Global X Japan Co. Ltd. Increases Stock Position in ServiceNow, Inc. $NOW

Global X Japan Co. Ltd. increased its position in ServiceNow, Inc. (NYSE:NOWFree Report) by 2,433.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 41,980 shares of the information technology services provider’s stock after purchasing an additional 40,323 shares during the period. Global X Japan Co. Ltd.’s holdings in ServiceNow were worth $6,431,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in ServiceNow by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 20,210,924 shares of the information technology services provider’s stock valued at $18,599,709,000 after purchasing an additional 315,861 shares during the last quarter. State Street Corp increased its position in ServiceNow by 1.4% in the 3rd quarter. State Street Corp now owns 9,454,699 shares of the information technology services provider’s stock valued at $8,700,970,000 after acquiring an additional 131,080 shares during the period. Nordea Investment Management AB lifted its position in ServiceNow by 388.7% during the 4th quarter. Nordea Investment Management AB now owns 4,706,164 shares of the information technology services provider’s stock worth $720,325,000 after acquiring an additional 3,743,087 shares during the period. Norges Bank acquired a new position in shares of ServiceNow in the second quarter valued at approximately $2,589,235,000. Finally, Wellington Management Group LLP raised its stake in shares of ServiceNow by 5.4% during the third quarter. Wellington Management Group LLP now owns 2,287,300 shares of the information technology services provider’s stock worth $2,104,956,000 after purchasing an additional 118,060 shares during the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

Insider Activity at ServiceNow

In other ServiceNow news, insider Kevin Thomas Mcbride sold 1,400 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $105.71, for a total value of $147,994.00. Following the transaction, the insider directly owned 26,314 shares in the company, valued at approximately $2,781,652.94. This represents a 5.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul Fipps sold 9,641 shares of ServiceNow stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $105.93, for a total transaction of $1,021,271.13. Following the sale, the insider owned 11,757 shares of the company’s stock, valued at approximately $1,245,419.01. This trade represents a 45.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 16,237 shares of company stock valued at $1,697,162. 0.34% of the stock is owned by insiders.

Trending Headlines about ServiceNow

Here are the key news stories impacting ServiceNow this week:

ServiceNow Trading Up 0.6%

Shares of NOW opened at $103.69 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.00 and a quick ratio of 1.00. ServiceNow, Inc. has a 1-year low of $98.00 and a 1-year high of $211.48. The stock has a market cap of $108.46 billion, a price-to-earnings ratio of 62.16, a price-to-earnings-growth ratio of 1.74 and a beta of 0.99. The firm has a 50 day simple moving average of $113.44 and a 200-day simple moving average of $150.90.

ServiceNow (NYSE:NOWGet Free Report) last posted its earnings results on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. ServiceNow had a return on equity of 18.54% and a net margin of 13.16%.The firm had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.53 billion. During the same quarter in the prior year, the company earned $0.73 EPS. ServiceNow’s revenue was up 20.7% on a year-over-year basis. Equities analysts forecast that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on NOW shares. Arete Research set a $200.00 price objective on shares of ServiceNow in a research note on Tuesday, January 6th. Wells Fargo & Company set a $225.00 target price on shares of ServiceNow and gave the stock an “overweight” rating in a research note on Thursday, January 8th. DZ Bank upgraded shares of ServiceNow to a “strong-buy” rating in a research note on Thursday, December 18th. DA Davidson restated a “buy” rating and issued a $220.00 price objective on shares of ServiceNow in a research report on Thursday, January 29th. Finally, Evercore reissued an “outperform” rating and set a $175.00 target price (down from $225.00) on shares of ServiceNow in a research note on Thursday, January 29th. Three analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, ServiceNow presently has an average rating of “Moderate Buy” and an average price target of $192.61.

Get Our Latest Stock Analysis on NOW

About ServiceNow

(Free Report)

ServiceNow (NYSE: NOW) is a cloud computing company that builds enterprise software to manage digital workflows and automate business processes. Its offerings are designed to replace manual work and legacy systems with cloud-based, service-oriented applications that support IT operations, customer service, human resources, security response and other enterprise functions.

The company’s flagship product family is the Now Platform, a suite of subscription software and platform services that includes IT Service Management (ITSM), IT Operations Management (ITOM), IT Business Management (ITBM), Customer Service Management (CSM), HR Service Delivery, Security Operations and Asset Management.

Featured Stories

Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

Receive News & Ratings for ServiceNow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceNow and related companies with MarketBeat.com's FREE daily email newsletter.