Kingfisher Capital LLC lessened its position in ServiceNow, Inc. (NYSE:NOW – Get Rating) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 530 shares of the information technology services provider’s stock after selling 25 shares during the quarter. Kingfisher Capital LLC’s holdings in ServiceNow were worth $206,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of NOW. Great West Life Assurance Co. Can acquired a new stake in shares of ServiceNow in the third quarter valued at approximately $68,701,000. Raymond James & Associates lifted its position in ServiceNow by 1.6% during the 3rd quarter. Raymond James & Associates now owns 214,214 shares of the information technology services provider’s stock worth $80,889,000 after buying an additional 3,338 shares in the last quarter. Raymond James Trust N.A. grew its holdings in shares of ServiceNow by 5.7% in the 3rd quarter. Raymond James Trust N.A. now owns 3,612 shares of the information technology services provider’s stock valued at $1,364,000 after acquiring an additional 196 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of ServiceNow in the third quarter valued at about $4,871,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in ServiceNow by 5.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 65,758 shares of the information technology services provider’s stock worth $24,830,000 after acquiring an additional 3,673 shares in the last quarter. Institutional investors own 86.31% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on NOW shares. Credit Suisse Group dropped their price objective on ServiceNow from $600.00 to $575.00 and set an “outperform” rating on the stock in a research note on Friday, January 27th. Citigroup lowered their price objective on shares of ServiceNow from $515.00 to $508.00 and set a “buy” rating on the stock in a research note on Thursday, January 19th. Wells Fargo & Company raised their target price on shares of ServiceNow from $550.00 to $575.00 and gave the company an “overweight” rating in a research note on Thursday, January 26th. Oppenheimer boosted their price target on ServiceNow from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Thursday, January 26th. Finally, JPMorgan Chase & Co. upped their price objective on ServiceNow from $485.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, January 26th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $517.47.
ServiceNow Stock Down 1.7 %
ServiceNow (NYSE:NOW – Get Rating) last announced its quarterly earnings data on Wednesday, January 25th. The information technology services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.28. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.93 billion. ServiceNow had a net margin of 4.49% and a return on equity of 9.37%. Sell-side analysts forecast that ServiceNow, Inc. will post 2.65 earnings per share for the current fiscal year.
Insider Activity at ServiceNow
In other ServiceNow news, CEO William R. Mcdermott sold 2,483 shares of the firm’s stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $455.03, for a total value of $1,129,831.05. Following the sale, the chief executive officer now owns 53,117 shares of the company’s stock, valued at approximately $24,169,647.91. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Christopher Bedi sold 2,613 shares of ServiceNow stock in a transaction on Wednesday, March 22nd. The shares were sold at an average price of $447.18, for a total transaction of $1,168,481.34. Following the completion of the transaction, the insider now owns 15,752 shares of the company’s stock, valued at $7,043,979.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William R. Mcdermott sold 2,483 shares of the company’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $455.03, for a total transaction of $1,129,831.05. Following the sale, the chief executive officer now directly owns 53,117 shares in the company, valued at approximately $24,169,647.91. The disclosure for this sale can be found here. Insiders have sold 65,629 shares of company stock valued at $29,974,024 over the last three months. 0.28% of the stock is owned by insiders.
About ServiceNow
ServiceNow, Inc engages in the provision of enterprise cloud computing solutions. The firm delivers digital workflows on a single enterprise cloud platform called the Now Platform. Its product portfolio is focused on providing Information Technology, Employee and Customer workflows. The company was founded by Frederic B.
Featured Articles
- Get a free copy of the StockNews.com research report on ServiceNow (NOW)
- These Indicators Are Pointing To a Rally In Bank Of America, Soon
- Is Block a Ticking Time Bomb or a Bargain Bestowed by Hindenburg?
- These Bitcoin Stocks Have the Most Upside
- MarketBeat Week in Review – 3/20 – 3/24
- Dividend King Genuine Parts Company Upgraded On Profit Guidance
Want to see what other hedge funds are holding NOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ServiceNow, Inc. (NYSE:NOW – Get Rating).
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.
