Boston Family Office LLC purchased a new position in shares of ServiceNow Inc (NYSE:NOW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,100 shares of the information technology services provider’s stock, valued at approximately $274,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NOW. American Century Companies Inc. raised its position in shares of ServiceNow by 162.5% in the 4th quarter. American Century Companies Inc. now owns 1,771,319 shares of the information technology services provider’s stock worth $230,962,000 after buying an additional 1,096,491 shares during the period. Ardevora Asset Management LLP purchased a new position in shares of ServiceNow in the 3rd quarter worth $39,255,000. Victory Capital Management Inc. raised its position in shares of ServiceNow by 203.8% in the 3rd quarter. Victory Capital Management Inc. now owns 493,243 shares of the information technology services provider’s stock worth $57,971,000 after buying an additional 330,883 shares during the period. Tremblant Capital Group raised its position in shares of ServiceNow by 38.9% in the 3rd quarter. Tremblant Capital Group now owns 435,776 shares of the information technology services provider’s stock worth $51,217,000 after buying an additional 121,970 shares during the period. Finally, Seatown Holdings Pte. Ltd. raised its position in shares of ServiceNow by 162.5% in the 3rd quarter. Seatown Holdings Pte. Ltd. now owns 177,677 shares of the information technology services provider’s stock worth $20,882,000 after buying an additional 110,000 shares during the period.

ServiceNow Inc (NYSE NOW) opened at $145.16 on Friday. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.66 and a quick ratio of 1.66. ServiceNow Inc has a 52-week low of $83.42 and a 52-week high of $157.00. The company has a market capitalization of $24,780.00, a PE ratio of -164.95, a price-to-earnings-growth ratio of 32.57 and a beta of 1.26.

ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, January 31st. The information technology services provider reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $546.37 million during the quarter, compared to the consensus estimate of $532.74 million. ServiceNow had a negative return on equity of 24.97% and a negative net margin of 7.71%. The company’s revenue was up 41.7% on a year-over-year basis. During the same period last year, the firm earned $0.25 earnings per share. equities research analysts anticipate that ServiceNow Inc will post 0.1 EPS for the current fiscal year.

Several brokerages recently weighed in on NOW. Evercore ISI reaffirmed a “buy” rating and issued a $170.00 target price on shares of ServiceNow in a research report on Friday, February 2nd. Oppenheimer reaffirmed a “hold” rating on shares of ServiceNow in a research report on Thursday, February 1st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $160.00 target price on shares of ServiceNow in a research report on Thursday, February 1st. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $208.00 target price (up from $158.00) on shares of ServiceNow in a research report on Thursday, February 1st. Finally, Barclays increased their target price on ServiceNow from $150.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $148.28.

In other news, Director Anita M. Sands sold 1,636 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $150.51, for a total transaction of $246,234.36. Following the completion of the sale, the director now directly owns 12,704 shares in the company, valued at $1,912,079.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO David Schneider sold 16,349 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $124.21, for a total value of $2,030,709.29. Following the sale, the executive now owns 67,185 shares of the company’s stock, valued at $8,345,048.85. The disclosure for this sale can be found here. Insiders have sold 581,810 shares of company stock valued at $76,802,884 over the last 90 days. Insiders own 3.30% of the company’s stock.

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ServiceNow Profile

ServiceNow, Inc is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The Company offers a set of cloud-based services that automate workflow within and between departments in an enterprise. It provides workflow solutions, and focuses on service management for customer support, human resources, security operations and other enterprise departments.

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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