Crossmark Global Holdings Inc. purchased a new position in shares of ServiceNow, Inc. (NYSE:NOW) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,102 shares of the information technology services provider’s stock, valued at approximately $482,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of ServiceNow by 5.6% during the 2nd quarter. Vanguard Group Inc. now owns 13,985,997 shares of the information technology services provider’s stock worth $1,482,516,000 after purchasing an additional 741,341 shares during the last quarter. FMR LLC raised its position in shares of ServiceNow by 3.2% during the 2nd quarter. FMR LLC now owns 3,383,647 shares of the information technology services provider’s stock worth $358,666,000 after purchasing an additional 103,578 shares during the last quarter. Capital World Investors acquired a new position in shares of ServiceNow during the 2nd quarter worth about $259,594,000. Coatue Management LLC acquired a new position in shares of ServiceNow during the 2nd quarter worth about $184,317,000. Finally, Federated Investors Inc. PA raised its position in shares of ServiceNow by 29.4% during the 2nd quarter. Federated Investors Inc. PA now owns 1,723,732 shares of the information technology services provider’s stock worth $182,716,000 after purchasing an additional 391,932 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Several research firms recently weighed in on NOW. Raymond James Financial, Inc. upped their price target on shares of ServiceNow from $110.00 to $126.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 27th. BMO Capital Markets upped their price target on shares of ServiceNow from $110.00 to $127.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. JMP Securities restated an “outperform” rating on shares of ServiceNow in a research report on Thursday, July 27th. Cowen and Company restated an “outperform” rating and set a $123.00 price target (up previously from $110.00) on shares of ServiceNow in a research report on Thursday, July 27th. Finally, BidaskClub raised shares of ServiceNow from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $130.50.

Shares of ServiceNow, Inc. (NYSE NOW) opened at $127.67 on Tuesday. ServiceNow, Inc. has a fifty-two week low of $72.80 and a fifty-two week high of $129.56. 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 (NYSE:NOW) last released its earnings results on Wednesday, October 25th. The information technology services provider reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.06. The company had revenue of $498.20 million for the quarter, compared to analyst estimates of $491.62 million. ServiceNow had a negative net margin of 8.68% and a negative return on equity of 22.11%. The firm’s quarterly revenue was up 39.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.23 EPS. equities research analysts expect that ServiceNow, Inc. will post -0.35 earnings per share for the current year.

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In other ServiceNow news, Director Frederic B. Luddy sold 48,790 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $124.37, for a total transaction of $6,068,012.30. Following the sale, the director now directly owns 400 shares in the company, valued at approximately $49,748. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Frederic B. Luddy sold 50,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $125.34, for a total transaction of $6,267,000.00. Following the sale, the director now owns 400 shares in the company, valued at $50,136. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,062,639 shares of company stock worth $125,976,897. 3.30% of the stock is owned by company insiders.

ServiceNow Company 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.

Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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