D.A. Davidson & CO. bought a new position in shares of ServiceNow Inc (NYSE:NOW) in the 4th quarter, HoldingsChannel reports. The fund bought 1,177 shares of the information technology services provider’s stock, valued at approximately $210,000.
Several other institutional investors and hedge funds have also made changes to their positions in NOW. Advisors Asset Management Inc. increased its position in ServiceNow by 8.1% during the second quarter. Advisors Asset Management Inc. now owns 17,690 shares of the information technology services provider’s stock valued at $3,051,000 after acquiring an additional 1,330 shares during the last quarter. Schroder Investment Management Group bought a new stake in ServiceNow during the second quarter valued at about $1,440,000. First Hawaiian Bank bought a new stake in ServiceNow during the third quarter valued at about $401,000. Tributary Capital Management LLC grew its holdings in ServiceNow by 10.5% during the third quarter. Tributary Capital Management LLC now owns 12,900 shares of the information technology services provider’s stock valued at $2,524,000 after purchasing an additional 1,230 shares during the period. Finally, Raymond James Trust N.A. grew its holdings in ServiceNow by 6.7% during the third quarter. Raymond James Trust N.A. now owns 5,263 shares of the information technology services provider’s stock valued at $1,030,000 after purchasing an additional 331 shares during the period. Institutional investors and hedge funds own 96.42% of the company’s stock.
In other news, Director Ronald E. F. Codd sold 100,000 shares of the company’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $220.08, for a total value of $22,008,000.00. Following the completion of the transaction, the director now owns 78,428 shares of the company’s stock, valued at $17,260,434.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Patricia L. Wadors sold 3,831 shares of the company’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $169.48, for a total value of $649,277.88. Following the completion of the transaction, the insider now directly owns 1,148 shares of the company’s stock, valued at approximately $194,563.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 302,791 shares of company stock valued at $59,449,506. Corporate insiders own 1.60% of the company’s stock.
Several analysts have issued reports on the company. UBS Group reissued a “buy” rating and set a $230.00 price target (up previously from $214.00) on shares of ServiceNow in a report on Thursday, January 31st. Jefferies Financial Group boosted their price target on ServiceNow to $242.00 and gave the company a “buy” rating in a report on Thursday, January 31st. Canaccord Genuity reissued a “buy” rating and set a $240.00 price target (up previously from $210.00) on shares of ServiceNow in a report on Thursday, January 31st. ValuEngine raised ServiceNow from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 1st. Finally, KeyCorp reissued an “overweight” rating and set a $250.00 price target (up previously from $210.00) on shares of ServiceNow in a report on Thursday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-three have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $223.07.
NYSE NOW opened at $231.97 on Thursday. The stock has a market capitalization of $42.14 billion, a PE ratio of 1,159.85, a price-to-earnings-growth ratio of 23.42 and a beta of 1.43. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.26 and a quick ratio of 1.26. ServiceNow Inc has a twelve month low of $146.30 and a twelve month high of $237.49.
ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, January 30th. The information technology services provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. The firm had revenue of $715.44 million during the quarter, compared to analyst estimates of $717.73 million. ServiceNow had a positive return on equity of 4.15% and a negative net margin of 1.02%. The business’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.37 earnings per share. Equities research analysts predict that ServiceNow Inc will post 0.35 earnings per share for the current fiscal year.
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ServiceNow, Inc provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company offers service management solutions for customer service, human resources, security operations, and other enterprise departments. It operates ServiceNow platform that provides workflow automation, electronic service catalogs and portals, configuration management systems, data benchmarking, performance analytics, encryption, and collaboration and development tools.
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