Livforsakringsbolaget Skandia Omsesidigt boosted its position in ServiceNow Inc (NYSE:NOW) by 6.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,537 shares of the information technology services provider’s stock after buying an additional 200 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in ServiceNow were worth $872,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. Berkshire Capital Holdings Inc. boosted its position in shares of ServiceNow by 889.5% during the 4th quarter. Berkshire Capital Holdings Inc. now owns 41,460 shares of the information technology services provider’s stock worth $7,382,000 after purchasing an additional 37,270 shares in the last quarter. Next Capital Management LLC purchased a new stake in shares of ServiceNow in the 4th quarter worth about $32,000. Advisors Asset Management Inc. boosted its position in shares of ServiceNow by 26.6% in the 4th quarter. Advisors Asset Management Inc. now owns 20,609 shares of the information technology services provider’s stock worth $3,669,000 after buying an additional 4,325 shares in the last quarter. Roman Butler Fullerton & Co. purchased a new stake in shares of ServiceNow in the 4th quarter worth about $518,000. Finally, Dock Street Asset Management Inc. purchased a new stake in shares of ServiceNow in the 1st quarter worth about $937,000.
In related news, insider David Schneider sold 3,414 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $236.02, for a total value of $805,772.28. Following the completion of the transaction, the insider now owns 44,259 shares of the company’s stock, valued at approximately $10,446,009.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Scarpelli sold 29,553 shares of the business’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $237.88, for a total transaction of $7,030,067.64. Following the completion of the transaction, the chief financial officer now directly owns 31,971 shares of the company’s stock, valued at approximately $7,605,261.48. The disclosure for this sale can be found here. Insiders sold a total of 147,311 shares of company stock valued at $37,006,504 in the last three months. 1.00% of the stock is currently owned by corporate insiders.
NOW has been the topic of several recent research reports. Needham & Company LLC boosted their price objective on shares of ServiceNow to $267.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Jefferies Financial Group boosted their price objective on shares of ServiceNow from $242.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Canaccord Genuity boosted their price objective on shares of ServiceNow from $240.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. UBS Group reiterated a “buy” rating and issued a $230.00 price objective (up from $214.00) on shares of ServiceNow in a research report on Thursday, January 31st. Finally, Goldman Sachs Group reiterated a “buy” rating and issued a $260.00 price objective on shares of ServiceNow in a research report on Friday, February 1st. Three investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $268.24.
Shares of NOW stock opened at $268.15 on Friday. ServiceNow Inc has a twelve month low of $147.63 and a twelve month high of $281.74. The stock has a market capitalization of $50.31 billion, a P/E ratio of 1,342.35, a PEG ratio of 20.00 and a beta of 1.45. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.13 and a quick ratio of 1.13.
ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, April 24th. The information technology services provider reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.10. ServiceNow had a negative net margin of 1.38% and a positive return on equity of 1.64%. The firm had revenue of $788.93 million during the quarter, compared to the consensus estimate of $768.09 million. During the same quarter in the previous year, the company posted $0.56 EPS. The firm’s revenue for the quarter was up 33.9% on a year-over-year basis. On average, analysts expect that ServiceNow Inc will post 0.48 EPS for the current 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 information technology (IT) service management applications, as well as digital workflow products for customer service, human resources, security operations, integrated risk management, and other enterprise departments.
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