9,841 Shares in ServiceNow Inc (NOW) Purchased by Broadleaf Partners LLC

Broadleaf Partners LLC acquired a new position in ServiceNow Inc (NYSE:NOW) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,841 shares of the information technology services provider’s stock, valued at approximately $1,925,000.

Several other institutional investors and hedge funds have also made changes to their positions in NOW. Alpha Windward LLC bought a new stake in shares of ServiceNow in the 2nd quarter worth approximately $102,000. Chevy Chase Trust Holdings Inc. purchased a new position in shares of ServiceNow in the second quarter worth $204,000. Allianz Life Insurance Co. of North America purchased a new position in shares of ServiceNow in the second quarter worth $205,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of ServiceNow by 33.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,228 shares of the information technology services provider’s stock worth $212,000 after buying an additional 305 shares during the period. Finally, Three Peaks Capital Management LLC increased its stake in shares of ServiceNow by 85.6% in the second quarter. Three Peaks Capital Management LLC now owns 1,264 shares of the information technology services provider’s stock worth $218,000 after buying an additional 583 shares during the period. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Several brokerages recently commented on NOW. Royal Bank of Canada reaffirmed a “buy” rating and issued a $205.00 target price on shares of ServiceNow in a research note on Thursday, July 26th. JPMorgan Chase & Co. lifted their target price on shares of ServiceNow from $163.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, July 26th. Stifel Nicolaus lifted their target price on shares of ServiceNow from $165.00 to $180.00 and gave the stock a “hold” rating in a research note on Thursday, July 26th. KeyCorp lifted their target price on shares of ServiceNow from $194.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, July 26th. Finally, Credit Suisse Group lifted their target price on shares of ServiceNow from $180.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the stock. ServiceNow has a consensus rating of “Buy” and an average target price of $201.58.

ServiceNow stock traded up $9.43 during mid-day trading on Friday, reaching $184.40. 178,155 shares of the company traded hands, compared to its average volume of 1,889,417. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.72. The company has a market cap of $34.81 billion, a P/E ratio of -175.04, a PEG ratio of 46.45 and a beta of 1.23. ServiceNow Inc has a 52-week low of $112.84 and a 52-week high of $206.29.

ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, July 25th. The information technology services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.06. The business had revenue of $631.05 million for the quarter, compared to the consensus estimate of $616.68 million. ServiceNow had a negative net margin of 4.16% and a negative return on equity of 7.48%. The company’s quarterly revenue was up 40.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.22 EPS. Analysts predict that ServiceNow Inc will post 0.16 EPS for the current fiscal year.

In other ServiceNow news, Director Frederic B. Luddy sold 32,500 shares of the business’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $196.45, for a total transaction of $6,384,625.00. Following the transaction, the director now directly owns 282,383 shares of the company’s stock, valued at approximately $55,474,140.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Michael Scarpelli sold 30,037 shares of the business’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $182.89, for a total transaction of $5,493,466.93. Following the transaction, the chief financial officer now directly owns 68,748 shares in the company, valued at $12,573,321.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 188,319 shares of company stock worth $35,229,207. Insiders own 1.60% of the company’s stock.

ServiceNow Company Profile

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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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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