NN Investment Partners Holdings N.V. Has $40.46 Million Stock Holdings in ServiceNow, Inc. (NYSE:NOW)


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NN Investment Partners Holdings N.V. trimmed its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 22.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,908 shares of the information technology services provider’s stock after selling 22,877 shares during the quarter. NN Investment Partners Holdings N.V.’s holdings in ServiceNow were worth $40,464,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Balentine LLC increased its position in ServiceNow by 3.0% during the 4th quarter. Balentine LLC now owns 622 shares of the information technology services provider’s stock worth $342,000 after purchasing an additional 18 shares in the last quarter. Paul John Balson increased its position in ServiceNow by 1.5% during the 4th quarter. Paul John Balson now owns 1,258 shares of the information technology services provider’s stock worth $692,000 after purchasing an additional 18 shares in the last quarter. Symmetry Partners LLC increased its position in ServiceNow by 1.7% during the 4th quarter. Symmetry Partners LLC now owns 1,152 shares of the information technology services provider’s stock worth $634,000 after purchasing an additional 19 shares in the last quarter. RFG Advisory LLC grew its holdings in ServiceNow by 2.3% during the 4th quarter. RFG Advisory LLC now owns 942 shares of the information technology services provider’s stock worth $499,000 after acquiring an additional 21 shares during the last quarter. Finally, Barrett Asset Management LLC grew its holdings in ServiceNow by 1.2% during the 4th quarter. Barrett Asset Management LLC now owns 1,726 shares of the information technology services provider’s stock worth $950,000 after acquiring an additional 21 shares during the last quarter. Institutional investors and hedge funds own 87.20% of the company’s stock.

NOW traded down $13.52 during trading on Tuesday, hitting $476.80. 69,139 shares of the company traded hands, compared to its average volume of 1,584,725. The firm has a market cap of $94.14 billion, a P/E ratio of 136.59, a price-to-earnings-growth ratio of 12.70 and a beta of 1.14. The stock’s fifty day moving average is $515.78 and its 200 day moving average is $528.27. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.64. ServiceNow, Inc. has a one year low of $335.01 and a one year high of $598.37.

ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, April 28th. The information technology services provider reported $1.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.17. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. ServiceNow had a net margin of 16.60% and a return on equity of 9.79%. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.05 earnings per share. On average, equities research analysts forecast that ServiceNow, Inc. will post 1.11 EPS for the current fiscal year.

A number of research firms have weighed in on NOW. OTR Global raised shares of ServiceNow to a “positive” rating in a report on Friday, January 22nd. Exane BNP Paribas began coverage on shares of ServiceNow in a report on Thursday, April 22nd. They set an “outperform” rating and a $680.00 target price on the stock. Barclays boosted their target price on shares of ServiceNow from $650.00 to $655.00 and gave the stock an “overweight” rating in a report on Thursday, January 28th. Raymond James upped their price objective on shares of ServiceNow from $575.00 to $600.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 28th. Finally, Citigroup assumed coverage on shares of ServiceNow in a research note on Wednesday, March 3rd. They issued a “buy” rating and a $665.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. ServiceNow currently has a consensus rating of “Buy” and an average price target of $606.24.

In other ServiceNow news, Director Frederic B. Luddy sold 16,500 shares of the stock in a transaction dated Tuesday, February 9th. The shares were sold at an average price of $582.10, for a total transaction of $9,604,650.00. Following the completion of the transaction, the director now owns 811 shares in the company, valued at $472,083.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Edward Chamberlain sold 75 shares of the stock in a transaction dated Thursday, April 29th. The stock was sold at an average price of $521.00, for a total transaction of $39,075.00. Following the transaction, the director now owns 9,424 shares of the company’s stock, valued at approximately $4,909,904. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,192 shares of company stock valued at $20,367,655. 1.00% of the stock is owned by company insiders.

About ServiceNow

ServiceNow, Inc provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and automates services for enterprises worldwide. It operates the Now platform that offers workflow automation, artificial intelligence, machine learning, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools.

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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