ServiceNow Inc (NYSE:NOW) Shares Purchased by Capital Investment Services of America Inc.

Capital Investment Services of America Inc. grew its holdings in shares of ServiceNow Inc (NYSE:NOW) by 2.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,240 shares of the information technology services provider’s stock after buying an additional 1,203 shares during the period. Capital Investment Services of America Inc.’s holdings in ServiceNow were worth $13,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in ServiceNow by 4.2% during the 2nd quarter. Vanguard Group Inc. now owns 11,185,853 shares of the information technology services provider’s stock worth $3,071,300,000 after buying an additional 446,564 shares during the last quarter. Jennison Associates LLC lifted its holdings in ServiceNow by 47.8% during the 2nd quarter. Jennison Associates LLC now owns 4,489,468 shares of the information technology services provider’s stock worth $1,232,673,000 after buying an additional 1,452,900 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in ServiceNow by 6,404.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 3,408,996 shares of the information technology services provider’s stock worth $936,008,000 after buying an additional 3,356,585 shares during the last quarter. Coatue Management LLC lifted its holdings in ServiceNow by 0.9% during the 2nd quarter. Coatue Management LLC now owns 2,743,722 shares of the information technology services provider’s stock worth $753,343,000 after buying an additional 25,617 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in ServiceNow by 4.0% during the 2nd quarter. Northern Trust Corp now owns 1,136,213 shares of the information technology services provider’s stock worth $311,971,000 after buying an additional 44,195 shares during the last quarter. 90.83% of the stock is owned by institutional investors.

Shares of ServiceNow stock traded up $7.15 on Friday, hitting $270.33. The stock had a trading volume of 1,749,612 shares, compared to its average volume of 1,809,478. The company’s 50 day moving average price is $260.61 and its 200 day moving average price is $266.03. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.54. The stock has a market cap of $50.45 billion, a price-to-earnings ratio of 1,351.60, a P/E/G ratio of 21.95 and a beta of 1.31. ServiceNow Inc has a 52-week low of $147.63 and a 52-week high of $303.17.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, July 24th. The information technology services provider reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. The firm had revenue of $833.90 million during the quarter, compared to the consensus estimate of $831.50 million. ServiceNow had a return on equity of 4.29% and a net margin of 0.09%. The firm’s revenue was up 32.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 EPS. Analysts predict that ServiceNow Inc will post 0.42 EPS for the current fiscal year.

A number of analysts have issued reports on the company. Royal Bank of Canada reaffirmed a “top pick” rating and set a $320.00 price target (up from $300.00) on shares of ServiceNow in a report on Tuesday, September 3rd. Jefferies Financial Group lifted their price target on ServiceNow from $285.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. BMO Capital Markets reaffirmed an “outperform” rating and set a $315.00 price target (up from $295.00) on shares of ServiceNow in a report on Thursday, July 25th. Cleveland Research assumed coverage on ServiceNow in a report on Monday, June 17th. They set a “buy” rating for the company. Finally, SunTrust Banks assumed coverage on ServiceNow in a report on Wednesday, October 2nd. They set a “buy” rating and a $321.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the stock. ServiceNow has a consensus rating of “Buy” and an average price target of $293.30.

In other ServiceNow news, Director Frederic B. Luddy sold 1,015 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $254.79, for a total transaction of $258,611.85. Following the completion of the sale, the director now directly owns 1,213 shares of the company’s stock, valued at approximately $309,060.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Michael Scarpelli sold 31,183 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $260.22, for a total value of $8,114,440.26. Following the sale, the chief financial officer now directly owns 36,200 shares of the company’s stock, valued at $9,419,964. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 68,035 shares of company stock valued at $17,867,992. 1.00% of the stock is owned by company insiders.

ServiceNow Profile

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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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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