Price Capital Management Inc. acquired a new position in shares of ServiceNow Inc (NYSE:NOW) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 13,410 shares of the information technology services provider’s stock, valued at approximately $1,749,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. QCI Asset Management Inc. NY purchased a new stake in shares of ServiceNow during the 4th quarter worth $9,155,000. Calton & Associates Inc. purchased a new stake in shares of ServiceNow during the 4th quarter worth $198,000. American Century Companies Inc. lifted its stake in shares of ServiceNow by 162.5% during 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 last quarter. Raymond James Trust N.A. purchased a new stake in shares of ServiceNow during the 4th quarter worth $224,000. Finally, Dowling & Yahnke LLC purchased a new stake in shares of ServiceNow during the 4th quarter worth $449,000.

ServiceNow Inc (NYSE NOW) opened at $140.10 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $26,452.46, a PE ratio of -161.03, a PEG ratio of 32.57 and a beta of 1.26. ServiceNow Inc has a 1-year low of $83.42 and a 1-year high of $157.00.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, January 31st. The information technology services provider reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $546.37 million for the quarter, compared to analyst estimates of $532.74 million. ServiceNow had a negative return on equity of 24.97% and a negative net margin of 7.71%. The company’s revenue was up 41.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.25 earnings per share. sell-side analysts anticipate that ServiceNow Inc will post 0.1 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on the company. Evercore ISI restated a “buy” rating and set a $170.00 price objective on shares of ServiceNow in a research note on Friday, February 2nd. Oppenheimer restated a “hold” rating on shares of ServiceNow in a research note on Thursday, February 1st. Royal Bank of Canada restated a “buy” rating and set a $160.00 price objective on shares of ServiceNow in a research note on Thursday, February 1st. Sanford C. Bernstein restated an “outperform” rating and set a $208.00 price objective (up from $158.00) on shares of ServiceNow in a research note on Thursday, February 1st. Finally, Barclays increased their price target on ServiceNow from $150.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $148.28.

In other news, Director Frederic B. Luddy sold 170,000 shares of the stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $129.43, for a total value of $22,003,100.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CRO David Schneider sold 16,349 shares of the stock in a transaction dated 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 transaction, the executive now directly owns 67,185 shares in the company, valued at $8,345,048.85. The disclosure for this sale can be found here. Insiders sold 581,810 shares of company stock worth $76,802,884 over the last three months. Corporate insiders own 3.30% of the company’s stock.

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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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