratio of 2.23 and a debt-to-equity ratio of 0.79.

Servicemaster Global (NYSE:SERV) last issued its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.10). Servicemaster Global had a net margin of 3.51% and a return on equity of 6.58%. The company had revenue of $456.00 million during the quarter, compared to analysts’ expectations of $461.36 million. During the same period in the prior year, the business posted $0.33 earnings per share. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, research analysts forecast that Servicemaster Global Holdings Inc will post 0.78 EPS for the current year.

Servicemaster Global Company Profile

ServiceMaster Global Holdings, Inc provides services to residential and commercial customers in the termite, pest control, cleaning, and restoration markets in all 50 states and the District of Columbia. The company operates through two segments, Terminix and ServiceMaster Brands. The Terminix segment offers termite and pest control services, including termite remediation, annual termite inspection, and prevention treatments with damage claim guarantees, periodic pest control services, insulation services, mosquito control, crawlspace encapsulation, and wildlife exclusion.

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Institutional Ownership by Quarter for Servicemaster Global (NYSE:SERV)

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