MUFG Securities EMEA plc Lowers Stake in ServiceNow, Inc. (NYSE:NOW)

MUFG Securities EMEA plc reduced its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 69.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 155 shares of the information technology services provider’s stock after selling 352 shares during the period. MUFG Securities EMEA plc’s holdings in ServiceNow were worth $110,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of NOW. DSM Capital Partners LLC purchased a new stake in shares of ServiceNow in the fourth quarter valued at about $79,000. Fortis Capital Advisors LLC boosted its holdings in ServiceNow by 8.7% during the fourth quarter. Fortis Capital Advisors LLC now owns 1,246 shares of the information technology services provider’s stock worth $880,000 after buying an additional 100 shares in the last quarter. Linscomb & Williams Inc. boosted its holdings in ServiceNow by 7.5% during the fourth quarter. Linscomb & Williams Inc. now owns 2,181 shares of the information technology services provider’s stock worth $1,541,000 after buying an additional 153 shares in the last quarter. Intech Investment Management LLC boosted its holdings in ServiceNow by 47.5% during the fourth quarter. Intech Investment Management LLC now owns 1,161 shares of the information technology services provider’s stock worth $820,000 after buying an additional 374 shares in the last quarter. Finally, Johnson Financial Group Inc. boosted its holdings in ServiceNow by 35.0% during the fourth quarter. Johnson Financial Group Inc. now owns 274 shares of the information technology services provider’s stock worth $194,000 after buying an additional 71 shares in the last quarter. 87.18% of the stock is owned by hedge funds and other institutional investors.

ServiceNow Price Performance

Shares of NYSE:NOW traded down $19.64 during trading hours on Friday, hitting $738.51. 1,357,098 shares of the company’s stock traded hands, compared to its average volume of 1,130,991. ServiceNow, Inc. has a 52 week low of $517.80 and a 52 week high of $815.32. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.05 and a current ratio of 1.05. The company’s fifty day simple moving average is $747.11 and its two-hundred day simple moving average is $732.26. The company has a market cap of $151.39 billion, a price-to-earnings ratio of 78.99, a price-to-earnings-growth ratio of 4.63 and a beta of 0.98.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, April 24th. The information technology services provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.41. ServiceNow had a net margin of 20.34% and a return on equity of 13.59%. The company had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.59 billion. As a group, equities analysts anticipate that ServiceNow, Inc. will post 6.5 EPS for the current fiscal year.

Analysts Set New Price Targets

NOW has been the topic of a number of research analyst reports. Stifel Nicolaus reissued a “buy” rating and set a $820.00 price objective on shares of ServiceNow in a report on Wednesday, March 20th. JMP Securities restated a “market outperform” rating and set a $825.00 target price on shares of ServiceNow in a research report on Tuesday, May 7th. William Blair restated an “outperform” rating on shares of ServiceNow in a research report on Tuesday, May 7th. UBS Group cut their target price on shares of ServiceNow from $920.00 to $875.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Finally, StockNews.com cut shares of ServiceNow from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $808.73.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, insider Paul John Smith sold 602 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $769.75, for a total transaction of $463,389.50. Following the completion of the sale, the insider now directly owns 3,619 shares of the company’s stock, valued at $2,785,725.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 917 shares of company stock valued at $690,880. 0.25% of the stock is currently owned by corporate insiders.

ServiceNow Profile

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.