Traders sold shares of ServiceNow Inc (NYSE:NOW) on strength during trading on Wednesday. $71.39 million flowed into the stock on the tick-up and $91.05 million flowed out of the stock on the tick-down, for a money net flow of $19.66 million out of the stock. Of all equities tracked, ServiceNow had the 0th highest net out-flow for the day. ServiceNow traded up $1.08 for the day and closed at $173.19

Several research firms recently weighed in on NOW. Barclays upped their price target on ServiceNow from $150.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. UBS reiterated a “buy” rating and set a $180.00 target price (up from $168.00) on shares of ServiceNow in a research note on Thursday, February 1st. They noted that the move was a valuation call. Canaccord Genuity reiterated a “buy” rating and set a $175.00 target price (up from $150.00) on shares of ServiceNow in a research note on Thursday, February 1st. Oppenheimer reiterated a “hold” rating on shares of ServiceNow in a research note on Thursday, February 1st. Finally, Stifel Nicolaus increased their target price on ServiceNow from $120.00 to $150.00 and gave the company a “hold” rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $155.24.

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The stock has a market cap of $30,256.29, a price-to-earnings ratio of -193.97, a price-to-earnings-growth ratio of 38.65 and a beta of 1.14. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.08.

ServiceNow (NYSE:NOW) last released its quarterly 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. ServiceNow had a negative return on equity of 23.78% and a negative net margin of 7.71%. The firm had revenue of $546.37 million for the quarter, compared to analysts’ expectations of $532.74 million. During the same period in the prior year, the firm earned $0.25 EPS. The company’s revenue was up 41.7% compared to the same quarter last year. research analysts expect that ServiceNow Inc will post 0.1 EPS for the current fiscal year.

In related news, Director Frederic B. Luddy sold 100,000 shares of the firm’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $135.37, for a total value of $13,537,000.00. Following the transaction, the director now directly owns 240,000 shares of the company’s stock, valued at approximately $32,488,800. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Frederic B. Luddy sold 32,500 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $173.95, for a total value of $5,653,375.00. Following the completion of the transaction, the director now directly owns 260,791 shares in the company, valued at $45,364,594.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 490,308 shares of company stock worth $73,834,398. 3.30% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in NOW. American Century Companies Inc. raised its holdings in 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 purchasing an additional 1,096,491 shares during the period. Sands Capital Management LLC raised its holdings in ServiceNow by 5.6% in the 4th quarter. Sands Capital Management LLC now owns 8,070,993 shares of the information technology services provider’s stock worth $1,052,377,000 after purchasing an additional 426,311 shares during the period. Two Sigma Advisers LP raised its holdings in ServiceNow by 34.7% in the 4th quarter. Two Sigma Advisers LP now owns 973,243 shares of the information technology services provider’s stock worth $126,901,000 after purchasing an additional 250,748 shares during the period. Carillon Tower Advisers Inc. bought a new position in ServiceNow in the 4th quarter worth $27,401,000. Finally, Hunt Lane Capital LP raised its holdings in ServiceNow by 32.3% in the 4th quarter. Hunt Lane Capital LP now owns 500,000 shares of the information technology services provider’s stock worth $65,195,000 after purchasing an additional 122,000 shares during the period.

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About ServiceNow

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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