Strs Ohio raised its position in ServiceNow Inc (NYSE:NOW) by 0.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 697,575 shares of the information technology services provider’s stock after buying an additional 1,372 shares during the quarter. Strs Ohio’s holdings in ServiceNow were worth $90,956,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. SeaBridge Investment Advisors LLC purchased a new position in shares of ServiceNow in the third quarter valued at about $118,000. Rockefeller Financial Services Inc. bought a new stake in ServiceNow during the third quarter worth about $138,000. Toronto Dominion Bank boosted its stake in ServiceNow by 12.3% during the second quarter. Toronto Dominion Bank now owns 2,040 shares of the information technology services provider’s stock worth $216,000 after acquiring an additional 224 shares in the last quarter. Institute for Wealth Management LLC. bought a new stake in ServiceNow during the second quarter worth about $234,000. Finally, Evercore Wealth Management LLC lifted its stake in shares of ServiceNow by 6,946.9% in the second quarter. Evercore Wealth Management LLC now owns 2,255 shares of the information technology services provider’s stock worth $239,000 after buying an additional 2,223 shares in the last quarter.

Shares of ServiceNow Inc (NOW) traded up $1.63 during trading hours on Tuesday, reaching $143.90. The company’s stock had a trading volume of 1,379,500 shares, compared to its average volume of 1,562,386. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.10. ServiceNow Inc has a 12-month low of $82.14 and a 12-month high of $144.08. The firm has a market cap of $24,670.00, a price-to-earnings ratio of -158.13 and a beta of 1.06.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, October 25th. The information technology services provider reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.06. The business had revenue of $498.20 million for the quarter, compared to analyst estimates of $491.62 million. ServiceNow had a negative return on equity of 22.11% and a negative net margin of 8.68%. The company’s revenue was up 39.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 EPS. equities analysts predict that ServiceNow Inc will post -0.35 earnings per share for the current year.

In other news, Director Frederic B. Luddy sold 100,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 240,000 shares in the company, valued at approximately $32,488,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO David Schneider sold 16,349 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $124.21, for a total value of $2,030,709.29. Following the completion of the sale, the executive now owns 67,185 shares of the company’s stock, valued at $8,345,048.85. The disclosure for this sale can be found here. Insiders have sold a total of 630,174 shares of company stock worth $80,823,650 over the last three months. 3.30% of the stock is currently owned by corporate insiders.

NOW has been the subject of several research reports. Mizuho reissued a “buy” rating and set a $160.00 price objective (up from $140.00) on shares of ServiceNow in a report on Monday. Credit Suisse Group reaffirmed an “outperform” rating and set a $160.00 target price (up from $138.00) on shares of ServiceNow in a report on Tuesday, January 16th. Piper Jaffray Companies reissued an “overweight” rating and issued a $160.00 price objective on shares of ServiceNow in a research note on Tuesday, January 16th. Barclays restated a “buy” rating and set a $150.00 target price on shares of ServiceNow in a research report on Monday, January 15th. Finally, Cowen restated a “buy” rating and set a $160.00 target price on shares of ServiceNow in a research report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty-eight have given a buy rating and three have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $134.40.

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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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