Cwm LLC Has $16.27 Million Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

Cwm LLC increased its holdings in shares of ServiceNow, Inc. (NYSE:NOWFree Report) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,031 shares of the information technology services provider’s stock after buying an additional 70 shares during the period. Cwm LLC’s holdings in ServiceNow were worth $16,271,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in ServiceNow by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 17,753,781 shares of the information technology services provider’s stock worth $9,923,653,000 after purchasing an additional 122,577 shares during the last quarter. State Street Corp raised its holdings in ServiceNow by 1.8% during the 1st quarter. State Street Corp now owns 8,082,154 shares of the information technology services provider’s stock worth $3,755,904,000 after purchasing an additional 141,744 shares during the last quarter. Morgan Stanley raised its holdings in ServiceNow by 4.3% during the 4th quarter. Morgan Stanley now owns 7,071,786 shares of the information technology services provider’s stock worth $2,745,763,000 after purchasing an additional 288,522 shares during the last quarter. FMR LLC raised its holdings in ServiceNow by 17.3% during the 3rd quarter. FMR LLC now owns 4,036,796 shares of the information technology services provider’s stock worth $2,256,407,000 after purchasing an additional 595,697 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in ServiceNow by 2.3% during the 1st quarter. Geode Capital Management LLC now owns 3,589,941 shares of the information technology services provider’s stock worth $1,663,879,000 after purchasing an additional 79,037 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. KeyCorp assumed coverage on shares of ServiceNow in a research note on Thursday, March 21st. They issued an “overweight” rating and a $1,000.00 price objective for the company. Royal Bank of Canada lifted their price objective on shares of ServiceNow from $840.00 to $850.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Citigroup lifted their price objective on shares of ServiceNow from $896.00 to $906.00 and gave the company a “buy” rating in a research note on Thursday. Mizuho lifted their price objective on shares of ServiceNow from $750.00 to $820.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Finally, BMO Capital Markets lifted their price objective on shares of ServiceNow from $630.00 to $850.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Three research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, ServiceNow presently has a consensus rating of “Moderate Buy” and a consensus price target of $780.37.

Check Out Our Latest Stock Analysis on ServiceNow

Insider Buying and Selling

In related news, insider Paul John Smith sold 1,795 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $781.06, for a total value of $1,402,002.70. Following the transaction, the insider now directly owns 994 shares of the company’s stock, valued at approximately $776,373.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other ServiceNow news, CEO William R. Mcdermott sold 5,030 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $753.08, for a total transaction of $3,787,992.40. Following the sale, the chief executive officer now directly owns 17,177 shares of the company’s stock, valued at $12,935,655.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Paul John Smith sold 1,795 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $781.06, for a total transaction of $1,402,002.70. Following the sale, the insider now directly owns 994 shares in the company, valued at $776,373.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,164 shares of company stock valued at $9,940,303. 0.25% of the stock is owned by insiders.

ServiceNow Price Performance

NOW opened at $713.91 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $146.62 billion, a price-to-earnings ratio of 84.89, a P/E/G ratio of 4.51 and a beta of 0.97. The firm’s fifty day moving average price is $764.19 and its two-hundred day moving average price is $703.95. ServiceNow, Inc. has a 1 year low of $427.68 and a 1 year high of $815.32.

ServiceNow (NYSE:NOWGet Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The information technology services provider reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.40 billion. ServiceNow had a net margin of 19.30% and a return on equity of 11.85%. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 EPS. As a group, analysts anticipate that ServiceNow, Inc. will post 6.16 earnings per share for the current fiscal year.

ServiceNow Profile

(Free Report)

ServiceNow, Inc provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.

Further Reading

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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