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The latest update is out from Servcorp Limited ( (AU:SRV) ).
Servcorp Limited has disclosed a change in the indirect shareholding of director Alfred George Moufarrige, reflecting an increase in his interest in the company through Omnioffices Pty Ltd. The filing outlines the updated ownership position but does not indicate any change in his direct holdings or any broader strategic shift by the company.
Moufarrige acquired 70,877 additional ordinary shares on-market for approximately $464,558, lifting his indirect holding to 52,237,019 shares while his direct stake remains at 547,436 shares. The transaction, conducted outside a closed period, signals continued personal investment by a key director, which may be viewed by stakeholders as a sign of confidence in Servcorp’s prospects.
The most recent analyst rating on (AU:SRV) stock is a Buy with a A$8.50 price target. To see the full list of analyst forecasts on Servcorp Limited stock, see the AU:SRV Stock Forecast page.
More about Servcorp Limited
Servcorp Limited operates in the serviced office and workspace solutions sector, providing fully equipped offices, virtual offices, co-working spaces, and related business support services. The company primarily targets professionals and businesses seeking flexible, premium office infrastructure and services without the long-term commitments of traditional leases.
Average Trading Volume: 67,103
Technical Sentiment Signal: Buy
Current Market Cap: A$665.8M
See more insights into SRV stock on TipRanks’ Stock Analysis page.