Sheets Smith Wealth Management lessened its holdings in ServiceNow Inc (NYSE:NOW) by 3.0% in the 4th quarter, Holdings Channel reports. The firm owned 31,800 shares of the information technology services provider’s stock after selling 1,000 shares during the quarter. ServiceNow accounts for 1.0% of Sheets Smith Wealth Management’s portfolio, making the stock its 24th biggest holding. Sheets Smith Wealth Management’s holdings in ServiceNow were worth $4,146,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. DnB Asset Management AS lifted its position in ServiceNow by 2.8% during the 4th quarter. DnB Asset Management AS now owns 18,442 shares of the information technology services provider’s stock worth $2,405,000 after acquiring an additional 500 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in ServiceNow by 1.1% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 135,944 shares of the information technology services provider’s stock worth $15,977,000 after acquiring an additional 1,528 shares during the last quarter. IFM Investors Pty Ltd acquired a new position in ServiceNow during the 3rd quarter worth $514,000. Insight Capital Research & Management Inc. acquired a new position in ServiceNow during the 3rd quarter worth $3,584,000. Finally, Neuberger Berman Group LLC lifted its position in ServiceNow by 0.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 234,855 shares of the information technology services provider’s stock worth $27,603,000 after acquiring an additional 1,252 shares during the last quarter.

ServiceNow Inc (NYSE NOW) traded up $0.61 during midday trading on Friday, reaching $138.19. 1,197,371 shares of the company were exchanged, compared to its average volume of 1,407,833. The company has a market capitalization of $23,590.00, a PE ratio of -151.86 and a beta of 1.06. ServiceNow Inc has a twelve month low of $81.29 and a twelve month high of $139.06. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.66 and a current ratio of 1.66.

ServiceNow (NYSE:NOW) last posted its earnings results on Wednesday, October 25th. The information technology services provider reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.06. The business had revenue of $498.20 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 39.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share. equities analysts predict that ServiceNow Inc will post -0.35 EPS for the current year.

NOW has been the subject of a number of research analyst reports. UBS Group boosted their target price on shares of ServiceNow from $128.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research lowered shares of ServiceNow from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Cowen reaffirmed a “buy” rating and set a $160.00 price objective on shares of ServiceNow in a research report on Monday, December 11th. JPMorgan Chase & Co. lowered shares of ServiceNow from an “overweight” rating to a “neutral” rating and set a $138.00 price objective for the company. in a research report on Tuesday, December 12th. Finally, Mizuho reaffirmed a “buy” rating on shares of ServiceNow in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-eight have assigned a buy rating and three have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $132.17.

In related news, Director Frederic B. Luddy sold 100,000 shares of the company’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $135.37, for a total value of $13,537,000.00. Following the sale, the director now owns 240,000 shares of the company’s stock, valued at $32,488,800. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael Scarpelli sold 95,035 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $126.52, for a total transaction of $12,023,828.20. Following the completion of the sale, the insider now directly owns 194,664 shares in the company, valued at approximately $24,628,889.28. The disclosure for this sale can be found here. In the last three months, insiders sold 630,174 shares of company stock worth $80,823,650. 3.30% of the stock is currently owned by insiders.

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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.

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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