Strs Ohio increased its holdings in ServiceNow Inc (NYSE:NOW) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 697,575 shares of the information technology services provider’s stock after purchasing an additional 1,372 shares during the period. Strs Ohio owned 0.40% of ServiceNow worth $90,956,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Principal Financial Group Inc. increased its position in shares of ServiceNow by 124.4% during the 2nd quarter. Principal Financial Group Inc. now owns 38,144 shares of the information technology services provider’s stock valued at $4,044,000 after purchasing an additional 21,147 shares during the last quarter. Profund Advisors LLC boosted its holdings in ServiceNow by 34.0% during the 2nd quarter. Profund Advisors LLC now owns 3,392 shares of the information technology services provider’s stock valued at $360,000 after acquiring an additional 861 shares during the period. ProShare Advisors LLC boosted its holdings in ServiceNow by 59.3% during the 2nd quarter. ProShare Advisors LLC now owns 6,207 shares of the information technology services provider’s stock valued at $658,000 after acquiring an additional 2,310 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of ServiceNow by 21.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 39,613 shares of the information technology services provider’s stock worth $4,201,000 after buying an additional 6,895 shares during the period. Finally, Menta Capital LLC purchased a new stake in shares of ServiceNow in the 2nd quarter worth $498,000.
In other news, Director Frank Slootman sold 31,716 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $147.18, for a total value of $4,667,960.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anita M. Sands sold 1,636 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $150.51, for a total value of $246,234.36. Following the completion of the sale, the director now directly owns 12,704 shares of the company’s stock, valued at $1,912,079.04. The disclosure for this sale can be found here. Insiders have sold a total of 518,060 shares of company stock valued at $69,903,411 over the last ninety days. 3.30% of the stock is owned by company insiders.
ServiceNow Inc (NYSE NOW) opened at $147.74 on Thursday. The stock has a market capitalization of $25,220.00, a price-to-earnings ratio of -169.82, a P/E/G ratio of 31.31 and a beta of 1.26. ServiceNow Inc has a fifty-two week low of $83.42 and a fifty-two week high of $157.00. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.10.
ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, January 31st. The information technology services provider reported $0.35 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.35. The firm had revenue of $546.37 million during the quarter, compared to analyst estimates of $532.74 million. ServiceNow had a negative return on equity of 24.97% and a negative net margin of 7.71%. ServiceNow’s revenue was up 41.7% compared to the same quarter last year. During the same period last year, the business posted $0.25 earnings per share. research analysts anticipate that ServiceNow Inc will post 0.1 EPS for the current year.
Several equities research analysts have weighed in on NOW shares. OTR Global upgraded ServiceNow to a “positive” rating in a report on Wednesday, October 18th. Deutsche Bank upped their price objective on ServiceNow from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Northland Securities restated a “buy” rating and set a $135.00 price objective on shares of ServiceNow in a research note on Thursday, October 19th. Piper Jaffray Companies raised ServiceNow from a “neutral” rating to an “overweight” rating in a research report on Monday, October 23rd. Finally, Bank of America upped their target price on ServiceNow from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $148.97.
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ServiceNow, Inc is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The Company offers a set of cloud-based services that automate workflow within and between departments in an enterprise. It provides workflow solutions, and focuses on service management for customer support, human resources, security operations and other enterprise departments.
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